Green Plains (NASDAQ:GPRE) Shares Down 7.2% – Here’s What Happened

Green Plains, Inc. (NASDAQ:GPRE)’s share price fell 7.2% during mid-day trading on Monday . The stock traded as low as $17.97 and last traded at $17.8530. 214,467 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 1,531,258 shares. The stock had previously closed at $19.23.

Analyst Ratings Changes

GPRE has been the topic of several research reports. Wall Street Zen cut Green Plains from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 12th. BMO Capital Markets increased their price target on Green Plains from $14.00 to $15.00 and gave the company a “market perform” rating in a research report on Wednesday, March 25th. UBS Group lifted their price target on Green Plains from $12.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday. Stephens upped their price objective on shares of Green Plains from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, Zacks Research cut shares of Green Plains from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Green Plains presently has a consensus rating of “Hold” and an average price target of $15.43.

Green Plains Stock Down 9.8%

The firm has a 50-day moving average of $15.79 and a two-hundred day moving average of $14.76. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -52.59 and a beta of 1.19. The company has a quick ratio of 1.27, a current ratio of 1.71 and a debt-to-equity ratio of 0.49.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Thursday, May 7th. The specialty chemicals company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.43. Green Plains had a positive return on equity of 2.86% and a negative net margin of 0.80%.The firm had revenue of $445.80 million during the quarter, compared to analyst estimates of $532.53 million. During the same period last year, the company posted ($1.14) EPS. The business’s quarterly revenue was down 25.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Green Plains, Inc. will post 2.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GPRE. Quarry LP bought a new position in shares of Green Plains during the 3rd quarter valued at $67,000. Marex Group plc acquired a new position in Green Plains during the 4th quarter valued at $98,000. Virtus Advisers LLC bought a new stake in shares of Green Plains in the fourth quarter valued at about $98,000. WINTON GROUP Ltd acquired a new stake in shares of Green Plains during the 2nd quarter worth approximately $61,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in Green Plains in the fourth quarter worth $100,000.

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.