Green Plains (NASDAQ:GPRE) Hits New 52-Week Low at $17.49

Green Plains Inc. (NASDAQ:GPREGet Free Report) hit a new 52-week low on Wednesday . The company traded as low as $17.49 and last traded at $17.52, with a volume of 55465 shares. The stock had previously closed at $18.04.

Analyst Ratings Changes

GPRE has been the subject of a number of research analyst reports. Truist Financial reaffirmed a “buy” rating and issued a $35.00 target price on shares of Green Plains in a research note on Tuesday, March 26th. Roth Mkm reduced their price objective on shares of Green Plains from $55.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, May 6th. TheStreet downgraded shares of Green Plains from a “c-” rating to a “d+” rating in a research note on Wednesday, February 7th. Bank of America reduced their price objective on shares of Green Plains from $29.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Finally, Stephens restated an “equal weight” rating and set a $24.00 price objective on shares of Green Plains in a research note on Tuesday, May 7th. One 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’s stock. According to data from MarketBeat.com, Green Plains has a consensus rating of “Moderate Buy” and an average target price of $30.38.

View Our Latest Report on GPRE

Green Plains Stock Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.75. The stock’s fifty day moving average price is $20.86 and its 200-day moving average price is $22.35. The company has a market capitalization of $1.10 billion, a P/E ratio of -13.80 and a beta of 1.62.

Green Plains (NASDAQ:GPREGet Free Report) last issued its earnings results on Friday, May 3rd. The specialty chemicals company reported ($0.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.48). The firm had revenue of $597.20 million during the quarter, compared to the consensus estimate of $654.40 million. Green Plains had a negative net margin of 2.43% and a negative return on equity of 7.86%. The firm’s revenue for the quarter was down 28.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.20) earnings per share. As a group, research analysts anticipate that Green Plains Inc. will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Quest Partners LLC bought a new position in Green Plains in the 4th quarter valued at about $26,000. Covestor Ltd raised its holdings in Green Plains by 50.4% in the 3rd quarter. Covestor Ltd now owns 2,546 shares of the specialty chemicals company’s stock valued at $76,000 after acquiring an additional 853 shares during the period. Headlands Technologies LLC bought a new position in Green Plains in the 4th quarter valued at about $88,000. iA Global Asset Management Inc. bought a new position in Green Plains in the 3rd quarter valued at about $164,000. Finally, Crewe Advisors LLC bought a new position in shares of Green Plains during the first quarter worth approximately $150,000.

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.

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