Green Plains (NASDAQ:GPRE) Shares Down 6.9% - Should You Sell?

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) was down 6.9% on Monday . The stock traded as low as $9.98 and last traded at $9.91. Approximately 535,251 shares were traded during trading, a decline of 72% from the average daily volume of 1,883,608 shares. The stock had previously closed at $10.64.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GPRE shares. Bank of America restated an "underperform" rating and set a $7.00 price objective (up previously from $4.50) on shares of Green Plains in a report on Thursday, August 14th. BMO Capital Markets cut their price target on shares of Green Plains from $8.00 to $7.00 and set a "market perform" rating for the company in a research note on Monday, May 12th. Zacks Research raised shares of Green Plains to a "hold" rating in a research note on Monday, August 11th. Finally, Oppenheimer raised shares of Green Plains from a "market perform" rating to an "outperform" rating and set a $14.00 target price on the stock in a research note on Thursday, August 28th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $8.83.

Green Plains Trading Down 4.2%

The company has a current ratio of 1.47, a quick ratio of 0.94 and a debt-to-equity ratio of 0.58. The firm has a market cap of $668.36 million, a P/E ratio of -4.25 and a beta of 1.21. The business's 50-day moving average is $8.42 and its two-hundred day moving average is $5.99.

Green Plains (NASDAQ:GPRE - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The specialty chemicals company reported ($0.41) earnings per share 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 during the quarter, compared to analyst estimates of $578.18 million. During the same period in the prior year, the company posted ($0.38) earnings per share. The company's revenue was down 10.7% on a year-over-year basis. As a group, analysts expect that Green Plains, Inc. will post -0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Green Plains

Several large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its stake in Green Plains by 46.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,789 shares of the specialty chemicals company's stock valued at $35,000 after buying an additional 1,838 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Green Plains by 54.6% during the first quarter. PNC Financial Services Group Inc. now owns 8,503 shares of the specialty chemicals company's stock valued at $41,000 after acquiring an additional 3,002 shares in the last quarter. AlphaQuest LLC raised its holdings in Green Plains by 115.2% during the 1st quarter. AlphaQuest LLC now owns 8,981 shares of the specialty chemicals company's stock valued at $44,000 after buying an additional 4,808 shares during the last quarter. Brooklyn Investment Group grew its position 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 buying an additional 8,953 shares during the period. Finally, WealthPlan Investment Management LLC bought a new position in shares of Green Plains in the 1st quarter worth approximately $49,000.

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.

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