Weiss Ratings Reiterates Sell (D-) Rating for Green Plains (NASDAQ:GPRE)

Key Points

• Weiss Ratings has reaffirmed a "sell (D-)" rating for Green Plains (NASDAQ: GPRE), indicating ongoing concerns regarding the company's performance.
• Green Plains reported a loss of $0.41 earnings per share for its latest quarter, which missed analyst expectations and represented a year-over-year revenue decline of 10.7%.
• Despite varying ratings from other brokerages, Green Plains has an average target price of $9.57 and a consensus rating of "Hold."

Green Plains (NASDAQ:GPRE - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other brokerages also recently weighed in on GPRE. Zacks Research upgraded shares of Green Plains to a "hold" rating in a research report on Monday, August 11th. Oppenheimer upgraded shares of Green Plains from a "market perform" rating to an "outperform" rating and set a $14.00 price objective on the stock in a research report on Thursday, August 28th. Tudor, Pickering, Holt & Co. upgraded shares of Green Plains from a "hold" rating to a "buy" rating and set a $14.00 price objective on the stock in a research report on Monday. Bank of America restated an "underperform" rating and set a $7.00 price target (up from $4.50) on shares of Green Plains in a research report on Thursday, August 14th. Finally, Tudor Pickering upgraded shares of Green Plains from a "hold" rating to a "strong-buy" rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Green Plains has an average rating of "Hold" and an average target price of $9.57.

Green Plains Trading Up 2.8%

NASDAQ GPRE opened at $10.28 on Wednesday. Green Plains has a one year low of $3.14 and a one year high of $14.04. The company has a 50-day simple moving average of $9.34 and a 200-day simple moving average of $6.63. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.94 and a current ratio of 1.47. The firm has a market capitalization of $674.01 million, a PE ratio of -4.28 and a beta of 1.26.

Green Plains (NASDAQ:GPRE - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The specialty chemicals company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.13). The business had revenue of $552.83 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the firm posted ($0.38) earnings per share. On average, equities analysts forecast that Green Plains will post -0.5 earnings per share for the current year.

Insider Activity

In other Green Plains news, insider Michelle Mapes sold 30,954 shares of the company's 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 transaction, the insider owned 60,558 shares of the company's stock, valued at approximately $575,906.58. This represents a 33.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Green Plains by 193.2% in the first quarter. GAMMA Investing LLC now owns 41,138 shares of the specialty chemicals company's stock worth $200,000 after acquiring an additional 27,106 shares in the last quarter. Voleon Capital Management LP acquired a new position in Green Plains during the 1st quarter valued at $358,000. Inspire Investing LLC raised its stake in Green Plains by 52.7% during the 1st quarter. Inspire Investing LLC now owns 70,629 shares of the specialty chemicals company's stock valued at $343,000 after purchasing an additional 24,388 shares during the last quarter. AE Wealth Management LLC acquired a new position in shares of Green Plains in the 1st quarter valued at $141,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Green Plains by 2,026.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 295,606 shares of the specialty chemicals company's stock valued at $1,434,000 after buying an additional 281,706 shares in the last quarter.

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.

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