Jefferies Raises GPRE 2011E/2012E EPS Estimates

To reflect the closure of the Otter Tail transaction, “a better ethanol margin environment, and higher DDG prices,” Jefferies is raising its Green Plains (NASDAQ: GPRE) 2011E EPS by $0.30 to $1.50 (assumes a $0.13/gal ethanol EBITDA margin) and 2012E EPS by $0.50 to $1.90 ($0.15/gal ethanol gross margin).

Green Plains currently trades at $11.84.