Shares of Green Plains Inc (NASDAQ:GPRE) have received an average recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $26.67.
GPRE has been the topic of several recent analyst reports. Piper Jaffray Companies upgraded Green Plains from a “neutral” rating to an “overweight” rating in a research note on Friday, November 3rd. BMO Capital Markets restated an “outperform” rating and set a $25.00 price objective (down from $30.00) on shares of Green Plains in a research note on Monday, November 6th. BidaskClub upgraded Green Plains from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 11th. ValuEngine cut Green Plains from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research upgraded Green Plains from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th.
In other Green Plains news, Director Ejnar A. Knudsen III bought 15,483 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was purchased at an average cost of $16.54 per share, with a total value of $256,088.82. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Todd A. Becker bought 9,000 shares of the firm’s stock in a transaction dated Friday, December 22nd. The shares were acquired at an average cost of $16.74 per share, with a total value of $150,660.00. Following the completion of the transaction, the insider now owns 716,588 shares in the company, valued at $11,995,683.12. The disclosure for this purchase can be found here. Company insiders own 6.40% of the company’s stock.
Shares of Green Plains (NASDAQ:GPRE) traded up $0.45 during trading hours on Wednesday, reaching $19.20. The company’s stock had a trading volume of 454,600 shares, compared to its average volume of 742,969. The company has a current ratio of 1.36, a quick ratio of 0.56 and a debt-to-equity ratio of 0.72. Green Plains has a fifty-two week low of $15.60 and a fifty-two week high of $26.05. The company has a market cap of $784.14, a PE ratio of 381.00, a PEG ratio of 3.35 and a beta of 1.55.
Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Wednesday, February 7th. The specialty chemicals company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.01. Green Plains had a negative return on equity of 3.33% and a net margin of 1.70%. The business had revenue of $920.98 million for the quarter, compared to analysts’ expectations of $953.30 million. During the same period last year, the business earned $0.47 EPS. The business’s revenue was down 1.2% on a year-over-year basis. equities research analysts forecast that Green Plains will post 0.55 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Thursday, February 22nd. Green Plains’s dividend payout ratio is presently 960.00%.
About Green Plains
Green Plains Inc is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.
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