Momentum Stock Watch: Green Plains Inc. (GPRE)

Company Profile:

GreenPlains Inc. (GPRE) is a diversified commodity-processing business with operations related to ethanol production, grain handling and storage, cattle feeding, food ingredients, and commodity marketing and logistics services. The company is one of the leading producers of ethanol in the world and, through its adjacent businesses, is focused on the production of high-protein feed ingredients and export growth opportunities. As of December 31, 2017, this segment owned 39 ethanol storage facilities; 8 fuel terminal facilities; and approximately a fleet of 3,500 leased railcars. The company was formerly known as Green Plains Renewable Energy, Inc. and changed its name to Green Plains Inc. in May 2014. Green Plains Inc. was founded in 2004 and is headquartered in Omaha, Nebraska.

Recent News:

On Nov. 28, 2018, the company announced that it has repaid its entire obligation for the $500 million senior secured term loan due 2023.

Its board of directors declared a quarterly cash dividend of $0.12 per share on the company’s common stock, payable on Dec. 14, 2018, to shareholders of record at the close of business on Nov. 27, 2018.

For the third quarter of 2018, the company reported net income of $14.5 million, or $0.44 per common unit, compared with $14.5 million, or $0.45 per common unit, for the same period in 2017.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

GPRE’s strengths can be seen in its strong growth compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, the RSI is strong in the bullish zone and the MACD is trying to cross back up. We rate Green Plains Inc. (GPRE) a STRONG BUY.

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