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

Shares of Green Plains, Inc. (NASDAQ:GPRE) reached a new 52-week high on Tuesday . The stock traded as high as $12.47 and last traded at $12.4350, with a volume of 447598 shares. The stock had previously closed at $11.64.

Analysts Set New Price Targets

GPRE has been the topic of a number of research analyst reports. Tudor, Pickering, Holt & Co. raised Green Plains from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Monday, October 6th. Bank of America upped their price target on shares of Green Plains from $7.00 to $9.00 and gave the company an “underperform” rating in a report on Tuesday, October 14th. Wall Street Zen upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. UBS Group upped their target price on shares of Green Plains from $7.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Roth Mkm cut Green Plains from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.63.

Green Plains Stock Up 5.5%

The firm’s 50-day simple moving average is $10.44 and its 200 day simple moving average is $9.88. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.68. The stock has a market capitalization of $857.16 million, a P/E ratio of -4.20, a PEG ratio of 1.42 and a beta of 1.54.

Green Plains (NASDAQ:GPRE) last released its earnings results on Wednesday, November 5th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.48. The business had revenue of $508.49 million for the quarter, compared to the consensus estimate of $583.55 million. Green Plains had a negative return on equity of 16.78% and a negative net margin of 8.37%.Green Plains’s quarterly revenue was down 22.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 earnings per share. As a group, research analysts expect that Green Plains, Inc. will post -0.5 EPS for the current year.

Institutional Trading of Green Plains

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clifford Capital Partners LLC boosted its stake in shares of Green Plains by 201.2% during the 2nd quarter. Clifford Capital Partners LLC now owns 1,386,961 shares of the specialty chemicals company’s stock worth $8,363,000 after acquiring an additional 926,553 shares during the period. Jefferies Financial Group Inc. bought a new position in Green Plains during the second quarter worth $197,000. Envestnet Asset Management Inc. increased its holdings in shares of Green Plains by 112.6% in the second quarter. Envestnet Asset Management Inc. now owns 85,720 shares of the specialty chemicals company’s stock valued at $517,000 after purchasing an additional 45,397 shares during the last quarter. CenterBook Partners LP raised its position in shares of Green Plains by 76.3% in the second quarter. CenterBook Partners LP now owns 1,165,273 shares of the specialty chemicals company’s stock valued at $7,027,000 after purchasing an additional 504,433 shares during the period. Finally, AXQ Capital LP acquired a new stake in shares of Green Plains during the 2nd quarter worth about $314,000.

About Green Plains

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.