Headlines about Renewable Energy Group (NASDAQ:REGI) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Renewable Energy Group earned a news impact score of 0.16 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 46.9138630991048 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Renewable Energy Group (NASDAQ REGI) traded down $0.23 during midday trading on Friday, reaching $10.90. 322,100 shares of the company’s stock traded hands, compared to its average volume of 378,383. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.17. Renewable Energy Group has a 1 year low of $8.25 and a 1 year high of $13.55. The company has a market capitalization of $423.28, a price-to-earnings ratio of -10.00, a P/E/G ratio of 0.38 and a beta of 1.48.
Renewable Energy Group (NASDAQ:REGI) last posted its quarterly earnings results on Tuesday, November 7th. The oil and gas company reported ($0.29) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $627.00 million for the quarter, compared to analyst estimates of $513.88 million. During the same period in the prior year, the firm posted $0.59 earnings per share. The company’s quarterly revenue was up .4% compared to the same quarter last year. sell-side analysts expect that Renewable Energy Group will post -1.63 EPS for the current fiscal year.
Renewable Energy Group declared that its board has approved a share repurchase program on Thursday, December 14th that allows the company to buyback $75.00 million in outstanding shares. This buyback authorization allows the oil and gas company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.
A number of equities analysts have commented on the stock. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $13.00 target price on shares of Renewable Energy Group in a research note on Friday, November 3rd. Zacks Investment Research downgraded shares of Renewable Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. Finally, BidaskClub upgraded shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $15.33.
In other news, Director Peter John Martin Harding acquired 5,000 shares of Renewable Energy Group stock in a transaction on Friday, December 15th. The shares were purchased at an average cost of $11.14 per share, for a total transaction of $55,700.00. Following the completion of the purchase, the director now directly owns 64,136 shares of the company’s stock, valued at approximately $714,475.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.54% of the stock is currently owned by company 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.
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