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.
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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