Green Plains (GPRE) Lowered to Sell at BidaskClub

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Green Plains (NASDAQ:GPRE) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday, BidAskClub reports.

Other research analysts also recently issued reports about the stock. ValuEngine downgraded shares of Green Plains from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Zacks Investment Research upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a research report on Friday, April 12th. Craig Hallum cut their target price on shares of Green Plains from $24.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, February 12th. Roth Capital cut their target price on shares of Green Plains from $25.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, February 11th. Finally, TheStreet upgraded shares of Green Plains from a “d+” rating to a “c” rating in a research report on Monday, February 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $17.50.

Green Plains stock opened at $14.30 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.49 and a current ratio of 1.41. Green Plains has a 1 year low of $12.00 and a 1 year high of $21.83. The stock has a market cap of $591.82 million, a price-to-earnings ratio of -6.59 and a beta of 1.21.

Green Plains (NASDAQ:GPRE) last released its earnings results on Wednesday, May 8th. The specialty chemicals company reported ($1.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.68). Green Plains had a negative net margin of 0.08% and a negative return on equity of 10.48%. The business had revenue of $642.30 million for the quarter, compared to analyst estimates of $779.84 million. During the same quarter in the previous year, the company posted ($0.60) earnings per share. The business’s revenue for the quarter was down 38.6% on a year-over-year basis. On average, analysts forecast that Green Plains will post -0.3 earnings per share for the current year.

In related news, insider Michelle Mapes sold 5,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $16.16, for a total value of $80,800.00. Following the sale, the insider now directly owns 47,740 shares in the company, valued at approximately $771,478.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul E. Kolomaya sold 7,250 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $16.02, for a total transaction of $116,145.00. Following the completion of the sale, the executive vice president now owns 89,635 shares in the company, valued at $1,435,952.70. The disclosure for this sale can be found here. Insiders sold a total of 25,750 shares of company stock worth $427,380 over the last quarter. 5.70% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of Green Plains by 3.7% in the 1st quarter. JPMorgan Chase & Co. now owns 18,199 shares of the specialty chemicals company’s stock valued at $303,000 after acquiring an additional 650 shares during the period. Northwest Wealth Management LLC raised its position in shares of Green Plains by 38.5% in the 1st quarter. Northwest Wealth Management LLC now owns 2,351 shares of the specialty chemicals company’s stock valued at $39,000 after acquiring an additional 654 shares during the period. Texas Permanent School Fund raised its position in shares of Green Plains by 2.8% in the 1st quarter. Texas Permanent School Fund now owns 26,194 shares of the specialty chemicals company’s stock valued at $437,000 after acquiring an additional 719 shares during the period. Macquarie Group Ltd. raised its position in shares of Green Plains by 7.6% in the 1st quarter. Macquarie Group Ltd. now owns 12,234 shares of the specialty chemicals company’s stock valued at $204,000 after acquiring an additional 859 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Green Plains by 0.8% in the 1st quarter. Rhumbline Advisers now owns 116,945 shares of the specialty chemicals company’s stock valued at $1,951,000 after acquiring an additional 946 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

About Green Plains

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates in four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.

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