Green Plains (NASDAQ:GPRE) Shares Down 6.2% – Time to Sell?

Green Plains Inc. (NASDAQ:GPRE)’s share price fell 6.2% during trading on Tuesday . The company traded as low as $11.43 and last traded at $11.43. 611,965 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 1,084,285 shares. The stock had previously closed at $12.18.

Analyst Ratings Changes

Several research firms have issued reports on GPRE. UBS Group lowered their price target on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a report on Monday, August 19th. Craig Hallum decreased their price target on Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Oppenheimer downgraded Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 7th. BMO Capital Markets lowered their target price on Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday, August 7th. Finally, Truist Financial cut their price target on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

Green Plains Price Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 1.68 and a quick ratio of 1.11. The business’s fifty day moving average price is $12.89 and its 200-day moving average price is $15.76. The stock has a market capitalization of $790.73 million, a price-to-earnings ratio of -18.31 and a beta of 1.52.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.35). Green Plains had a negative return on equity of 4.94% and a negative net margin of 1.64%. The company had revenue of $618.83 million for the quarter, compared to the consensus estimate of $646.70 million. During the same period in the prior year, the firm posted ($0.89) earnings per share. The business’s revenue for the quarter was down 27.8% on a year-over-year basis. On average, research analysts forecast that Green Plains Inc. will post -1.05 EPS for the current year.

Hedge Funds Weigh In On Green Plains

Several large investors have recently bought and sold shares of GPRE. Vanguard Group Inc. grew 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 worth $107,771,000 after acquiring an additional 447,825 shares in the last quarter. Wolf Hill Capital Management LP grew its position in Green Plains by 13.7% in the 2nd quarter. Wolf Hill Capital Management LP now owns 1,994,539 shares of the specialty chemicals company’s stock worth $31,633,000 after purchasing an additional 240,849 shares in the last quarter. William Blair Investment Management LLC increased its stake in Green Plains by 3.6% in the 2nd quarter. William Blair Investment Management LLC now owns 1,870,698 shares of the specialty chemicals company’s stock valued at $29,669,000 after buying an additional 65,637 shares during the last quarter. Kailix Advisors LLC lifted its position in shares of Green Plains by 39.8% during the 2nd quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock worth $22,406,000 after buying an additional 382,517 shares in the last quarter. Finally, Masters Capital Management LLC grew its holdings in shares of 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 acquiring an additional 200,000 shares in the last quarter.

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.