Green Plains (NASDAQ:GPRE) Shares Down 6.9% - What's Next?

Key Points

• Green Plains (NASDAQ: GPRE) shares dropped 6.9% to $9.91, with trading volume at approximately 72% below the average daily volume.
• Analysts have mixed ratings on GPRE, with two ratings as Buy, five as Hold, and one as Sell; the average price target is $8.83.
• In its latest earnings report, Green Plains reported earnings of ($0.41) per share, missing consensus estimates, with a revenue decline of 10.7% year-over-year.

Green Plains, Inc. (NASDAQ:GPRE - Get Free Report)'s stock price was down 6.9% on Monday . The stock traded as low as $9.98 and last traded at $9.91. Approximately 535,251 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 1,883,608 shares. The stock had previously closed at $10.64.

Analysts Set New Price Targets

Several analysts recently weighed in on GPRE shares. Zacks Research raised Green Plains to a "hold" rating in a research note on Monday, August 11th. Oppenheimer raised Green Plains from a "market perform" rating to an "outperform" rating and set a $14.00 price target on the stock in a research note on Thursday, August 28th. Finally, Bank of America reissued an "underperform" rating and set a $7.00 price target (up from $4.50) on shares of Green Plains in a research note on Thursday, August 14th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $8.83.

Green Plains Stock Down 1.4%

The company has a debt-to-equity ratio of 0.58, a current ratio of 1.47 and a quick ratio of 0.94. The company has a market capitalization of $631.44 million, a P/E ratio of -4.01 and a beta of 1.22. The stock has a 50-day moving average price of $8.76 and a 200-day moving average price of $6.11.

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

Institutional Investors Weigh In On Green Plains

A number of hedge funds have recently added to or reduced their stakes in GPRE. Public Employees Retirement System of Ohio increased its holdings in Green Plains by 46.5% in the second quarter. Public Employees Retirement System of Ohio now owns 5,789 shares of the specialty chemicals company's stock worth $35,000 after purchasing an additional 1,838 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Green Plains by 54.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,503 shares of the specialty chemicals company's stock worth $41,000 after purchasing an additional 3,002 shares in the last quarter. AlphaQuest LLC lifted its holdings in shares of Green Plains by 115.2% in the 1st quarter. AlphaQuest LLC now owns 8,981 shares of the specialty chemicals company's stock worth $44,000 after purchasing an additional 4,808 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of Green Plains by 2,313.4% in the 1st quarter. Brooklyn Investment Group now owns 9,340 shares of the specialty chemicals company's stock worth $45,000 after purchasing an additional 8,953 shares in the last quarter. Finally, WealthPlan Investment Management LLC bought a new position in shares of Green Plains in the 1st quarter worth $49,000.

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.