ValuEngine downgraded shares of Renewable Energy Group, Inc. (NASDAQ:REGI) from a strong-buy rating to a buy rating in a research report released on Tuesday, August 8th.
Other analysts also recently issued reports about the company. Canaccord Genuity upgraded Renewable Energy Group from a hold rating to a buy rating and raised their target price for the company from $11.00 to $16.00 in a research note on Friday, May 5th. Roth Capital set a $17.00 target price on Renewable Energy Group and gave the company a buy rating in a research note on Monday, April 17th. BidaskClub downgraded Renewable Energy Group from a buy rating to a hold rating in a research note on Monday, July 31st. Piper Jaffray Companies set a $13.00 target price on Renewable Energy Group and gave the company a hold rating in a research note on Saturday, July 22nd. Finally, Zacks Investment Research downgraded Renewable Energy Group from a strong-buy rating to a hold rating in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Renewable Energy Group has an average rating of Hold and an average price target of $15.00.
Renewable Energy Group (REGI) traded up 1.37% on Tuesday, reaching $11.10. The company had a trading volume of 396,349 shares. The stock’s 50 day moving average is $12.18 and its 200-day moving average is $10.87. Renewable Energy Group has a 1-year low of $7.91 and a 1-year high of $13.39. The stock’s market capitalization is $429.45 million.
Renewable Energy Group (NASDAQ:REGI) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.07 by $0.13. Renewable Energy Group had a negative net margin of 0.36% and a positive return on equity of 6.20%. The company had revenue of $535.10 million during the quarter, compared to analysts’ expectations of $531.88 million. During the same period last year, the business earned $0.18 earnings per share. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, equities analysts predict that Renewable Energy Group will post ($1.56) EPS for the current fiscal year.
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In other Renewable Energy Group news, Director Christopher D. Sorrells bought 5,000 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were purchased at an average price of $11.14 per share, with a total value of $55,700.00. Following the completion of the acquisition, the director now directly owns 28,146 shares of the company’s stock, valued at approximately $313,546.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Carlson Capital L. P sold 65,000 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $12.83, for a total transaction of $833,950.00. The disclosure for this sale can be found here. 2.28% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the company. Gilbert & Cook Inc. boosted its position in shares of Renewable Energy Group by 1.8% in the second quarter. Gilbert & Cook Inc. now owns 12,623 shares of the oil and gas company’s stock worth $163,000 after buying an additional 220 shares in the last quarter. Eidelman Virant Capital boosted its position in shares of Renewable Energy Group by 0.9% in the second quarter. Eidelman Virant Capital now owns 143,850 shares of the oil and gas company’s stock worth $1,862,000 after buying an additional 1,300 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Renewable Energy Group by 1.5% in the second quarter. Bank of Montreal Can now owns 104,810 shares of the oil and gas company’s stock worth $1,358,000 after buying an additional 1,593 shares in the last quarter. Federated Investors Inc. PA boosted its position in shares of Renewable Energy Group by 17.8% in the second quarter. Federated Investors Inc. PA now owns 11,029 shares of the oil and gas company’s stock worth $143,000 after buying an additional 1,668 shares in the last quarter. Finally, Voya Investment Management LLC boosted its position in shares of Renewable Energy Group by 12.1% in the second quarter. Voya Investment Management LLC now owns 22,206 shares of the oil and gas company’s stock worth $288,000 after buying an additional 2,390 shares in the last quarter.
Renewable Energy Group Company Profile
Renewable Energy Group, Inc is focused on providing cleaner, lower carbon intensity products and services. The Company is a producer of biomass-based diesel in North America. Its segments include Biomass-based diesel, Services, Renewable Chemicals and Corporate and other activities. It is involved in various activities related to biomass-based diesel production, from acquiring feedstock, managing construction and operating biomass-based diesel production facilities to marketing, selling and distributing biomass-based diesel and its co-products.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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