News coverage about Green Plains (NASDAQ:GPRE) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Green Plains earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned media coverage about the specialty chemicals company an impact score of 45.9276432611757 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Comparing Green Plains (GPRE) and Pacific Ethanol (PEIX) (americanbankingnews.com)
- Insider Buying: Green Plains Inc (GPRE) Director Purchases 15,483 Shares of Stock (americanbankingnews.com)
- Green Plains Sees Unusually High Options Volume (GPRE) (americanbankingnews.com)
- Contrasting Green Plains (GPRE) and Pacific Ethanol (PEIX) (americanbankingnews.com)
- Green Plains Inc (GPRE) Expected to Post Quarterly Sales of $993.05 Million (americanbankingnews.com)
Several brokerages have issued reports on GPRE. ValuEngine raised Green Plains from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. BidaskClub lowered Green Plains from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Zacks Investment Research raised Green Plains from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Piper Jaffray Companies set a $19.00 price target on Green Plains and gave the company a “hold” rating in a research note on Friday, October 6th. Finally, Roth Capital set a $25.00 price objective on Green Plains and gave the company a “buy” rating in a report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. Green Plains currently has a consensus rating of “Hold” and a consensus target price of $25.33.
Green Plains (NASDAQ:GPRE) last released its quarterly earnings data on Wednesday, November 1st. The specialty chemicals company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.47). The firm had revenue of $901.20 million for the quarter, compared to the consensus estimate of $933.36 million. Green Plains had a net margin of 0.92% and a negative return on equity of 0.88%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 EPS. sell-side analysts expect that Green Plains will post -0.66 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 27th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 24th. This represents a $0.48 annualized dividend and a dividend yield of 2.85%. Green Plains’s dividend payout ratio is 67.61%.
In related news, Director Wayne Hoovestol purchased 102,653 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was acquired at an average price of $16.37 per share, for a total transaction of $1,680,429.61. Following the completion of the acquisition, the director now owns 218,277 shares of the company’s stock, valued at approximately $3,573,194.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John W. Neppl purchased 30,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average price of $16.78 per share, with a total value of $503,400.00. Following the acquisition, the chief financial officer now directly owns 38,474 shares of the company’s stock, valued at approximately $645,593.72. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 148,136 shares of company stock valued at $2,439,918. Corporate insiders own 6.40% of the company’s stock.
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About Green Plains
Green Plains Inc is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.
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