Green Plains (NASDAQ:GPRE) Hits New 1-Year Low – What’s Next?

Shares of Green Plains Inc. (NASDAQ:GPRE) reached a new 52-week low during trading on Friday . The company traded as low as $11.62 and last traded at $11.64, with a volume of 955752 shares changing hands. The stock had previously closed at $11.94.

Wall Street Analysts Forecast Growth

GPRE has been the subject of several recent analyst reports. Truist Financial dropped their price objective on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday. BMO Capital Markets dropped their price target on Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. Oppenheimer downgraded shares of Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. UBS Group cut their target price 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, 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

Green Plains Price Performance

The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.11 and a current ratio of 1.68. The company has a 50-day moving average price of $13.30 and a 200-day moving average price of $16.52. The firm has a market capitalization of $752.17 million, a P/E ratio of -9.70 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 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 for the quarter, compared to analyst estimates of $646.70 million. During the same period in the previous year, the business posted ($0.89) EPS. The business’s quarterly revenue was down 27.8% compared to the same quarter last year. On average, sell-side analysts predict that Green Plains Inc. will post -0.95 earnings per share for the current year.

Institutional Trading of Green Plains

A number of institutional investors have recently made changes to their positions in GPRE. Point72 Hong Kong Ltd bought a new position in shares of Green Plains in the second quarter valued at $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Green Plains in the second quarter valued at $41,000. nVerses Capital LLC bought a new position in shares of Green Plains in the 3rd quarter valued at about $65,000. Crewe Advisors LLC acquired a new position in shares of Green Plains during the 1st quarter worth about $150,000. Finally, DRW Securities LLC acquired a new position in shares of Green Plains during the 2nd quarter worth about $168,000.

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.