Green Plains (NASDAQ:GPRE) Shares Up 4.7%

Green Plains Inc. (NASDAQ:GPRE)’s share price rose 4.7% on Friday . The stock traded as high as $22.20 and last traded at $22.13. Approximately 287,222 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 1,171,727 shares. The stock had previously closed at $21.14.

Analyst Ratings Changes

GPRE has been the subject of several research reports. The Goldman Sachs Group dropped their target price on shares of Green Plains from $39.00 to $34.00 and set a “buy” rating for the company in a report on Tuesday, January 30th. Roth Mkm reiterated a “buy” rating and issued a $55.00 target price on shares of Green Plains in a report on Monday, March 25th. UBS Group dropped their target price on shares of Green Plains from $33.50 to $31.00 and set a “buy” rating for the company in a report on Monday, March 4th. TheStreet downgraded shares of Green Plains from a “c-” rating to a “d+” rating in a report on Wednesday, February 7th. Finally, Truist Financial reiterated a “buy” rating and issued a $35.00 target price on shares of Green Plains in a report on Tuesday, March 26th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.40.

Green Plains Trading Up 5.2 %

The company’s 50 day simple moving average is $22.09 and its 200 day simple moving average is $24.02. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -13.05 and a beta of 1.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.90 and a quick ratio of 1.34.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Wednesday, February 7th. The specialty chemicals company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.04). The business had revenue of $712.39 million during the quarter, compared to analyst estimates of $782.01 million. Green Plains had a negative return on equity of 9.67% and a negative net margin of 2.83%. The business’s revenue was down 22.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.66) EPS. As a group, research analysts expect that Green Plains Inc. will post 0.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Ejnar A. Knudsen III bought 4,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average price of $24.73 per share, for a total transaction of $98,920.00. Following the completion of the purchase, the director now owns 40,913 shares in the company, valued at approximately $1,011,778.49. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Green Plains

Institutional investors and hedge funds have recently modified their holdings of the company. Algert Global LLC acquired a new position in shares of Green Plains during the third quarter worth $848,000. Seven Eight Capital LP acquired a new position in shares of Green Plains during the third quarter worth $246,000. Tudor Investment Corp Et Al acquired a new position in Green Plains in the third quarter valued at $4,475,000. Charles Schwab Investment Management Inc. boosted its stake in Green Plains by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 761,542 shares of the specialty chemicals company’s stock valued at $22,922,000 after acquiring an additional 23,923 shares in the last quarter. Finally, Kailix Advisors LLC boosted its stake in Green Plains by 17.1% in the third quarter. Kailix Advisors LLC now owns 513,206 shares of the specialty chemicals company’s stock valued at $15,448,000 after acquiring an additional 75,100 shares in the last quarter.

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.