Renewable Energy Group (REGI) Rating Increased to Hold at BidaskClub

Renewable Energy Group (NASDAQ:REGI) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report issued on Thursday.

A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Renewable Energy Group from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $13.00 price objective on shares of Renewable Energy Group in a report on Friday, November 3rd. Finally, Roth Capital set a $17.00 price objective on shares of Renewable Energy Group and gave the company a “buy” rating in a report on Wednesday, August 23rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Renewable Energy Group has an average rating of “Buy” and an average target price of $15.33.

Renewable Energy Group (REGI) opened at $11.55 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.17 and a current ratio of 1.72. The stock has a market cap of $441.05, a price-to-earnings ratio of 380.00 and a beta of 1.48. Renewable Energy Group has a fifty-two week low of $8.25 and a fifty-two week high of $13.55.

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 the Zacks’ consensus estimate of ($0.40) by $0.11. The firm 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 business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 EPS. sell-side analysts anticipate that Renewable Energy Group will post -1.63 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. C M Bidwell & Associates Ltd. bought a new position in shares of Renewable Energy Group in the second quarter worth approximately $110,000. Old Mutual Global Investors UK Ltd. bought a new position in shares of Renewable Energy Group in the third quarter worth approximately $120,000. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Renewable Energy Group in the third quarter worth approximately $139,000. Oppenheimer & Co. Inc. bought a new position in shares of Renewable Energy Group in the second quarter worth approximately $142,000. Finally, Federated Investors Inc. PA increased its position in shares of Renewable Energy Group by 17.8% in the second quarter. Federated Investors Inc. PA now owns 11,029 shares of the oil and gas company’s stock worth $143,000 after purchasing an additional 1,668 shares during the last quarter.

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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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