Media headlines about Renewable Energy Group (NASDAQ:REGI) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Renewable Energy Group earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 44.6116206219703 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Renewable Energy Group Announces Changes to Board of Directors (feeds.benzinga.com)
- Renewable Energy Group (REGI) Rating Increased to Strong-Buy at Zacks Investment Research (americanbankingnews.com)
- Renewable Energy (REGI) Presents At 30th Annual ROTH Conference – Slideshow (seekingalpha.com)
- Two Strong-Buy Renewable Energy Stocks to Consider Now (finance.yahoo.com)
- Insider Buying: Renewable Energy Group Inc (REGI) Director Acquires 20,000 Shares of Stock (americanbankingnews.com)
Several research analysts have issued reports on REGI shares. BidaskClub downgraded Renewable Energy Group from a “sell” rating to a “strong sell” rating in a report on Thursday, January 18th. Zacks Investment Research raised Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $16.00 price target on shares of Renewable Energy Group in a research note on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Renewable Energy Group has an average rating of “Buy” and a consensus target price of $14.75.
Renewable Energy Group (NASDAQ REGI) traded up $0.30 during mid-day trading on Friday, hitting $12.05. The stock had a trading volume of 743,839 shares, compared to its average volume of 446,058. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.17 and a current ratio of 1.74. The firm has a market cap of $468.20, a P/E ratio of -11.06, a P/E/G ratio of 0.39 and a beta of 1.14. Renewable Energy Group has a one year low of $9.50 and a one year high of $13.55.
Renewable Energy Group declared that its board has authorized a share buyback plan on Thursday, December 14th that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the oil and gas company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
In related news, Director Peter John Martin Harding purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were bought at an average price of $10.94 per share, with a total value of $218,800.00. Following the purchase, the director now directly owns 73,592 shares in the company, valued at approximately $805,096.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.54% of the company’s stock.
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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