Green Plains (NASDAQ:GPRE) Price Target 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 released on Monday morning, Benzinga reports. The firm currently has an outperform rating on the specialty chemicals company’s stock.

Several other equities research analysts have also recently issued reports on the company. Craig Hallum cut their target price on Green Plains from $37.00 to $34.00 and set a buy rating for the company in a research note on Monday, May 6th. Bank of America cut their target price on shares of Green Plains from $29.00 to $26.00 and set a buy rating on the stock in a research note on Tuesday, May 7th. Truist Financial reissued a buy rating and issued a $35.00 price target on shares of Green Plains in a research report on Tuesday, March 26th. BMO Capital Markets cut their price objective on Green Plains from $25.00 to $22.00 and set a market perform rating on the stock in a research report on Monday, May 6th. Finally, Roth Mkm decreased their target price on Green Plains from $55.00 to $40.00 and set a buy rating for the company in a report on Monday, May 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $29.33.

Green Plains Price Performance

NASDAQ:GPRE opened at $16.24 on Monday. The stock has a market capitalization of $1.05 billion, a PE ratio of -13.20 and a beta of 1.58. Green Plains has a 52 week low of $14.35 and a 52 week high of $36.02. The company has a quick ratio of 1.18, a current ratio of 1.75 and a debt-to-equity ratio of 0.54. The stock’s 50-day moving average price is $16.54 and its 200-day moving average price is $19.85.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Friday, May 3rd. The specialty chemicals company reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.48). The company had revenue of $597.20 million during the quarter, compared to analysts’ expectations of $654.40 million. Green Plains had a negative net margin of 2.43% and a negative return on equity of 7.86%. The company’s quarterly revenue was down 28.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.20) earnings per share. As a group, equities analysts expect that Green Plains will post -0.23 EPS for the current fiscal year.

Institutional Trading of Green Plains

A number of hedge funds and other institutional investors have recently bought and sold shares of GPRE. Louisiana State Employees Retirement System increased its holdings in shares of Green Plains by 2.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the specialty chemicals company’s stock valued at $515,000 after acquiring an additional 700 shares during the last quarter. California State Teachers Retirement System increased its stake in Green Plains by 6.1% in the first quarter. California State Teachers Retirement System now owns 60,799 shares of the specialty chemicals company’s stock valued at $1,406,000 after purchasing an additional 3,504 shares during the last quarter. Masters Capital Management LLC increased its stake in Green Plains by 40.0% in the first quarter. Masters Capital Management LLC now owns 700,000 shares of the specialty chemicals company’s stock valued at $16,184,000 after purchasing an additional 200,000 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Green Plains by 6.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 35,380 shares of the specialty chemicals company’s stock worth $818,000 after purchasing an additional 2,184 shares in the last quarter. Finally, Tyro Capital Management LLC purchased a new stake in shares of Green Plains during the 1st quarter worth approximately $3,315,000.

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.