Oppenheimer Lowers Green Plains (NASDAQ:GPRE) Price Target to $21.00

Green Plains (NASDAQ:GPRE) had its price objective reduced by equities researchers at Oppenheimer from $28.00 to $21.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the specialty chemicals company’s stock. Oppenheimer’s target price points to a potential upside of 27.20% from the stock’s current price.

Several other brokerages have also commented on GPRE. BMO Capital Markets cut their target price on Green Plains from $25.00 to $22.00 and set a “market perform” rating on the stock in a research report on Monday, May 6th. Truist Financial restated a “buy” rating and set a $35.00 price target on shares of Green Plains in a report on Tuesday, March 26th. Roth Mkm lowered their price objective on shares of Green Plains from $55.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, May 6th. Stephens reissued an “equal weight” rating and set a $24.00 target price on shares of Green Plains in a research note on Tuesday, May 7th. Finally, Bank of America reduced their price target on shares of Green Plains from $29.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.33.

Green Plains Trading Down 0.5 %

NASDAQ GPRE opened at $16.51 on Monday. The company has a market cap of $1.07 billion, a price-to-earnings ratio of -13.42 and a beta of 1.58. Green Plains has a twelve month low of $14.35 and a twelve month high of $36.02. The company has a quick ratio of 1.18, a current ratio of 1.75 and a debt-to-equity ratio of 0.54. The business’s fifty day moving average is $16.59 and its 200 day moving average is $19.87.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings results on Friday, May 3rd. The specialty chemicals company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.48). The business had revenue of $597.20 million for the quarter, compared to the consensus estimate of $654.40 million. Green Plains had a negative net margin of 2.43% and a negative return on equity of 7.86%. Green Plains’s revenue was down 28.3% on a year-over-year basis. During the same period in the previous year, the business posted ($1.20) EPS. As a group, sell-side analysts expect that Green Plains will post -0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Green Plains

Several institutional investors have recently bought and sold shares of GPRE. Quest Partners LLC bought a new stake in Green Plains during the 4th quarter valued at $26,000. Headlands Technologies LLC purchased a new stake in shares of Green Plains during the fourth quarter worth about $88,000. Crewe Advisors LLC bought a new stake in shares of Green Plains in the first quarter worth about $150,000. Cape Investment Advisory Inc. purchased a new position in Green Plains during the 4th quarter valued at about $196,000. Finally, Virtu Financial LLC bought a new position in Green Plains during the 4th quarter valued at approximately $234,000.

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.