According to Zacks, “Green Plains Inc. is vertically integrated producer, marketer and distributer of ethanol. The company operates through four segments: Ethanol Production, Corn Oil Production, Agribusiness, and Marketing and Distribution. It produces ethanol and co-products, such as wet, modified wet or dried distillers grains, as well as extracts non-edible corn oil. The company is also involved in buying and selling bulk grain primarily corn and soybeans. Green Plains Inc., formerly known as Green Plains Renewable Energy, Inc., is headquartered in Omaha, Nebraska. “
Other equities research analysts have also recently issued research reports about the company. ValuEngine upgraded Green Plains from a hold rating to a buy rating in a research note on Friday, March 22nd. BidaskClub upgraded Green Plains from a hold rating to a buy rating in a research note on Thursday, March 21st. Craig Hallum dropped their price target on Green Plains from $24.00 to $19.00 and set a buy rating on the stock in a research note on Tuesday, February 12th. Roth Capital dropped their price target on Green Plains from $25.00 to $16.00 and set a buy rating on the stock in a research note on Monday, February 11th. Finally, TheStreet upgraded Green Plains from a d+ rating to a c rating in a research note on Monday, February 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Green Plains currently has a consensus rating of Buy and a consensus price target of $18.33.
Shares of Green Plains stock opened at $17.43 on Friday. Green Plains has a 12-month low of $12.00 and a 12-month high of $21.90. The company has a market cap of $719.93 million, a PE ratio of -8.03 and a beta of 1.21. The company has a current ratio of 1.45, a quick ratio of 0.57 and a debt-to-equity ratio of 0.28.
Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Monday, February 11th. The specialty chemicals company reported ($0.96) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.89). Green Plains had a net margin of 0.41% and a negative return on equity of 8.63%. The business had revenue of $827.50 million during the quarter, compared to the consensus estimate of $894.16 million. During the same quarter last year, the company posted ($0.16) EPS. The firm’s revenue was down 10.2% on a year-over-year basis. As a group, equities analysts expect that Green Plains will post -0.3 earnings per share for the current fiscal year.
In other news, EVP Anthony R. Vojslavek sold 1,957 shares of the stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $15.50, for a total transaction of $30,333.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michelle Mapes sold 3,000 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $16.91, for a total value of $50,730.00. Following the sale, the insider now directly owns 46,877 shares in the company, valued at $792,690.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,759 shares of company stock worth $719,462. 5.70% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in GPRE. Northwest Wealth Management LLC grew its stake in Green Plains by 38.5% in the first quarter. Northwest Wealth Management LLC now owns 2,351 shares of the specialty chemicals company’s stock valued at $39,000 after acquiring an additional 654 shares during the period. Geode Capital Management LLC grew its stake in Green Plains by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 446,654 shares of the specialty chemicals company’s stock valued at $5,855,000 after acquiring an additional 4,272 shares during the period. Norges Bank acquired a new stake in Green Plains in the fourth quarter valued at approximately $9,877,000. Penn Capital Management Co. Inc. acquired a new stake in Green Plains in the fourth quarter valued at approximately $2,684,000. Finally, Macquarie Group Ltd. acquired a new stake in Green Plains in the fourth quarter valued at approximately $149,000.
About Green Plains
Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates through four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.
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