Green Plains (NASDAQ:GPRE) Rating Increased to Buy at Tudor, Pickering, Holt & Co.

Tudor, Pickering, Holt & Co. upgraded shares of Green Plains (NASDAQ:GPRE) from a hold rating to a buy rating in a research report report published on Monday, Marketbeat Ratings reports. The firm currently has $14.00 price target on the specialty chemicals company’s stock.

A number of other research firms have also recently commented on GPRE. Weiss Ratings restated a “sell (d-)” rating on shares of Green Plains in a report on Saturday, September 27th. Zacks Research raised shares of Green Plains to a “hold” rating in a research report on Monday, August 11th. Oppenheimer raised Green Plains from a “market perform” rating to an “outperform” rating and set a $14.00 target price for the company in a research report on Thursday, August 28th. Finally, Bank of America reaffirmed an “underperform” rating and set a $7.00 price target (up from $4.50) on shares of Green Plains in a research note on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $9.57.

Green Plains Trading Up 3.9%

Shares of GPRE stock opened at $10.03 on Monday. Green Plains has a fifty-two week low of $3.14 and a fifty-two week high of $14.04. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.94 and a current ratio of 1.47. The stock has a 50 day simple moving average of $9.28 and a two-hundred day simple moving average of $6.58. The company has a market cap of $657.67 million, a P/E ratio of -4.18 and a beta of 1.26.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Monday, August 11th. The specialty chemicals company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.13). The company had revenue of $552.83 million for the quarter, compared to analyst estimates of $578.18 million. Green Plains had a negative return on equity of 13.65% and a negative net margin of 6.34%.The business’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same period last year, the business earned ($0.38) EPS. Research analysts forecast that Green Plains will post -0.5 earnings per share for the current year.

Insider Transactions at Green Plains

In other Green Plains news, insider Michelle Mapes sold 30,954 shares of Green Plains stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $9.51, for a total transaction of $294,372.54. Following the completion of the transaction, the insider owned 60,558 shares in the company, valued at approximately $575,906.58. The trade was a 33.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its position in Green Plains by 46.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,789 shares of the specialty chemicals company’s stock valued at $35,000 after buying an additional 1,838 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Green Plains by 192.2% in the third quarter. GAMMA Investing LLC now owns 4,547 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 2,991 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Green Plains by 54.6% during the first quarter. PNC Financial Services Group Inc. now owns 8,503 shares of the specialty chemicals company’s stock valued at $41,000 after purchasing an additional 3,002 shares in the last quarter. AlphaQuest LLC boosted its holdings in Green Plains by 115.2% during the first quarter. AlphaQuest LLC now owns 8,981 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 4,808 shares during the last quarter. Finally, Brooklyn Investment Group grew its position in Green Plains by 2,313.4% in the 1st quarter. Brooklyn Investment Group now owns 9,340 shares of the specialty chemicals company’s stock worth $45,000 after purchasing an additional 8,953 shares in the last quarter.

Green Plains Company Profile

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.