Renewable Energy Group (REGI) Getting Somewhat Favorable Media Coverage, Study Finds

Headlines about Renewable Energy Group (NASDAQ:REGI) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Renewable Energy Group earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 46.7065801849719 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

A number of brokerages have issued reports on REGI. Piper Jaffray Companies set a $13.00 target price on shares of Renewable Energy Group and gave the company a “hold” rating in a report on Saturday, July 22nd. BidaskClub cut shares of Renewable Energy Group from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research cut shares of Renewable Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 6th. ValuEngine raised shares of Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 14th. Finally, Roth Capital set a $17.00 price objective on shares of Renewable Energy Group and gave the stock a “buy” rating in a research note on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $15.00.

Shares of Renewable Energy Group (NASDAQ REGI) traded up 1.37% on Friday, hitting $11.10. 396,349 shares of the stock were exchanged. The firm’s 50-day moving average is $12.18 and its 200-day moving average is $10.87. The company’s market cap is $429.45 million. Renewable Energy Group has a one year low of $7.91 and a one year high of $13.39.

Renewable Energy Group (NASDAQ:REGI) last released its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by $0.13. Renewable Energy Group had a positive return on equity of 6.20% and a negative net margin of 0.36%. The business had revenue of $535.10 million during the quarter, compared to the consensus estimate of $531.88 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, equities analysts forecast that Renewable Energy Group will post ($1.56) EPS for the current fiscal year.

In other Renewable Energy Group news, Director Christopher D. Sorrells bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were acquired at an average cost of $11.14 per share, for a total transaction of $55,700.00. Following the acquisition, the director now directly owns 28,146 shares of the company’s stock, valued at $313,546.44. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Carlson Capital L. P sold 65,000 shares of the business’s stock in a transaction that occurred on 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 owned by insiders.

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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.