Green Plains Renewable Energy Inc. (GPRE) Trading Up 4.7%
Shares of Green Plains Renewable Energy Inc. (NASDAQ:GPRE) were up 4.7% during mid-day trading on Thursday . The company traded as high as $22.79 and last traded at $22.69, with a volume of 983,539 shares. The stock had previously closed at $21.67.
A number of analysts have recently issued reports on GPRE shares. Zacks Investment Research upgraded shares of Green Plains Renewable Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. Jefferies Group restated a “buy” rating on shares of Green Plains Renewable Energy in a research note on Tuesday, May 3rd. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $25.86.
The firm has a 50 day moving average of $21.21 and a 200 day moving average of $17.70. The firm’s market capitalization is $857.81 million.
Green Plains Renewable Energy (NASDAQ:GPRE) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.29. The business had revenue of $887.70 million for the quarter, compared to the consensus estimate of $803.62 million. During the same quarter last year, the firm posted $0.19 EPS. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. On average, equities analysts expect that Green Plains Renewable Energy Inc. will post $0.22 earnings per share for the current fiscal year.
In other Green Plains Renewable Energy news, EVP Michelle Mapes sold 3,000 shares of the business’s stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $19.50, for a total transaction of $58,500.00. Following the completion of the sale, the executive vice president now owns 56,114 shares in the company, valued at approximately $1,094,223. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Walter S. Cronin sold 3,701 shares of the company’s stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $18.92, for a total transaction of $70,022.92. Following the completion of the sale, the executive vice president now owns 47,273 shares of the company’s stock, valued at approximately $894,405.16. The disclosure for this sale can be found here.
Other hedge funds have recently bought and sold shares of the company. Morgan Stanley raised its stake in Green Plains Renewable Energy by 53.5% in the fourth quarter. Morgan Stanley now owns 1,343,311 shares of the company’s stock valued at $30,761,000 after buying an additional 468,317 shares during the last quarter. Marshall Wace LLP purchased a new stake in Green Plains Renewable Energy during the fourth quarter valued at about $6,173,000. GSA Capital Partners LLP raised its stake in Green Plains Renewable Energy by 4.9% in the fourth quarter. GSA Capital Partners LLP now owns 52,672 shares of the company’s stock valued at $1,206,000 after buying an additional 2,438 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Green Plains Renewable Energy by 3.6% in the fourth quarter. Rhumbline Advisers now owns 58,915 shares of the company’s stock valued at $1,349,000 after buying an additional 2,070 shares during the last quarter.
Green Plains Inc (Green Plains) is a vertically integrated producer, marketer and distributor of ethanol. The Company operates through four segments: Ethanol Production, Agribusiness, Marketing and Distribution, and Partnership. The Company’s ethanol production segment is engaged in the production of ethanol and related distillers grain.
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