The stock of Green Plains Inc (NASDAQ:GPRE) is a huge mover today! About 577,318 shares traded hands. Green Plains Inc (NASDAQ:GPRE) has risen 91.87% since March 1, 2016 and is uptrending. It has outperformed by 82.63% the S&P500.
The move comes after 9 months positive chart setup for the $1.04 billion company. It was reported on Oct, 4 by Barchart.com. We have $39.05 PT which if reached, will make NASDAQ:GPRE worth $436.80 million more.
Analysts await Green Plains Inc (NASDAQ:GPRE) to report earnings on November, 7. They expect $0.36 earnings per share, up 125.00% or $0.20 from last year’s $0.16 per share. GPRE’s profit will be $13.61 million for 19.10 P/E if the $0.36 EPS becomes a reality. After $0.21 actual earnings per share reported by Green Plains Inc for the previous quarter, Wall Street now forecasts 71.43% EPS growth.
Green Plains Inc (NASDAQ:GPRE) Ratings Coverage
Out of 11 analysts covering Green Plains Renewable Energy (NASDAQ:GPRE), 10 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 91% are positive. $35 is the highest target while $16 is the lowest. The $24.42 average target is -11.20% below today’s ($27.5) stock price. Green Plains Renewable Energy has been the topic of 14 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Roth Capital maintained it with “Buy” rating and $35 target price in Monday, November 2 report. On Tuesday, July 21 the stock rating was initiated by Credit Suisse with “Outperform”. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, July 21. The rating was initiated by Robert W. Baird on Tuesday, July 21 with “Outperform”. The firm has “Outperform” rating given on Tuesday, July 21 by RBC Capital Markets. The firm has “Neutral” rating given on Tuesday, July 21 by Macquarie Research. The rating was maintained by Credit Suisse on Wednesday, November 18 with “Outperform”. The rating was initiated by Stephens with “Overweight” on Tuesday, July 21. TH Capital maintained the stock with “Buy” rating in Monday, November 2 report. The stock of Green Plains Inc (NASDAQ:GPRE) earned “Overweight” rating by Barclays Capital on Tuesday, July 21.
According to Zacks Investment Research, “Green Plains Inc. is vertically integrated producer, marketer and distributer of ethanol. The company operates through four segments: Ethanol Production, Corn Oil Production, Agribusiness, and Marketing and Distribution. It produces ethanol and co-products, such as wet, modified wet or dried distillers grains, as well as extracts non-edible corn oil. The company is also involved in buying and selling bulk grain primarily corn and soybeans. Green Plains Inc., formerly known as Green Plains Renewable Energy, Inc., is headquartered in Omaha, Nebraska.”
Insitutional Activity: The institutional sentiment decreased to 0.8 in Q2 2016. Its down 0.34, from 1.14 in 2016Q1. The ratio turned negative, as 25 funds sold all Green Plains Inc shares owned while 51 reduced positions. 15 funds bought stakes while 46 increased positions. They now own 35.70 million shares or 1.26% more from 35.25 million shares in 2016Q1.
Wellington Shields Cap Mgmt Limited Liability last reported 11,000 shares in the company. Blackrock Ltd Liability Corp, a New Jersey-based fund reported 165,520 shares. Sector Pension Inv Board holds 0.01% of its portfolio in Green Plains Inc (NASDAQ:GPRE) for 24,690 shares. Deprince Race Zollo holds 1.84 million shares or 0.73% of its portfolio. Price T Rowe Associates Inc Md holds 13,600 shares or 0% of its portfolio. Engineers Gate Manager L P accumulated 0.1% or 73,422 shares. Deutsche Bank & Trust Ag, a Germany-based fund reported 1.16M shares. Glenmede Na, a Pennsylvania-based fund reported 16 shares. Allianz Asset Management Ag accumulated 14,789 shares or 0% of the stock. Invesco reported 255,497 shares or 0% of all its holdings. Principal Fincl, a Iowa-based fund reported 255,805 shares. Capstone Asset Mgmt Company has invested 0.01% of its portfolio in Green Plains Inc (NASDAQ:GPRE). Panagora Asset Mngmt, a Massachusetts-based fund reported 13,830 shares. Wellington Mngmt Group Ltd Liability Partnership accumulated 116,824 shares or 0% of the stock. Shell Asset Mngmt holds 0% or 3,839 shares in its portfolio.
Insider Transactions: Since May 10, 2016, the stock had 1 insider buy, and 1 insider sale for $27,087 net activity. Shares for $70,023 were sold by Cronin Walter S. Shares for $97,110 were bought by Hoovestol Wayne.
More notable recent Green Plains Inc (NASDAQ:GPRE) news were published by: Reuters.com which released: “BRIEF-Green plains inc enters into a credit agreement to partially fund th…” on October 03, 2016, also Omaha.com with their article: “Green Plains to buy 3 ethanol plants, increasing its production by 20 percent” published on August 23, 2016, Bloomberg.com published: “Green Plains Seeks to Buy Two Ethanol Mills for $200 Million” on June 14, 2016. More interesting news about Green Plains Inc (NASDAQ:GPRE) were released by: Bloomberg.com and their article: “Green Plains May Spend $275 Million to Get Into Food Business” published on August 10, 2016 as well as Seekingalpha.com‘s news article titled: “Why I Ignored The Analysts And Sold My Green Plains Partners Units” with publication date: October 01, 2016.
GPRE Company Profile
Green Plains Inc. (Green Plains), incorporated on June 29, 2004, is a vertically integrated producer, marketer and distributor of ethanol. The Firm operates through four divisions: Ethanol Production, Agribusiness, Marketing and Distribution, and Partnership. The Firm has activities throughout the ethanol value chain, beginning upstream with its grain handling and storage operations, continuing through its ethanol, distiller’s grains and corn oil production operations, and ending downstream with its ethanol marketing, distribution and blending facilities. In addition, the Company owns an ethanol production facility in Hereford, Texas, which includes approximately 100 million gallons yearly of production capacity, a corn oil extraction system and other related assets.
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