Shares of Green Plains Renewable Energy Inc. (NASDAQ:GPRE) have been given a consensus rating of “Buy” by the eleven research firms that are covering the company. Two investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $27.25.

A number of equities analysts have issued reports on GPRE shares. Stephens raised Green Plains Renewable Energy from an “equal weight” rating to an “overweight” rating and set a $32.00 target price for the company in a report on Tuesday, October 4th. Jefferies Group reaffirmed a “buy” rating and issued a $32.00 target price on shares of Green Plains Renewable Energy in a report on Wednesday. Zacks Investment Research cut Green Plains Renewable Energy from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Finally, Roth Capital reaffirmed a “buy” rating and issued a $33.00 target price (up previously from $25.00) on shares of Green Plains Renewable Energy in a report on Wednesday.

Large investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its stake in Green Plains Renewable Energy by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,054 shares of the company’s stock valued at $100,000 after buying an additional 608 shares in the last quarter. Feltz Wealth PLAN Inc. acquired a new stake in Green Plains Renewable Energy during the second quarter valued at approximately $106,000. Mason Street Advisors LLC acquired a new stake in Green Plains Renewable Energy during the second quarter valued at approximately $139,000. Public Employees Retirement System of Ohio boosted its stake in Green Plains Renewable Energy by 26.2% in the second quarter. Public Employees Retirement System of Ohio now owns 7,584 shares of the company’s stock valued at $150,000 after buying an additional 1,574 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Green Plains Renewable Energy by 254.8% in the second quarter. BlackRock Inc. now owns 10,435 shares of the company’s stock valued at $206,000 after buying an additional 7,494 shares in the last quarter. 98.23% of the stock is owned by institutional investors and hedge funds.

Green Plains Renewable Energy (NASDAQ:GPRE) opened at 27.43 on Thursday. The firm’s market cap is $1.05 billion. Green Plains Renewable Energy has a 12-month low of $12.39 and a 12-month high of $28.37. The company has a 50-day moving average price of $25.15 and a 200-day moving average price of $20.43.

Green Plains Renewable Energy (NASDAQ:GPRE) last issued its earnings results on Monday, August 1st. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.29. Green Plains Renewable Energy had a negative return on equity of 1.41% and a negative net margin of 0.43%. The business earned $887.70 million during the quarter, compared to analysts’ expectations of $803.62 million. During the same quarter in the prior year, the firm earned $0.19 EPS. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. On average, analysts predict that Green Plains Renewable Energy will post $0.08 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 26th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $0.48 annualized dividend and a yield of 1.75%. Green Plains Renewable Energy’s dividend payout ratio is currently -137.14%.

Green Plains Renewable Energy Company Profile

Green Plains Inc (Green Plains) is a vertically integrated producer, marketer and distributor of ethanol. The Company operates through four segments: Ethanol Production, Agribusiness, Marketing and Distribution, and Partnership. The Company’s ethanol production segment is engaged in the production of ethanol and related distillers grain.

5 Day Chart for NASDAQ:GPRE

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