Renewable Energy Group, Inc. (NASDAQ:REGI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “Renewable Energy Group, Inc. produces and sells biofuels and renewable chemicals in the U.S. It operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other segments. It produces biomass-based diesel from a range of feedstocks, including inedible corn oil, used cooking oil, soybean oil, canola oil, and inedible animal fat. This segment is also involved in the purchase and resale of biomass-based diesel, petroleum-based diesel, renewable identification numbers, and raw material feedstocks acquired from third parties; and sale of glycerin, free fatty acids, naphtha, and other co-products of the biomass-based diesel production process. The Services segment provides facility management and operational services to biomass-based diesel production facilities, as well as to other clean-tech companies. This segment also offers construction management services for biomass-based diesel production facilities. REG is committed to being a long-term leader in bio-based fuel and chemicals. “
Other equities research analysts have also issued research reports about the company. Roth Capital set a $17.00 target price on Renewable Energy Group and gave the company a “buy” rating in a research note on Wednesday, August 23rd. ValuEngine lowered Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 8th. Piper Jaffray Companies reissued a “hold” rating and issued a $13.00 target price on shares of Renewable Energy Group in a research note on Friday, November 3rd. Finally, BidaskClub raised Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $15.33.
Renewable Energy Group (NASDAQ:REGI) opened at $11.10 on Tuesday. Renewable Energy Group has a fifty-two week low of $8.25 and a fifty-two week high of $13.55. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $439.12, a PE ratio of 378.33 and a beta of 1.50.
Renewable Energy Group (NASDAQ:REGI) last posted its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported ($0.29) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.11. Renewable Energy Group had a positive return on equity of 0.38% and a negative net margin of 1.96%. The firm had revenue of $627.00 million during the quarter, compared to analysts’ expectations of $513.88 million. During the same period in the prior year, the business earned $0.59 EPS. The company’s revenue for the quarter was up .4% compared to the same quarter last year. research analysts anticipate that Renewable Energy Group will post -1.8 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. C M Bidwell & Associates Ltd. bought a new position in Renewable Energy Group during the 2nd quarter valued at approximately $110,000. Old Mutual Global Investors UK Ltd. bought a new position in Renewable Energy Group during the 3rd quarter valued at approximately $120,000. Oppenheimer & Co. Inc. bought a new position in Renewable Energy Group during the 2nd quarter valued at approximately $142,000. Federated Investors Inc. PA raised its position in Renewable Energy Group by 17.8% during the 2nd quarter. Federated Investors Inc. PA now owns 11,029 shares of the oil and gas company’s stock valued at $143,000 after purchasing an additional 1,668 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in Renewable Energy Group during the 3rd quarter valued at approximately $139,000.
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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