Renewable Energy Group (NASDAQ:REGI) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Thursday.
REGI has been the subject of a number of other research reports. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Renewable Energy Group in a research note on Friday, November 3rd. Zacks Investment Research lowered shares of Renewable Energy Group from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. Finally, Roth Capital set a $17.00 price target on shares of Renewable Energy Group and gave the company a “buy” rating in a report on Wednesday, August 23rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $15.33.
Shares of Renewable Energy Group (NASDAQ:REGI) traded up $0.10 during trading on Thursday, hitting $11.50. 360,632 shares of the stock were exchanged, compared to its average volume of 390,746. Renewable Energy Group has a 12 month low of $8.25 and a 12 month high of $13.55. The stock has a market cap of $437.19, a PE ratio of 376.67 and a beta of 1.48. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.37.
Renewable Energy Group (NASDAQ:REGI) last announced its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported ($0.29) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.40) by $0.11. Renewable Energy Group had a negative net margin of 1.96% and a positive return on equity of 0.38%. The company had revenue of $627.00 million during the quarter, compared to analysts’ expectations of $513.88 million. During the same quarter in the prior year, the company earned $0.59 EPS. The firm’s revenue was up .4% on a year-over-year basis. analysts predict that Renewable Energy Group will post -1.63 earnings per share for the current year.
A number of large investors have recently bought and sold shares of REGI. Rubric Capital Management LP raised its holdings in Renewable Energy Group by 512.6% during the 3rd quarter. Rubric Capital Management LP now owns 892,068 shares of the oil and gas company’s stock valued at $10,839,000 after buying an additional 746,444 shares during the last quarter. Northern Trust Corp raised its holdings in Renewable Energy Group by 82.3% during the 2nd quarter. Northern Trust Corp now owns 810,886 shares of the oil and gas company’s stock valued at $10,501,000 after buying an additional 366,009 shares during the last quarter. Formula Growth Ltd. raised its holdings in Renewable Energy Group by 87.4% during the 2nd quarter. Formula Growth Ltd. now owns 765,595 shares of the oil and gas company’s stock valued at $9,914,000 after buying an additional 357,000 shares during the last quarter. Chicago Equity Partners LLC bought a new stake in Renewable Energy Group during the 2nd quarter valued at $3,487,000. Finally, Prudential Financial Inc. bought a new stake in Renewable Energy Group during the 2nd quarter valued at $3,340,000.
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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.
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