Green Plains (NASDAQ:GPRE) Rating Reiterated by Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Green Plains (NASDAQ:GPRE) in a research report report published on Monday morning, Benzinga reports. They currently have a $55.00 price target on the specialty chemicals company’s stock.

Other analysts have also issued reports about the company. The Goldman Sachs Group cut their price target on Green Plains from $39.00 to $34.00 and set a buy rating on the stock in a report on Tuesday, January 30th. TheStreet downgraded Green Plains from a c- rating to a d+ rating in a research report on Wednesday, February 7th. Truist Financial decreased their price target on shares of Green Plains from $40.00 to $35.00 and set a buy rating for the company in a research note on Tuesday, January 23rd. Finally, UBS Group cut their price objective on shares of Green Plains from $33.50 to $31.00 and set a buy rating on the stock in a research report on Monday, March 4th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Green Plains presently has an average rating of Moderate Buy and a consensus target price of $36.67.

Green Plains Stock Performance

Shares of NASDAQ:GPRE opened at $22.45 on Monday. The firm’s 50 day simple moving average is $21.59 and its 200 day simple moving average is $25.02. Green Plains has a fifty-two week low of $19.44 and a fifty-two week high of $36.02. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -13.86 and a beta of 1.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.90 and a quick ratio of 1.34.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Wednesday, February 7th. The specialty chemicals company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.04). Green Plains had a negative return on equity of 9.67% and a negative net margin of 2.83%. The business had revenue of $712.39 million for the quarter, compared to analyst estimates of $782.01 million. During the same period in the previous year, the business posted ($0.66) EPS. The business’s quarterly revenue was down 22.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Green Plains will post 0.78 earnings per share for the current year.

Insider Buying and Selling at Green Plains

In other news, Director Ejnar A. Knudsen III acquired 4,000 shares of Green Plains stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average price of $24.73 per share, for a total transaction of $98,920.00. Following the transaction, the director now directly owns 40,913 shares of the company’s stock, valued at approximately $1,011,778.49. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.20% of the company’s stock.

Institutional Trading of Green Plains

Hedge funds have recently made changes to their positions in the company. Quest Partners LLC acquired a new position in shares of Green Plains in the fourth quarter valued at approximately $26,000. Pinebridge Investments L.P. acquired a new position in Green Plains in the 2nd quarter valued at approximately $33,000. Covestor Ltd increased its position in Green Plains by 8,023.1% in the 1st quarter. Covestor Ltd now owns 1,056 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 1,043 shares during the period. Advisors Asset Management Inc. bought a new position in shares of Green Plains during the first quarter valued at $46,000. Finally, Natixis acquired a new position in shares of Green Plains during the second quarter worth $58,000.

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.