Green Plains Renewable Energy Inc. (GPRE) Hits New 1-Year High at $25.33
Green Plains Renewable Energy Inc. (NASDAQ:GPRE)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $25.33 and last traded at $25.05, with a volume of 228,651 shares traded. The stock had previously closed at $24.74.
Separately, Zacks Investment Research raised Green Plains Renewable Energy from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Thursday, July 14th. 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’s stock. Green Plains Renewable Energy has an average rating of “Buy” and a consensus target price of $25.86.
The company’s 50 day moving average is $22.94 and its 200-day moving average is $18.58. The stock’s market capitalization is $963.75 million.
Green Plains Renewable Energy (NASDAQ:GPRE) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.29. During the same quarter in the prior year, the firm earned $0.19 EPS. The firm had revenue of $887.70 million for the quarter, compared to the consensus estimate of $803.62 million. The company’s revenue was up 19.2% on a year-over-year basis. Equities analysts predict that Green Plains Renewable Energy Inc. will post $0.01 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, August 26th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Wednesday, August 24th.
In related news, EVP Michelle Mapes sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $19.50, for a total value of $58,500.00. Following the completion of the sale, the executive vice president now directly owns 56,114 shares in the company, valued at $1,094,223. The sale was disclosed in a filing with the SEC, which is available at this link.
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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