Green Plains, Inc. (NASDAQ:GPRE – Get Free Report)’s stock price shot up 5.6% on Tuesday. The company traded as high as $15.20 and last traded at $15.4230. 332,651 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 1,509,109 shares. The stock had previously closed at $14.60.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. BMO Capital Markets reaffirmed a “market perform” rating on shares of Green Plains in a research note on Friday, August 7th. Zacks Research upgraded Green Plains from a “strong sell” rating to a “hold” rating in a research note on Monday, September 21st. Weiss Ratings upgraded Green Plains from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. UBS Group reaffirmed a “neutral” rating on shares of Green Plains in a research note on Tuesday, August 25th. Finally, Wall Street Zen upgraded shares of Green Plains from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Two investment 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 data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $15.67.
View Our Latest Stock Analysis on Green Plains
Green Plains Trading Up 6.3%
Green Plains (NASDAQ:GPRE – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The specialty chemicals company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.29. The company had revenue of $446.22 million during the quarter, compared to analysts’ expectations of $542.38 million. Green Plains had a return on equity of 14.52% and a net margin of 6.78%. During the same period in the prior year, the firm earned ($1.09) earnings per share. Research analysts forecast that Green Plains, Inc. will post 2.04 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Green Plains
Several institutional investors have recently made changes to their positions in GPRE. Nykredit A S acquired a new stake in shares of Green Plains during the 2nd quarter worth $27,000. Integrated Wealth Concepts LLC bought a new position in Green Plains in the second quarter valued at about $28,000. Quantinno Capital Management LP increased its position in Green Plains by 4.8% in the 1st quarter. Quantinno Capital Management LP now owns 52,798 shares of the specialty chemicals company’s stock valued at $869,000 after acquiring an additional 2,426 shares during the period. Headlands Technologies LLC lifted its holdings in Green Plains by 16.6% during the 2nd quarter. Headlands Technologies LLC now owns 26,860 shares of the specialty chemicals company’s stock worth $413,000 after buying an additional 3,817 shares during the period. Finally, Amundi lifted its position in shares of Green Plains by 32.8% in the 1st quarter. Amundi now owns 39,520 shares of the specialty chemicals company’s stock worth $650,000 after purchasing an additional 9,766 shares during the period.
Green Plains Company Profile
Green Plains Inc is a biorefining company headquartered in Omaha, Nebraska. Founded in 2006, the company develops and operates renewable-fuel and ingredient production facilities that process corn into ethanol and other value-added products.
Its principal products include low-carbon renewable ethanol, renewable corn oil, distillers grains and other feed ingredients used in livestock and aquaculture markets. Green Plains has also developed higher-protein feed products and technologies designed to improve the efficiency and environmental performance of its biorefineries.
The company operates facilities primarily in the U.S.
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