Renewable Energy Group, Inc. (NASDAQ:REGI) has earned an average rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $15.33.
Several equities research analysts have commented on REGI shares. ValuEngine raised shares of Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a report on Friday, July 14th. Piper Jaffray Companies set a $13.00 price objective on shares of Renewable Energy Group and gave the company a “hold” rating in a report on Saturday, July 22nd. BidaskClub downgraded shares of Renewable Energy Group from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research downgraded shares of Renewable Energy Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, Roth Capital set a $17.00 price target on Renewable Energy Group and gave the company a “buy” rating in a research report on Wednesday, August 23rd.
Renewable Energy Group (NASDAQ:REGI) traded down $0.15 during midday trading on Wednesday, reaching $11.35. 340,900 shares of the company’s stock traded hands, compared to its average volume of 392,475. The stock has a market capitalization of $444.92, a P/E ratio of 383.33 and a beta of 1.50. Renewable Energy Group has a 1-year low of $8.25 and a 1-year high of $13.55. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.91.
Renewable Energy Group (NASDAQ:REGI) last released its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported ($0.29) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.11. The business had revenue of $627.00 million for the quarter, compared to the consensus estimate of $513.88 million. Renewable Energy Group had a negative net margin of 1.96% and a positive return on equity of 0.38%. The company’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share. equities research analysts expect that Renewable Energy Group will post -1.8 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the company. C M Bidwell & Associates Ltd. bought a new stake in shares of Renewable Energy Group during the second quarter valued at about $110,000. Old Mutual Global Investors UK Ltd. bought a new stake in shares of Renewable Energy Group during the third quarter valued at about $120,000. Oppenheimer & Co. Inc. bought a new stake in shares of Renewable Energy Group during the second quarter valued at about $142,000. Federated Investors Inc. PA increased its position in shares of Renewable Energy Group by 17.8% during the second quarter. Federated Investors Inc. PA now owns 11,029 shares of the oil and gas company’s stock valued at $143,000 after buying an additional 1,668 shares during the period. Finally, Stifel Financial Corp bought a new stake in shares of Renewable Energy Group during the second quarter valued at about $152,000.
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.
Receive News & Ratings for Renewable Energy Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renewable Energy Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.