Somewhat Positive Media Coverage Somewhat Unlikely to Affect Renewable Energy Group (REGI) Share Price

Press coverage about Renewable Energy Group (NASDAQ:REGI) has been trending somewhat positive on Friday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Renewable Energy Group earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 45.6377933192034 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

• Renewable Energy rises as U.S. imposes biodiesel duties (seekingalpha.com)
• Renewable Energy Group, Inc. (REGI) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
• Renewable Energy Group, Inc. (REGI) PT Set at $13.00 by Piper Jaffray Companies (americanbankingnews.com)
• Renewable Energy Group, Inc. (REGI) Given a $17.00 Price Target at Roth Capital (americanbankingnews.com)
• Renewable Energy : Welcomes U.S. Dept. of Commerce Preliminary Countervailing Duty Ruling on Imports of Argentine and Indonesian Biodiesel (4-traders.com)

A number of brokerages recently issued reports on REGI. Roth Capital set a $17.00 price objective on Renewable Energy Group and gave the company a “buy” rating in a research note on Wednesday. Piper Jaffray Companies set a $13.00 target price on Renewable Energy Group and gave the company a “hold” rating in a report on Wednesday. ValuEngine raised Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a report on Friday, July 14th. Canaccord Genuity reaffirmed a “buy” rating and set a $16.00 target price on shares of Renewable Energy Group in a report on Wednesday, June 14th. Finally, Zacks Investment Research lowered Renewable Energy Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.00.

Renewable Energy Group (NASDAQ:REGI) traded up 1.489% on Friday, reaching $11.925. The company’s stock had a trading volume of 73,031 shares. The stock has a 50-day moving average of $12.04 and a 200-day moving average of $10.95. The stock’s market cap is $461.37 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 announced 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 negative net margin of 0.36% and a positive return on equity of 6.20%. The firm had revenue of $535.10 million for the quarter, compared to analyst estimates of $531.88 million. During the same period in the previous year, the company earned $0.18 EPS. Renewable Energy Group’s revenue was down 4.2% compared to the same quarter last year. On average, analysts predict that Renewable Energy Group will post ($1.56) EPS for the current fiscal year.

In other news, Director Christopher D. Sorrells bought 5,000 shares of Renewable Energy Group stock in a transaction on Tuesday, May 30th. The stock was acquired 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 $313,546.44. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Carlson Capital L. P sold 65,000 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $12.83, for a total value of $833,950.00. The disclosure for this sale can be found here. 2.28% of the stock is owned by corporate insiders.

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About Renewable Energy Group

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.