Oppenheimer Cuts Green Plains (NASDAQ:GPRE) Price Target to $21.00

Green Plains (NASDAQ:GPRE) had its target price lowered by Oppenheimer from $28.00 to $21.00 in a research report report published on Monday, Benzinga reports. The firm currently has an outperform rating on the specialty chemicals company’s stock.

A number of other analysts also recently commented on the company. Stephens reiterated an equal weight rating and issued a $24.00 price objective on shares of Green Plains in a research report on Tuesday, May 7th. BMO Capital Markets dropped their target price on Green Plains from $25.00 to $22.00 and set a market perform rating for the company in a report on Monday, May 6th. UBS Group dropped their target price on Green Plains from $31.00 to $28.00 and set a buy rating for the company in a report on Monday, May 20th. StockNews.com cut Green Plains from a hold rating to a sell rating in a report on Monday, May 6th. Finally, Truist Financial reissued a buy rating and issued a $35.00 target price on shares of Green Plains in a report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Green Plains has a consensus rating of Moderate Buy and a consensus price target of $29.33.

Green Plains Price Performance

Shares of NASDAQ:GPRE opened at $17.90 on Monday. The business has a 50 day moving average price of $16.51 and a 200 day moving average price of $19.83. Green Plains has a twelve month low of $14.35 and a twelve month high of $36.02. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -14.55 and a beta of 1.58. The company has a quick ratio of 1.18, a current ratio of 1.75 and a debt-to-equity ratio of 0.54.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Friday, May 3rd. The specialty chemicals company reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.48). Green Plains had a negative return on equity of 7.86% and a negative net margin of 2.43%. The firm had revenue of $597.20 million during the quarter, compared to the consensus estimate of $654.40 million. During the same quarter in the prior year, the business posted ($1.20) EPS. Green Plains’s revenue was down 28.3% compared to the same quarter last year. Research analysts predict that Green Plains will post -0.45 earnings per share for the current year.

Institutional Investors Weigh In On Green Plains

A number of hedge funds and other institutional investors have recently bought and sold shares of GPRE. Wolf Hill Capital Management LP increased its holdings in Green Plains by 3,036.9% during the 1st quarter. Wolf Hill Capital Management LP now owns 1,753,690 shares of the specialty chemicals company’s stock valued at $40,545,000 after purchasing an additional 1,697,784 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Green Plains by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock valued at $107,771,000 after buying an additional 447,825 shares during the period. Grizzlyrock Capital LLC acquired a new stake in shares of Green Plains in the 4th quarter valued at $10,444,000. Broad Bay Capital Management LP increased its stake in shares of Green Plains by 17.6% in the 4th quarter. Broad Bay Capital Management LP now owns 2,352,000 shares of the specialty chemicals company’s stock valued at $59,317,000 after buying an additional 352,000 shares during the period. Finally, Clifford Capital Partners LLC acquired a new stake in shares of Green Plains in the 1st quarter valued at $7,688,000.

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.