Green Plains Inc (NASDAQ:GPRE) Given Average Rating of “Buy” by Brokerages

Shares of Green Plains Inc (NASDAQ:GPRE) have received an average rating of “Buy” from the seven analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $15.67.

A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Green Plains from a “hold” rating to a “buy” rating in a report on Tuesday. Stephens assumed coverage on shares of Green Plains in a report on Monday, October 7th. They set an “equal weight” rating and a $12.00 target price for the company. Zacks Investment Research raised shares of Green Plains from a “sell” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, ValuEngine raised shares of Green Plains from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd.

In related news, major shareholder Mangrove Partners Master Fund, sold 51,942 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $8.41, for a total value of $436,832.22. Following the completion of the sale, the insider now owns 3,983,012 shares of the company’s stock, valued at $33,497,130.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director S Eugene Edwards acquired 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average cost of $7.15 per share, with a total value of $107,250.00. Following the acquisition, the director now directly owns 45,620 shares of the company’s stock, valued at approximately $326,183. The disclosure for this purchase can be found here. Corporate insiders own 5.70% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Equitec Specialists LLC purchased a new stake in shares of Green Plains in the third quarter valued at about $32,000. Nisa Investment Advisors LLC grew its holdings in shares of Green Plains by 909.1% in the second quarter. Nisa Investment Advisors LLC now owns 3,330 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 3,000 shares during the period. NumerixS Investment Technologies Inc grew its holdings in shares of Green Plains by 192.3% in the second quarter. NumerixS Investment Technologies Inc now owns 7,600 shares of the specialty chemicals company’s stock valued at $82,000 after purchasing an additional 5,000 shares during the period. Cutler Group LP grew its holdings in shares of Green Plains by 1,415.1% in the second quarter. Cutler Group LP now owns 8,757 shares of the specialty chemicals company’s stock valued at $94,000 after purchasing an additional 8,179 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Green Plains in the third quarter valued at about $93,000. 97.21% of the stock is owned by hedge funds and other institutional investors.

Shares of Green Plains stock traded up $0.08 during trading hours on Friday, reaching $15.33. 68,045 shares of the company’s stock were exchanged, compared to its average volume of 507,961. Green Plains has a 1 year low of $7.01 and a 1 year high of $18.48. The company has a market capitalization of $501.38 million, a P/E ratio of -7.06 and a beta of 1.22. The business has a fifty day moving average of $11.32 and a two-hundred day moving average of $11.57. The company has a quick ratio of 0.60, a current ratio of 1.52 and a debt-to-equity ratio of 0.42.

Green Plains (NASDAQ:GPRE) last released its earnings results on Tuesday, November 5th. The specialty chemicals company reported ($1.06) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.15) by $0.09. Green Plains had a negative net margin of 2.46% and a negative return on equity of 17.79%. The business had revenue of $632.35 million during the quarter, compared to analyst estimates of $900.00 million. During the same quarter in the prior year, the firm earned ($0.31) earnings per share. As a group, research analysts predict that Green Plains will post -4.31 EPS for the current year.

Green Plains Company Profile

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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