Green Plains (NASDAQ:GPRE) Trading Down 7% – Here’s Why

Green Plains, Inc. (NASDAQ:GPRE) fell 7% during trading on Monday . The company traded as low as $15.21 and last traded at $15.1130. Approximately 184,298 shares changed hands during trading, a decline of 88% from the average session volume of 1,497,066 shares. The stock had previously closed at $16.25.

Wall Street Analyst Weigh In

GPRE has been the subject of several analyst reports. Zacks Research cut shares of Green Plains from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of Green Plains from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Oppenheimer reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of Green Plains in a report on Friday, May 8th. BMO Capital Markets reiterated a “market perform” rating on shares of Green Plains in a research report on Friday, August 7th. Finally, UBS Group reissued a “neutral” rating on shares of Green Plains in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Green Plains currently has a consensus rating of “Hold” and a consensus target price of $15.43.

Green Plains Trading Down 2.1%

The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 9.21 and a beta of 1.17. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.58 and a current ratio of 1.99. The company has a 50 day moving average price of $16.04 and a two-hundred day moving average price of $15.73.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings results on Thursday, August 6th. The specialty chemicals company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.29. The firm had revenue of $446.22 million for the quarter, compared to analysts’ expectations of $542.38 million. Green Plains had a net margin of 6.78% and a return on equity of 14.52%. During the same quarter last year, the company earned ($1.09) EPS. On average, research analysts forecast that Green Plains, Inc. will post 2.04 EPS for the current year.

Institutional Investors Weigh In On Green Plains

Several large investors have recently bought and sold shares of GPRE. Kailix Advisors LLC boosted its stake in Green Plains by 18.5% during the 4th quarter. Kailix Advisors LLC now owns 1,369,211 shares of the specialty chemicals company’s stock worth $13,418,000 after purchasing an additional 213,888 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Green Plains in the first quarter valued at about $1,166,000. Dimensional Fund Advisors LP raised its position in shares of Green Plains by 9.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,643,651 shares of the specialty chemicals company’s stock valued at $27,039,000 after buying an additional 145,741 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Green Plains by 112.6% in the fourth quarter. BNP Paribas Financial Markets now owns 1,823,740 shares of the specialty chemicals company’s stock worth $17,873,000 after buying an additional 966,069 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Green Plains in the first quarter worth about $4,596,000.

Green Plains Company Profile

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.