Green Plains (NASDAQ:GPRE) Trading Down 7.3% – What’s Next?

Green Plains Inc. (NASDAQ:GPRE) shares dropped 7.3% on Wednesday . The company traded as low as $10.74 and last traded at $10.82. Approximately 393,688 shares were traded during trading, a decline of 64% from the average daily volume of 1,081,600 shares. The stock had previously closed at $11.67.

Wall Street Analysts Forecast Growth

GPRE has been the subject of a number of recent analyst reports. Craig Hallum dropped their price target on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. UBS Group dropped their price target on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a research report on Monday, August 19th. Oppenheimer cut shares of Green Plains from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 7th. BMO Capital Markets dropped their price objective on shares of 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 dropped their price objective on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.50.

Green Plains Stock Up 4.6 %

The business’s 50 day moving average is $13.07 and its 200-day moving average is $16.11. 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 company has a market cap of $742.47 million, a PE ratio of -9.43 and a beta of 1.52.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share (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 firm had revenue of $618.83 million during the quarter, compared to analysts’ expectations of $646.70 million. During the same quarter in the prior year, the firm earned ($0.89) EPS. The firm’s revenue was down 27.8% compared to the same quarter last year. As a group, analysts predict that Green Plains Inc. will post -0.95 EPS for the current year.

Institutional Trading of Green Plains

Several institutional investors have recently modified their holdings of GPRE. Point72 Hong Kong Ltd purchased a new stake in shares of Green Plains during the 2nd quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Green Plains during the 2nd quarter worth approximately $41,000. nVerses Capital LLC purchased a new stake in shares of Green Plains during the 3rd quarter worth approximately $65,000. Crewe Advisors LLC purchased a new stake in shares of Green Plains during the 1st quarter worth approximately $150,000. Finally, Everence Capital Management Inc. purchased a new stake in shares of Green Plains during the 3rd quarter worth approximately $153,000.

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.