Green Plains (NASDAQ:GPRE) Shares Down 3.7% – Time to Sell?

Green Plains Inc. (NASDAQ:GPRE)’s stock price fell 3.7% during mid-day trading on Monday . The stock traded as low as $12.73 and last traded at $12.85. 47,400 shares traded hands during trading, a decline of 96% from the average session volume of 1,086,697 shares. The stock had previously closed at $13.34.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Craig Hallum dropped their price target on Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. BMO Capital Markets dropped their price target on Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. Truist Financial reissued a “buy” rating and set a $25.00 price target (down from $30.00) on shares of Green Plains in a research note on Monday, August 5th. UBS Group dropped their price target on Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a research note on Monday, August 19th. Finally, Oppenheimer lowered Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.28.

Green Plains Stock 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 firm has a fifty day moving average price of $13.51 and a two-hundred day moving average price of $16.74. The stock has a market capitalization of $802.57 million, a PE ratio of -10.26 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 for the quarter, missing the consensus estimate 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 business had revenue of $618.83 million during the quarter, compared to analysts’ expectations of $646.70 million. During the same quarter in the previous year, the company posted ($0.89) earnings per share. The company’s quarterly revenue was down 27.8% compared to the same quarter last year. Research analysts expect that Green Plains Inc. will post -0.95 EPS for the current year.

Institutional Investors Weigh In On Green Plains

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Wolf Hill Capital Management LP grew its position in shares of Green Plains by 3,036.9% during the 1st quarter. Wolf Hill Capital Management LP now owns 1,753,690 shares of the specialty chemicals company’s stock worth $40,545,000 after buying an additional 1,697,784 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Green Plains by 10.6% in the first quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock valued at $107,771,000 after acquiring an additional 447,825 shares in the last quarter. Kailix Advisors LLC raised its holdings in shares of Green Plains by 39.8% in the second quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock valued at $22,406,000 after acquiring an additional 382,517 shares in the last quarter. Clifford Capital Partners LLC bought a new stake in shares of Green Plains in the first quarter valued at about $7,688,000. Finally, Lumbard & Kellner LLC bought a new stake in shares of Green Plains in the second quarter valued at about $4,685,000.

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.