Green Plains (NASDAQ:GPRE) Downgraded by Oppenheimer

Oppenheimer downgraded shares of Green Plains (NASDAQ:GPRE) from an outperform rating to a market perform rating in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports.

A number of other research firms have also commented on GPRE. Truist Financial restated a buy rating and issued a $25.00 price objective (down from $30.00) on shares of Green Plains in a research report on Monday, August 5th. Roth Mkm lowered their price target on Green Plains from $55.00 to $40.00 and set a buy rating on the stock in a report on Monday, May 6th. StockNews.com lowered Green Plains from a hold rating to a sell rating in a report on Monday, May 6th. Craig Hallum lowered their target price on shares of Green Plains from $37.00 to $34.00 and set a buy rating on the stock in a research note on Monday, May 6th. Finally, UBS Group cut their price target on shares of Green Plains from $31.00 to $28.00 and set a buy rating for the company in a research note on Monday, May 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Green Plains currently has a consensus rating of Moderate Buy and a consensus target price of $26.78.

Green Plains Stock Performance

Shares of GPRE stock traded down $1.00 during trading hours on Wednesday, hitting $13.21. 1,230,765 shares of the company were exchanged, compared to its average volume of 1,146,968. The company has a current ratio of 1.75, a quick ratio of 1.18 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $853.62 million, a price-to-earnings ratio of -10.74 and a beta of 1.58. The firm has a fifty day simple moving average of $16.04 and a 200 day simple moving average of $19.39. Green Plains has a 52-week low of $12.77 and a 52-week high of $34.62.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.35). Green Plains had a negative return on equity of 7.86% and a negative net margin of 2.43%. The firm had revenue of $618.83 million for the quarter, compared to the consensus estimate of $646.70 million. During the same quarter in the previous year, the company posted ($0.89) EPS. The firm’s revenue was down 27.8% compared to the same quarter last year. Research analysts predict that Green Plains will post -0.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Lumbard & Kellner LLC purchased a new stake in Green Plains during the 2nd quarter valued at $4,685,000. Highland Peak Capital LLC increased its stake in shares of Green Plains by 48.1% during the second quarter. Highland Peak Capital LLC now owns 319,465 shares of the specialty chemicals company’s stock valued at $5,067,000 after buying an additional 103,725 shares during the period. William Blair Investment Management LLC lifted its stake in Green Plains by 3.6% in the second quarter. William Blair Investment Management LLC now owns 1,870,698 shares of the specialty chemicals company’s stock worth $29,669,000 after acquiring an additional 65,637 shares during the period. American Century Companies Inc. increased its position in Green Plains by 287.6% during the 2nd quarter. American Century Companies Inc. now owns 332,586 shares of the specialty chemicals company’s stock valued at $5,275,000 after purchasing an additional 246,773 shares during the period. Finally, Kailix Advisors LLC raised its holdings in Green Plains by 39.8% in the 2nd quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock worth $22,406,000 after purchasing an additional 382,517 shares in the last quarter.

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.