Green Plains (NASDAQ:GPRE – Get Free Report) posted its quarterly earnings results on Friday. The specialty chemicals company reported ($0.86) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.64), Zacks reports. Green Plains had a negative return on equity of 4.81% and a negative net margin of 0.79%. During the same period last year, the company earned $0.13 EPS.
Green Plains Stock Performance
Shares of GPRE stock traded down $1.98 during trading on Friday, hitting $6.31. The company’s stock had a trading volume of 4,844,863 shares, compared to its average volume of 1,426,223. The company has a market cap of $407.68 million, a PE ratio of -16.59, a P/E/G ratio of 1.41 and a beta of 1.44. The company has a current ratio of 1.78, a quick ratio of 1.16 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $9.75 and a 200-day moving average of $11.98. Green Plains has a 52 week low of $6.30 and a 52 week high of $25.22.
Analyst Ratings Changes
A number of research firms recently weighed in on GPRE. StockNews.com raised Green Plains from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Stephens raised Green Plains to a “hold” rating in a research note on Monday, December 2nd. Finally, Truist Financial lowered their price objective on Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Green Plains currently has a consensus rating of “Moderate Buy” and an average target price of $24.44.
About Green Plains
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.
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