Green Plains (NASDAQ:GPRE) Downgraded by BidaskClub

BidaskClub cut shares of Green Plains (NASDAQ:GPRE) from a sell rating to a strong sell rating in a research note issued to investors on Wednesday, June 5th, BidAskClub reports.

Several other research firms also recently commented on GPRE. ValuEngine upgraded shares of Green Plains from a sell rating to a hold rating in a research report on Thursday, February 14th. TheStreet upgraded shares of Green Plains from a d+ rating to a c rating in a research report on Monday, February 11th. Zacks Investment Research downgraded shares of Green Plains from a hold rating to a sell rating in a research report on Thursday, March 7th. Finally, Roth Capital dropped their price target on shares of Green Plains from $25.00 to $16.00 and set a buy rating on the stock in a research report on Monday, February 11th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Green Plains has a consensus rating of Hold and an average target price of $17.50.

Shares of Green Plains stock traded up $0.48 during midday trading on Wednesday, hitting $10.78. 925,100 shares of the company traded hands, compared to its average volume of 657,073. The stock has a market capitalization of $440.35 million, a PE ratio of -4.97 and a beta of 1.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.49 and a current ratio of 1.41. The business has a fifty day simple moving average of $13.32. Green Plains has a 12 month low of $10.18 and a 12 month high of $19.39.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Wednesday, May 8th. The specialty chemicals company reported ($1.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.68). Green Plains had a negative net margin of 0.08% and a negative return on equity of 10.48%. The company had revenue of $642.30 million for the quarter, compared to the consensus estimate of $779.84 million. During the same period last year, the firm posted ($0.60) earnings per share. The company’s revenue for the quarter was down 38.6% compared to the same quarter last year. As a group, equities research analysts predict that Green Plains will post -0.95 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 24th were given a $0.12 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.45%. Green Plains’s dividend payout ratio (DPR) is currently -22.12%.

In other news, Director Alain Treuer sold 5,270 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $13.06, for a total value of $68,826.20. Following the transaction, the director now owns 329,173 shares in the company, valued at approximately $4,298,999.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.70% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in GPRE. Norges Bank bought a new stake in Green Plains during the 4th quarter valued at $9,877,000. Highbridge Capital Management LLC bought a new stake in Green Plains during the 4th quarter valued at $8,731,000. Donald Smith & CO. Inc. bought a new stake in Green Plains during the 1st quarter valued at $4,055,000. Penn Capital Management Co. Inc. bought a new stake in shares of Green Plains in the 4th quarter worth $2,684,000. Finally, Citigroup Inc. grew its stake in shares of Green Plains by 1,628.8% in the 4th quarter. Citigroup Inc. now owns 133,773 shares of the specialty chemicals company’s stock worth $1,753,000 after acquiring an additional 126,035 shares in the last quarter. Institutional investors own 99.25% of the company’s stock.

About Green Plains

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates in four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.

Further Reading: Hedge Funds

Receive News & Ratings for Green Plains Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Plains and related companies with MarketBeat.com's FREE daily email newsletter.