Green Plains (NASDAQ:GPRE) Reaches New 12-Month Low – What’s Next?

Shares of Green Plains Inc. (NASDAQ:GPRE) hit a new 52-week low on Wednesday . The company traded as low as $6.10 and last traded at $6.20, with a volume of 2690614 shares changing hands. The stock had previously closed at $6.51.

Analysts Set New Price Targets

A number of brokerages have issued reports on GPRE. Truist Financial decreased their target price on Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. BMO Capital Markets lowered their target price on shares of Green Plains from $13.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday. StockNews.com cut shares of Green Plains from a “hold” rating to a “sell” rating in a report on Monday. Finally, Stephens raised Green Plains to a “hold” rating in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $23.31.

Green Plains Price Performance

The company’s 50 day moving average is $9.57 and its two-hundred day moving average is $11.77. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.16.

Green Plains (NASDAQ:GPRE) last issued its earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative return on equity of 4.81% and a negative net margin of 0.79%. During the same period in the prior year, the firm earned $0.13 earnings per share. As a group, sell-side analysts anticipate that Green Plains Inc. will post -1.02 earnings per share for the current year.

Institutional Investors Weigh In On Green Plains

Institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its holdings in shares of Green Plains by 433.3% in the 4th quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 2,717 shares during the last quarter. Quest Partners LLC bought a new stake in Green Plains during the 3rd quarter worth about $52,000. KBC Group NV increased its holdings in shares of Green Plains by 120.7% in the fourth quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock valued at $58,000 after purchasing an additional 3,320 shares in the last quarter. nVerses Capital LLC acquired a new position in Green Plains during the 3rd quarter worth $65,000. Finally, Cape Investment Advisory Inc. increased its stake in shares of Green Plains by 340.6% in the 4th quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company’s stock valued at $67,000 after buying an additional 5,450 shares during the period.

Green Plains Company Profile

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.