Green Plains Renewable Energy (NASDAQ: GPRE) announced its earnings results on Wednesday. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.07) by $0.15, AnalystRatingsNetwork reports. The company had revenue of $765.50 million for the quarter, compared to the consensus estimate of $789.14 million. During the same quarter in the previous year, the company posted ($0.31) earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis.
Several analysts have also recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Green Plains Renewable Energy from $12.00 to $17.00 in a research note to investors on Tuesday, February 12th. On the ratings front, analysts at TheStreet upgraded shares of Green Plains Renewable Energy from a “sell” rating to a “hold” rating in a research note to investors on Friday, February 8th. Finally, analysts at Stephens upgraded shares of Green Plains Renewable Energy from an “equal weight” rating to an “overweight” rating in a research note to investors on Thursday, February 7th. They now have a $11.00 price target on the stock, up previously from $8.00.
One research analyst has rated the stock with a hold rating and two have issued a buy rating to the stock. Green Plains Renewable Energy currently has a consensus rating of “Buy” and an average target price of $12.67. Green Plains Renewable Energy (NASDAQ: GPRE) opened at 12.51 on Wednesday. Green Plains Renewable Energy has a 52-week low of $3.57 and a 52-week high of $12.40. The stock’s 50-day moving average is currently $11.27. The company has a market cap of $376.6 million and a price-to-earnings ratio of 32.08. Green Plains Renewable Energy, Inc. (NASDAQ: GPRE) is organised to construct and operate dry mill, fuel-grade ethanol production facilities.