Green Plains (NASDAQ:GPRE) Stock Rating Upgraded by Tudor Pickering

Green Plains (NASDAQ:GPRE) was upgraded by research analysts at Tudor Pickering from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research firms have also recently issued reports on GPRE. Tudor, Pickering, Holt & Co. raised Green Plains from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Monday. Bank of America reissued an “underperform” rating and set a $7.00 price target (up from $4.50) on shares of Green Plains in a report on Thursday, August 14th. Oppenheimer raised Green Plains from a “market perform” rating to an “outperform” rating and set a $14.00 price target on the stock in a report on Thursday, August 28th. Zacks Research raised Green Plains to a “hold” rating in a report on Monday, August 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Green Plains in a report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Green Plains presently has a consensus rating of “Hold” and an average target price of $9.57.

Green Plains Stock Performance

Green Plains stock opened at $10.00 on Monday. The company has a quick ratio of 0.94, a current ratio of 1.47 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $655.70 million, a P/E ratio of -4.17 and a beta of 1.26. The stock’s 50 day moving average is $9.30 and its 200 day moving average is $6.60. Green Plains has a twelve month low of $3.14 and a twelve month high of $14.04.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Monday, August 11th. The specialty chemicals company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.13). The company had revenue of $552.83 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.38) EPS. On average, equities research analysts predict that Green Plains will post -0.5 earnings per share for the current fiscal year.

Insider Transactions at Green Plains

In other Green Plains news, insider Michelle Mapes sold 30,954 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $9.51, for a total value of $294,372.54. Following the completion of the sale, the insider owned 60,558 shares of the company’s stock, valued at $575,906.58. This trade represents a 33.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Green Plains

Several institutional investors have recently added to or reduced their stakes in the company. Broad Bay Capital Management LP lifted its stake in Green Plains by 16.1% in the first quarter. Broad Bay Capital Management LP now owns 2,566,086 shares of the specialty chemicals company’s stock worth $12,446,000 after purchasing an additional 355,685 shares during the last quarter. Federated Hermes Inc. bought a new stake in shares of Green Plains during the first quarter valued at approximately $8,860,000. Charles Schwab Investment Management Inc. raised its stake in shares of Green Plains by 13.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,590,954 shares of the specialty chemicals company’s stock valued at $7,716,000 after acquiring an additional 189,478 shares in the last quarter. Clifford Capital Partners LLC raised its stake in shares of Green Plains by 201.2% during the second quarter. Clifford Capital Partners LLC now owns 1,386,961 shares of the specialty chemicals company’s stock valued at $8,363,000 after acquiring an additional 926,553 shares in the last quarter. Finally, CenterBook Partners LP raised its stake in shares of Green Plains by 76.3% during the second quarter. CenterBook Partners LP now owns 1,165,273 shares of the specialty chemicals company’s stock valued at $7,027,000 after acquiring an additional 504,433 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.