Green Plains (NASDAQ:GPRE) PT Lowered to $21.00 at Oppenheimer

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

Other equities analysts have also issued research reports about the stock. Truist Financial reissued a buy rating and issued a $35.00 price target on shares of Green Plains in a report on Tuesday, March 26th. Craig Hallum cut their price objective on Green Plains from $37.00 to $34.00 and set a buy rating for the company in a report on Monday, May 6th. StockNews.com lowered Green Plains from a hold rating to a sell rating in a research 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 research report on Monday, May 20th. Finally, Stephens reaffirmed an equal weight rating and issued a $24.00 target price on shares of Green Plains in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $29.33.

Green Plains Trading Down 1.6 %

Green Plains stock opened at $16.24 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.75. Green Plains has a fifty-two week low of $14.35 and a fifty-two week high of $36.02. The stock has a market cap of $1.05 billion, a P/E ratio of -13.20 and a beta of 1.58. The firm’s fifty day moving average price is $16.54 and its 200-day moving average price is $19.85.

Green Plains (NASDAQ:GPRE) last posted its earnings results on Friday, May 3rd. The specialty chemicals company reported ($0.81) EPS for the quarter, missing the consensus estimate 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 business had revenue of $597.20 million for the quarter, compared to analysts’ expectations of $654.40 million. During the same quarter in the previous year, the firm earned ($1.20) earnings per share. Green Plains’s quarterly revenue was down 28.3% compared to the same quarter last year. Equities research analysts forecast that Green Plains will post -0.23 earnings per share for the current fiscal year.

Institutional Trading of Green Plains

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quest Partners LLC purchased a new position in shares of Green Plains in the fourth quarter worth $26,000. Headlands Technologies LLC purchased a new position in shares of Green Plains in the fourth quarter valued at about $88,000. Crewe Advisors LLC purchased a new position in shares of Green Plains in the first quarter valued at about $150,000. Cape Investment Advisory Inc. bought a new position in shares of Green Plains during the fourth quarter valued at about $196,000. Finally, Virtu Financial LLC purchased a new stake in shares of Green Plains during the fourth quarter worth about $234,000.

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.