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Green Plains (NASDAQ:GPRE) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Green Plains logo with Basic Materials background

Key Points

  • Green Plains' stock price exceeded its 200-day moving average, trading at $9.02 compared to the average of $6.47, indicating potential bullish sentiment.
  • Oppenheimer upgraded Green Plains to an "outperform" rating with a target price of $14.00, while Bank of America set a lower target of $7.00, reflecting mixed analyst views.
  • In the latest quarterly earnings, Green Plains reported a net loss of ($0.41) EPS, missing expectations and showing a revenue decline of 10.7% year-over-year.
  • MarketBeat previews top five stocks to own in November.

Green Plains, Inc. (NASDAQ:GPRE - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.47 and traded as high as $9.15. Green Plains shares last traded at $9.02, with a volume of 2,463,126 shares traded.

Wall Street Analyst Weigh In

GPRE has been the topic of a number of research reports. Oppenheimer raised Green Plains from a "market perform" rating to an "outperform" rating and set a $14.00 target price on the stock in a research report on Thursday, August 28th. Bank of America reaffirmed an "underperform" rating and set a $7.00 target price (up from $4.50) on shares of Green Plains in a research report on Thursday, August 14th. Finally, Zacks Research raised Green Plains to a "hold" rating in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Green Plains currently has an average rating of "Hold" and a consensus price target of $8.83.

View Our Latest Report on Green Plains

Green Plains Price Performance

The firm has a market capitalization of $591.44 million, a PE ratio of -3.76 and a beta of 1.26. The business has a 50-day moving average of $9.20 and a 200 day moving average of $6.47. The company has a current ratio of 1.47, a quick ratio of 0.94 and a debt-to-equity ratio of 0.58.

Green Plains (NASDAQ:GPRE - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The specialty chemicals company reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of ($0.28) by ($0.13). The company had revenue of $552.83 million during the quarter, compared to analysts' expectations of $578.18 million. Green Plains had a negative net margin of 6.34% and a negative return on equity of 13.65%. The company's quarterly revenue was down 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.38) earnings per share. As a group, research analysts anticipate that Green Plains, Inc. will post -0.5 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Michelle Mapes sold 30,954 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $9.51, for a total value of $294,372.54. Following the completion of the sale, the insider directly owned 60,558 shares of the company's stock, valued at approximately $575,906.58. This represents a 33.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GPRE. Two Sigma Investments LP grew its stake in Green Plains by 52.2% in the 4th quarter. Two Sigma Investments LP now owns 114,001 shares of the specialty chemicals company's stock valued at $1,081,000 after purchasing an additional 39,100 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Green Plains by 69.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 329,863 shares of the specialty chemicals company's stock valued at $3,127,000 after purchasing an additional 135,719 shares during the period. Public Employees Retirement System of Ohio grew its stake in Green Plains by 2,171.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 45,548 shares of the specialty chemicals company's stock valued at $432,000 after purchasing an additional 43,543 shares during the period. GAMMA Investing LLC grew its stake in Green Plains by 193.2% in the 1st quarter. GAMMA Investing LLC now owns 41,138 shares of the specialty chemicals company's stock valued at $200,000 after purchasing an additional 27,106 shares during the period. Finally, Lumbard & Kellner LLC grew its stake in Green Plains by 159.4% in the 1st quarter. Lumbard & Kellner LLC now owns 740,323 shares of the specialty chemicals company's stock valued at $3,591,000 after purchasing an additional 454,882 shares during the period.

Green Plains Company Profile

(Get Free Report)

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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