Green Plains (NASDAQ:GPRE) Sets New 52-Week Low at $13.32

Green Plains Inc. (NASDAQ:GPRE) shares reached a new 52-week low during trading on Friday . The company traded as low as $13.32 and last traded at $13.32, with a volume of 54229 shares trading hands. The stock had previously closed at $14.21.

Wall Street Analyst Weigh In

GPRE has been the subject of several recent analyst reports. Truist Financial restated a “buy” rating and issued a $25.00 price target (down from $30.00) on shares of Green Plains in a report on Monday. Bank of America dropped their price target on Green Plains from $29.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. Craig Hallum reduced their price objective on Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday. Roth Mkm dropped their target price on Green Plains from $55.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, May 6th. Finally, BMO Capital Markets reduced their price target on Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday. One investment 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.78.

Green Plains Stock Down 4.8 %

The company has a quick ratio of 1.18, a current ratio of 1.75 and a debt-to-equity ratio of 0.54. The stock has a market cap of $874.30 million, a P/E ratio of -11.55 and a beta of 1.58. The firm has a 50 day simple moving average of $16.17 and a 200-day simple moving average of $19.47.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data 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 net margin of 2.43% and a negative return on equity of 7.86%. The company had revenue of $618.83 million during the quarter, compared to the consensus estimate of $646.70 million. During the same period in the previous year, the company earned ($0.89) earnings per share. Green Plains’s revenue for the quarter was down 27.8% compared to the same quarter last year. On average, equities research analysts forecast that Green Plains Inc. will post -0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Green Plains

Institutional investors have recently modified their holdings of the business. Wolf Hill Capital Management LP grew its position in Green Plains by 3,036.9% during the first 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 stake in 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 purchasing an additional 447,825 shares in the last quarter. Grizzlyrock Capital LLC acquired a new stake in Green Plains during the fourth quarter worth about $10,444,000. Kailix Advisors LLC increased its holdings in Green Plains by 39.8% in the 2nd quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock valued at $22,406,000 after buying an additional 382,517 shares during the period. Finally, Broad Bay Capital Management LP raised its position in shares of Green Plains by 17.6% in the 4th quarter. Broad Bay Capital Management LP now owns 2,352,000 shares of the specialty chemicals company’s stock valued at $59,317,000 after buying an additional 352,000 shares in the last quarter.

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.