Green Plains (NASDAQ:GPRE) Shares Up 3.8% – Here’s Why

Green Plains Inc. (NASDAQ:GPRE) shares rose 3.8% during trading on Thursday . The stock traded as high as $10.29 and last traded at $10.02. Approximately 151,484 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 1,196,741 shares. The stock had previously closed at $9.65.

Wall Street Analyst Weigh In

GPRE has been the topic of several recent analyst reports. Truist Financial reduced their target price on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. StockNews.com raised Green Plains from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Finally, Stephens raised Green Plains to a “hold” rating in a report on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Green Plains has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

Green Plains Stock Up 2.5 %

The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.78. The firm’s 50-day moving average is $10.32 and its two-hundred day moving average is $12.68. The stock has a market cap of $639.58 million, a P/E ratio of -26.13, a PEG ratio of 0.73 and a beta of 1.46.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. raised its position in shares of Green Plains by 1,122.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company’s stock valued at $6,675,000 after acquiring an additional 646,507 shares during the last quarter. Lumbard & Kellner LLC bought a new stake in shares of Green Plains during the 2nd quarter valued at $4,685,000. American Century Companies Inc. raised its position in shares of Green Plains by 287.6% during the 2nd quarter. American Century Companies Inc. now owns 332,586 shares of the specialty chemicals company’s stock valued at $5,275,000 after acquiring an additional 246,773 shares during the last quarter. Wolf Hill Capital Management LP raised its position in shares of Green Plains by 13.7% during the 2nd quarter. Wolf Hill Capital Management LP now owns 1,994,539 shares of the specialty chemicals company’s stock valued at $31,633,000 after acquiring an additional 240,849 shares during the last quarter. Finally, Clifford Capital Partners LLC raised its position in shares of Green Plains by 53.7% during the 2nd quarter. Clifford Capital Partners LLC now owns 511,026 shares of the specialty chemicals company’s stock valued at $8,105,000 after acquiring an additional 178,484 shares during the last quarter.

About Green Plains

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.