Green Plains (NASDAQ:GPRE) Sets New 1-Year Low – Here’s Why

Green Plains Inc. (NASDAQ:GPRE) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $6.10 and last traded at $6.20, with a volume of 2690614 shares traded. The stock had previously closed at $6.51.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GPRE. Truist Financial restated a “buy” rating and set a $12.00 price objective (down from $18.00) on shares of Green Plains in a research note on Thursday. StockNews.com cut Green Plains from a “hold” rating to a “sell” rating in a research report on Monday. BMO Capital Markets lowered their price target on Green Plains from $13.00 to $8.00 and set a “market perform” rating on the stock in a research report on Monday. Finally, Stephens raised Green Plains to a “hold” rating in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Green Plains has an average rating of “Hold” and a consensus target price of $22.56.

Green Plains Stock Up 5.0 %

The company has a market cap of $423.33 million, a price-to-earnings ratio of -17.21, a P/E/G ratio of 3.69 and a beta of 1.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.16. The firm has a 50-day moving average price of $9.39 and a 200 day moving average price of $11.65.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative return on equity of 4.81% and a negative net margin of 0.79%. During the same period in the prior year, the firm posted $0.13 EPS. Sell-side analysts predict that Green Plains Inc. will post -1.02 EPS for the current year.

Institutional Trading of Green Plains

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC increased its holdings in shares of Green Plains by 71.5% during the third quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company’s stock worth $1,935,000 after purchasing an additional 59,564 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Green Plains by 16.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,150,738 shares of the specialty chemicals company’s stock worth $15,581,000 after acquiring an additional 159,147 shares during the period. Paloma Partners Management Co acquired a new position in Green Plains in the 3rd quarter valued at $840,000. Assenagon Asset Management S.A. lifted 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 period. Finally, Point72 Asset Management L.P. lifted its position in shares of Green Plains by 29.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 556,095 shares of the specialty chemicals company’s stock valued at $7,530,000 after acquiring an additional 126,795 shares during the period.

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.