Green Plains Renewable Energy Inc. (GPRE) Hits New 12-Month High at $24.75
Shares of Green Plains Renewable Energy Inc. (NASDAQ:GPRE) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $24.75 and last traded at $24.68, with a volume of 720,328 shares changing hands. The stock had previously closed at $23.44.
GPRE has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Green Plains Renewable Energy from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Thursday, July 14th. Jefferies Group restated a “buy” rating on shares of Green Plains Renewable Energy in a research report on Tuesday, May 3rd. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Green Plains Renewable Energy currently has an average rating of “Buy” and a consensus price target of $25.86.
The company has a 50-day moving average price of $22.18 and a 200 day moving average price of $18.01. The stock’s market cap is $955.34 million.
Green Plains Renewable Energy (NASDAQ:GPRE) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.29. The firm had revenue of $887.70 million for the quarter, compared to analysts’ expectations of $803.62 million. During the same quarter in the previous year, the company posted $0.19 EPS. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, August 26th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, August 24th. This represents a $0.48 dividend on an annualized basis and a yield of 2.05%.
In other news, EVP Walter S. Cronin sold 3,701 shares of the stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $18.92, for a total value of $70,022.92. Following the completion of the transaction, the executive vice president now owns 47,273 shares in the company, valued at approximately $894,405.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michelle Mapes sold 3,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 56,114 shares of the company’s stock, valued at approximately $1,094,223. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Green Plains Renewable Energy stock. Rhumbline Advisers increased its position in shares of Green Plains Renewable Energy Inc. (NASDAQ:GPRE) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,915 shares of the company’s stock after buying an additional 2,070 shares during the period. Rhumbline Advisers owned 0.16% of Green Plains Renewable Energy worth $1,349,000 as of its most recent filing with the SEC.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.