Green Plains (NASDAQ:GPRE) Sets New 12-Month High – What’s Next?

Green Plains, Inc. (NASDAQ:GPRE) reached a new 52-week high on Friday . The company traded as high as $15.66 and last traded at $15.50, with a volume of 385977 shares trading hands. The stock had previously closed at $15.51.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. UBS Group upped their price objective on Green Plains from $7.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Zacks Research downgraded Green Plains from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Roth Mkm cut shares of Green Plains from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research report on Thursday, November 6th. BMO Capital Markets boosted their price objective on shares of Green Plains from $12.00 to $14.00 and gave the stock a “market perform” rating in a report on Friday, February 6th. Finally, Wall Street Zen raised shares of Green Plains from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Green Plains currently has a consensus rating of “Hold” and an average price target of $12.25.

Green Plains Stock Performance

The business’s fifty day simple moving average is $12.29 and its 200-day simple moving average is $10.77. The firm has a market cap of $1.10 billion, a P/E ratio of -8.32, a price-to-earnings-growth ratio of 0.70 and a beta of 1.46. The company has a current ratio of 1.79, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47.

Green Plains (NASDAQ:GPRE) last posted its earnings results on Thursday, February 5th. The specialty chemicals company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.10. The company had revenue of $428.85 million during the quarter, compared to analyst estimates of $536.56 million. Green Plains had a negative net margin of 5.80% and a negative return on equity of 8.70%. Green Plains’s revenue for the quarter was down 26.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.86) earnings per share. As a group, sell-side analysts expect that Green Plains, Inc. will post -0.5 earnings per share for the current year.

Hedge Funds Weigh In On Green Plains

Several hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of Green Plains by 192.2% during the third quarter. GAMMA Investing LLC now owns 4,547 shares of the specialty chemicals company’s stock valued at $40,000 after acquiring an additional 2,991 shares in the last quarter. Quarry LP purchased a new position in shares of Green Plains during the third quarter valued at about $67,000. Marex Group plc bought a new position in Green Plains in the fourth quarter worth about $98,000. Virtus Advisers LLC bought a new position in shares of Green Plains in the 4th quarter worth approximately $98,000. Finally, WINTON GROUP Ltd purchased a new position in shares of Green Plains in the 2nd quarter valued at approximately $61,000.

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.