Renewable Energy Group, Inc. (REGI) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Renewable Energy Group, Inc. (NASDAQ:REGI) from a sell rating to a hold rating in a research report released on Thursday morning.

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. “

REGI has been the subject of several other reports. 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, August 23rd. Piper Jaffray Companies set a $13.00 price objective on Renewable Energy Group and gave the company a hold rating in a research note on Wednesday, August 23rd. ValuEngine raised Renewable Energy Group from a buy rating to a strong-buy rating in a research note on Friday, July 14th. Canaccord Genuity reaffirmed a buy rating and issued a $16.00 price objective on shares of Renewable Energy Group in a research note on Wednesday, June 14th. Finally, BidaskClub lowered Renewable Energy Group from a hold rating to a sell rating in a research note on Saturday, August 19th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Renewable Energy Group presently has an average rating of Buy and an average target price of $15.33.

Shares of Renewable Energy Group (NASDAQ REGI) opened at 11.60 on Thursday. Renewable Energy Group has a 12 month low of $8.10 and a 12 month high of $13.55. The company’s market cap is $448.79 million. The firm has a 50-day moving average price of $12.31 and a 200 day moving average price of $11.66.

Renewable Energy Group (NASDAQ:REGI) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.13). The company had revenue of $535.10 million during the quarter, compared to the consensus estimate of $531.88 million. Renewable Energy Group had a negative net margin of 0.36% and a positive return on equity of 6.20%. Renewable Energy Group’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 earnings per share. Equities analysts predict that Renewable Energy Group will post ($1.56) earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark law. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/09/renewable-energy-group-inc-regi-upgraded-to-hold-at-zacks-investment-research.html.

Hedge funds have recently modified their holdings of the stock. C M Bidwell & Associates Ltd. bought a new stake in shares of Renewable Energy Group during the 2nd quarter worth approximately $110,000. O Shaughnessy Asset Management LLC lifted its stake in shares of Renewable Energy Group by 155.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 11,754 shares of the oil and gas company’s stock worth $123,000 after acquiring an additional 7,160 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Renewable Energy Group during the 2nd quarter worth approximately $142,000. Federated Investors Inc. PA lifted its stake in shares of 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 worth $143,000 after acquiring an additional 1,668 shares during the last quarter. Finally, Stifel Financial Corp bought a new stake in shares of Renewable Energy Group during the 2nd quarter worth approximately $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 bioma

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. “

REGI has been the subject of several other reports. 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, August 23rd. Piper Jaffray Companies set a $13.00 price objective on Renewable Energy Group and gave the company a hold rating in a research note on Wednesday, August 23rd. ValuEngine raised Renewable Energy Group from a buy rating to a strong-buy rating in a research note on Friday, July 14th. Canaccord Genuity reaffirmed a buy rating and issued a $16.00 price objective on shares of Renewable Energy Group in a research note on Wednesday, June 14th. Finally, BidaskClub lowered Renewable Energy Group from a hold rating to a sell rating in a research note on Saturday, August 19th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Renewable Energy Group presently has an average rating of Buy and an average target price of $15.33.

Shares of Renewable Energy Group (NASDAQ REGI) opened at 11.60 on Thursday. Renewable Energy Group has a 12 month low of $8.10 and a 12 month high of $13.55. The company’s market cap is $448.79 million. The firm has a 50-day moving average price of $12.31 and a 200 day moving average price of $11.66.

Renewable Energy Group (NASDAQ:REGI) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.13). The company had revenue of $535.10 million during the quarter, compared to the consensus estimate of $531.88 million. Renewable Energy Group had a negative net margin of 0.36% and a positive return on equity of 6.20%. Renewable Energy Group’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 earnings per share. Equities analysts predict that Renewable Energy Group will post ($1.56) earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark law. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/09/renewable-energy-group-inc-regi-upgraded-to-hold-at-zacks-investment-research.html.

Hedge funds have recently modified their holdings of the stock. C M Bidwell & Associates Ltd. bought a new stake in shares of Renewable Energy Group during the 2nd quarter worth approximately $110,000. O Shaughnessy Asset Management LLC lifted its stake in shares of Renewable Energy Group by 155.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 11,754 shares of the oil and gas company’s stock worth $123,000 after acquiring an additional 7,160 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Renewable Energy Group during the 2nd quarter worth approximately $142,000. Federated Investors Inc. PA lifted its stake in shares of 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 worth $143,000 after acquiring an additional 1,668 shares during the last quarter. Finally, Stifel Financial Corp bought a new stake in shares of Renewable Energy Group during the 2nd quarter worth approximately $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.

Get a free copy of the Zacks research report on Renewable Energy Group (REGI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.

Leave a Reply