Green Plains Renewable Energy Inc. (GPRE) Hits New 1-Year High at $24.75
Green Plains Renewable Energy Inc. (NASDAQ:GPRE) reached a new 52-week high on Tuesday . The company traded as high as $24.75 and last traded at $24.68, with a volume of 720,328 shares traded. The stock had previously closed at $23.44.
A number of equities research analysts have weighed in on GPRE shares. Jefferies Group reissued a “buy” rating on shares of Green Plains Renewable Energy in a report on Tuesday, May 3rd. Zacks Investment Research raised shares of Green Plains Renewable Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 3rd. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $25.86.
The stock has a 50-day moving average price of $22.36 and a 200 day moving average price of $18.10. The stock’s market cap is $915.56 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 the Thomson Reuters’ 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 period last year, the company earned $0.19 earnings per share. The firm’s revenue was up 19.2% on a year-over-year basis. Analysts forecast that Green Plains Renewable Energy Inc. will post $0.01 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, August 26th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Wednesday, August 24th.
In other 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 transaction of $58,500.00. Following the transaction, the executive vice president now owns 56,114 shares of the company’s stock, valued at approximately $1,094,223. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Walter S. Cronin sold 3,701 shares of the business’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $18.92, for a total value of $70,022.92. Following the transaction, the executive vice president now directly owns 47,273 shares in the company, valued at approximately $894,405.16. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Green Plains Renewable Energy stock. Rhumbline Advisers increased its stake in shares of Green Plains Renewable Energy Inc. (NASDAQ:GPRE) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,915 shares of the company’s stock after buying an additional 2,070 shares during the period. Rhumbline Advisers owned about 0.16% of Green Plains Renewable Energy worth $1,349,000 at the end of the most recent 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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