Green Plains Inc’s Stock Is Buy After Today’s Bullish Options Activity

 Green Plains Inc's Stock Is Buy After Today's Bullish Options Activity

In today’s session Green Plains Inc (GPRE) registered an unusually high (360) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious GPRE increase. With 360 contracts traded and 264 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: GPRE161118C00028000 closed last at: $0.6 or 0% . About 329,814 shares traded hands. Green Plains Inc (NASDAQ:GPRE) has risen 65.10% since March 31, 2016 and is uptrending. It has outperformed by 62.58% the S&P500.

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 $13.95 million for 17.85 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. Green Plains Renewable Energy has been the topic of 14 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Tuesday, July 21 by Barclays Capital. RBC Capital Markets initiated the shares of GPRE in a report on Tuesday, July 21 with “Outperform” rating. The company was initiated on Thursday, November 19 by BB&T Capital. On Tuesday, July 21 the stock rating was initiated by Macquarie Research with “Neutral”. The firm earned “Buy” rating on Monday, November 2 by Roth Capital. The stock has “Outperform” rating given by Robert W. Baird on Tuesday, July 21. The firm has “Overweight” rating by Stephens given on Tuesday, July 21. Stifel Nicolaus initiated the stock with “Buy” rating in Tuesday, July 21 report. Goldman Sachs upgraded the shares of GPRE in a report on Thursday, August 13 to “Neutral” rating. TH Capital maintained Green Plains Inc (NASDAQ:GPRE) on Monday, November 2 with “Buy” rating.

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 2016 Q2. 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.
Canada Pension Plan Inv Board has invested 0% of its portfolio in Green Plains Inc (NASDAQ:GPRE). Bridgeway Mngmt accumulated 186,650 shares or 0.06% of the stock. Laurion Capital Mngmt Lp holds 0.12% or 395,370 shares in its portfolio. First Advsr Ltd Partnership holds 122,455 shares or 0.01% of its portfolio. Us Comml Bank De has 150 shares for 0% of their US portfolio. Blackrock Investment Mngmt Lc accumulated 0% or 165,520 shares. Citadel Advsr Limited Co has 16,506 shares for 0% of their US portfolio. Moreover, California Employees Retirement Sys has 0.01% invested in Green Plains Inc (NASDAQ:GPRE) for 271,400 shares. Bancorp Of America Corp De has 155,090 shares for 0% of their US portfolio. Legal & General Pcl accumulated 14,303 shares or 0% of the stock. South Dakota Investment Council holds 224,842 shares or 0.1% of its portfolio. Tourbillon Capital Prns Limited Partnership last reported 3.23M shares in the company. Quantitative Invest Mgmt Lc owns 31,100 shares or 0.03% of their US portfolio. Alliancebernstein L P accumulated 0% or 52,400 shares. Art Advisors Lc, a New York-based fund reported 24,088 shares.

Insider Transactions: Since May 10, 2016, the stock had 1 buy, and 1 insider sale for $27,087 net activity. 3,701 shares with value of $70,023 were sold by Cronin Walter S on Friday, June 3. Shares for $97,110 were bought by Hoovestol Wayne.

Green Plains Inc. is a vertically integrated producer, marketer and distributor of ethanol. The company has a market cap of $996.12 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 notable recent Green Plains Inc (NASDAQ:GPRE) news were published by: Bloomberg.com which released: “Green Plains Seeks to Buy Two Ethanol Mills for $200 Million” on June 14, 2016, also Bloomberg.com with their article: “Green Plains May Spend $275 Million to Get Into Food Business” published on August 10, 2016, Seekingalpha.com published: “Green Plains, Inc. Is Becoming One Of My Favorite Growth Stories” on August 30, 2016. More interesting news about Green Plains Inc (NASDAQ:GPRE) were released by: Reuters.com and their article: “BRIEF-Green plains inc enters into a credit agreement to partially fund th…” published on October 03, 2016 as well as Omaha.com‘s news article titled: “Green Plains to buy 3 ethanol plants, increasing its production by 20 percent” with publication date: August 23, 2016.

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