Green Plains (NASDAQ:GPRE) Stock Price Down 6.2% – Should You Sell?

Shares of Green Plains Inc. (NASDAQ:GPRE) were down 6.2% during trading on Tuesday . The company traded as low as $11.43 and last traded at $11.43. Approximately 611,965 shares were traded during trading, a decline of 44% from the average daily volume of 1,084,285 shares. The stock had previously closed at $12.18.

Analyst Ratings Changes

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

Green Plains Stock Up 5.1 %

The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.11 and a current ratio of 1.68. The stock has a fifty day moving average price of $12.89 and a 200-day moving average price of $15.76. The firm has a market cap of $790.73 million, a PE ratio of -18.31 and a beta of 1.52.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.35). The business had revenue of $618.83 million during the quarter, compared to analyst estimates of $646.70 million. Green Plains had a negative net margin of 1.64% and a negative return on equity of 4.94%. Green Plains’s revenue was down 27.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.89) earnings per share. Research analysts expect that Green Plains Inc. will post -1.05 EPS for the current year.

Hedge Funds Weigh In On Green Plains

Several hedge funds have recently added to or reduced their stakes in GPRE. Vanguard Group Inc. grew its holdings in Green Plains by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 4,213,549 shares of the specialty chemicals company’s stock valued at $106,266,000 after buying an additional 53,320 shares in the last quarter. Clifford Capital Partners LLC bought a new stake in Green Plains during the 1st quarter worth $7,688,000. Thomist Capital Management LP acquired a new position in Green Plains in the 2nd quarter worth about $1,011,000. Swiss National Bank raised its position in Green Plains by 14.1% in the first quarter. Swiss National Bank now owns 120,400 shares of the specialty chemicals company’s stock valued at $2,784,000 after purchasing an additional 14,900 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Green Plains by 278.7% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 140,500 shares of the specialty chemicals company’s stock valued at $2,228,000 after purchasing an additional 103,400 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.