Stock Traders Buy Large Volume of Call Options on Green Plains (NASDAQ:GPRE)

Green Plains Inc. (NASDAQ:GPREGet Free Report) was the recipient of unusually large options trading on Tuesday. Stock investors purchased 7,774 call options on the company. This is an increase of 919% compared to the average volume of 763 call options.

Green Plains Stock Performance

Shares of NASDAQ:GPRE opened at $15.13 on Thursday. The company has a market cap of $977.70 million, a P/E ratio of -12.30 and a beta of 1.58. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.75. Green Plains has a one year low of $14.35 and a one year high of $36.02. The business’s 50-day simple moving average is $17.21 and its 200 day simple moving average is $20.44.

Green Plains (NASDAQ:GPREGet Free Report) last announced its earnings results on Friday, May 3rd. The specialty chemicals company reported ($0.81) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.48). The company had revenue of $597.20 million for the quarter, compared to analysts’ expectations of $654.40 million. Green Plains had a negative net margin of 2.43% and a negative return on equity of 7.86%. The business’s quarterly revenue was down 28.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.20) earnings per share. On average, sell-side analysts forecast that Green Plains will post -0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on GPRE shares. Bank of America decreased their price target on Green Plains from $29.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. UBS Group reduced their price objective on Green Plains from $31.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday, May 20th. Roth Mkm reduced their price objective on Green Plains from $55.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. Stephens reaffirmed an “equal weight” rating and issued a $24.00 price objective on shares of Green Plains in a research note on Tuesday, May 7th. Finally, BMO Capital Markets reduced their price objective on Green Plains from $25.00 to $22.00 and set a “market perform” rating on the stock in a research note on Monday, May 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $30.38.

View Our Latest Stock Analysis on GPRE

Institutional Investors Weigh In On Green Plains

Hedge funds have recently modified their holdings of the stock. Seven Eight Capital LP purchased a new stake in Green Plains during the 3rd quarter worth approximately $246,000. iA Global Asset Management Inc. purchased a new stake in Green Plains during the 3rd quarter worth approximately $164,000. Tudor Investment Corp Et Al purchased a new stake in Green Plains during the 3rd quarter worth approximately $4,475,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Green Plains by 3.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,565 shares of the specialty chemicals company’s stock worth $670,000 after purchasing an additional 901 shares during the last quarter. Finally, Zenyatta Capital Management LP increased its holdings in Green Plains by 5.9% during the 4th quarter. Zenyatta Capital Management LP now owns 500,000 shares of the specialty chemicals company’s stock worth $12,610,000 after purchasing an additional 28,000 shares during the last quarter.

About Green Plains

(Get Free Report)

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.

Further Reading

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