Could Green Plains Inc Lose Strenght? Option Traders Don’t Think So

 Could Green Plains Inc Lose Strenght? Option Traders Don't Think So

In today’s session Green Plains Inc (GPRE) registered an unusually high (156) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious GPRE increase. With 156 contracts traded and 16164 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: GPRE161021C00028000 closed last at: $0.45 or 40% down. About 68,441 shares traded hands. Green Plains Inc (NASDAQ:GPRE) has risen 73.22% since March 11, 2016 and is uptrending. It has outperformed by 67.76% the S&P500.

Analysts await Green Plains Inc (NASDAQ:GPRE) to report earnings on November, 7. They expect $0.36 EPS, up 125.00% or $0.20 from last year’s $0.16 per share. GPRE’s profit will be $13.53 million for 18.47 P/E if the $0.36 EPS becomes a reality. After $0.21 actual EPS 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 -8.20% below today’s ($26.6) stock price. Green Plains Renewable Energy has been the topic of 14 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Macquarie Research given on Tuesday, July 21. The firm has “Buy” rating given on Thursday, November 19 by BB&T Capital. The stock has “Overweight” rating given by Stephens on Tuesday, July 21. Credit Suisse maintained Green Plains Inc (NASDAQ:GPRE) on Wednesday, November 18 with “Outperform” rating. Bank of America initiated Green Plains Inc (NASDAQ:GPRE) on Tuesday, July 21 with “Buy” rating. On Monday, November 2 the stock rating was maintained by Roth Capital with “Buy”. The company was initiated on Tuesday, July 21 by RBC Capital Markets. The firm has “Buy” rating given on Monday, November 2 by TH Capital. Robert W. Baird initiated it with “Outperform” rating and $22 target price in Tuesday, July 21 report. The company was upgraded on Thursday, August 13 by Goldman Sachs.

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 worsened, 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.
Art Advsr Ltd Com accumulated 24,088 shares or 0.02% of the stock. Blackrock Institutional Na holds 0% or 890,813 shares in its portfolio. State Board Of Administration Of Florida Retirement holds 0% or 30,043 shares in its portfolio. Quantitative Invest Management Limited Liability owns 31,100 shares or 0.03% of their US portfolio. Td Cap Management Ltd Liability Corporation has 0% invested in the company for 100 shares. Laurion Cap Mngmt Ltd Partnership owns 395,370 shares or 0.12% of their US portfolio. Product Prtn has 0.14% invested in the company for 87,400 shares. Arizona State Retirement accumulated 0.01% or 18,797 shares. Scopus Asset Management L P has invested 0.03% of its portfolio in Green Plains Inc (NASDAQ:GPRE). Envestnet Asset Mgmt last reported 3,863 shares in the company. Prudential Fincl has invested 0% of its portfolio in Green Plains Inc (NASDAQ:GPRE). The Massachusetts-based Geode Capital Management Limited Liability has invested 0% in Green Plains Inc (NASDAQ:GPRE). Citadel Advisors Lc has 16,506 shares for 0% of their US portfolio. Trexquant Inv Ltd Partnership has 0.05% invested in the company for 19,247 shares. Plante Moran Advsr Limited owns 239 shares or 0% of their US portfolio.

Insider Transactions: Since May 10, 2016, the stock had 1 insider purchase, and 1 insider sale for $27,087 net activity. On Tuesday, May 10 Hoovestol Wayne bought $97,110 worth of the stock or 6,500 shares. Cronin Walter S had sold 3,701 shares worth $70,023.

Green Plains Inc. is a vertically integrated producer, marketer and distributor of ethanol. The company has a market cap of $1000.00 million. The Firm operates through four divisions: Ethanol Production, Agribusiness, Marketing and Distribution, and Partnership. It currently has negative earnings. The Company’s ethanol production segment is engaged in the production of ethanol and related distillers grain.

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.

More important recent Green Plains Inc (NASDAQ:GPRE) news were published by: Moodys.com which released: “Moody’s says Green Plains’ Credit Negative Acquisitions Stretch B2 CFR” on October 10, 2016, also Omaha.com published article titled: “Green Plains to buy 3 ethanol plants, increasing its production by 20 percent”, Foodbusinessnews.net published: “Green Plains acquires Fleischmann’s Vinegar for $250 million” on October 04, 2016. More interesting news about Green Plains Inc (NASDAQ:GPRE) was released by: Twst.com and their article: “Green Plains Inc.: Green Plains Completes Abengoa Ethanol Plant Acquisition …” with publication date: September 26, 2016.

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