Green Plains (NASDAQ:GPRE) Trading Down 7.3% – Should You Sell?

Green Plains Inc. (NASDAQ:GPRE)’s stock price was down 7.3% on Wednesday . The company traded as low as $10.74 and last traded at $10.82. Approximately 393,688 shares were traded during trading, a decline of 64% from the average daily volume of 1,081,600 shares. The stock had previously closed at $11.67.

Analyst Ratings Changes

A number of equities analysts have weighed in on GPRE shares. Oppenheimer cut shares of Green Plains from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 7th. UBS Group reduced their price objective on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a research report on Monday, August 19th. BMO Capital Markets reduced their price objective on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, August 7th. Truist Financial reduced their price objective on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Finally, Craig Hallum reduced their price objective on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, Green Plains currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

Green Plains Trading Up 4.6 %

The stock has a market capitalization of $742.47 million, a PE ratio of -9.43 and a beta of 1.52. The company’s 50 day moving average price is $13.07 and its two-hundred day moving average price is $16.11. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.68 and a quick ratio of 1.11.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.35). Green Plains had a negative return on equity of 4.94% and a negative net margin of 1.64%. The firm had revenue of $618.83 million for the quarter, compared to analyst estimates of $646.70 million. During the same quarter in the previous year, the business posted ($0.89) earnings per share. Green Plains’s revenue for the quarter was down 27.8% on a year-over-year basis. As a group, analysts expect that Green Plains Inc. will post -0.95 earnings per share for the current year.

Institutional Investors Weigh In On Green Plains

Several hedge funds and other institutional investors have recently bought and sold shares of GPRE. Point72 Hong Kong Ltd acquired a new stake in Green Plains during the second quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Green Plains during the second quarter valued at about $41,000. nVerses Capital LLC acquired a new stake in shares of Green Plains during the third quarter valued at about $65,000. Crewe Advisors LLC acquired a new stake in shares of Green Plains during the first quarter valued at about $150,000. Finally, Everence Capital Management Inc. acquired a new stake in shares of Green Plains during the third quarter valued at about $153,000.

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.