Renewable Energy Group, Inc. (REGI) Receives Consensus Recommendation of “Buy” from Brokerages

Renewable Energy Group, Inc. (NASDAQ:REGI) has been assigned an average recommendation of “Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $15.33.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Renewable Energy Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. BidaskClub downgraded Renewable Energy Group from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Piper Jaffray Companies set a $13.00 target price on Renewable Energy Group and gave the company a “hold” rating in a report on Wednesday, August 23rd. Roth Capital set a $17.00 target price on Renewable Energy Group and gave the company a “buy” rating in a report on Wednesday, August 23rd. Finally, ValuEngine downgraded Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th.

A number of large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its holdings in Renewable Energy Group by 1.5% in the second quarter. Bank of Montreal Can now owns 104,810 shares of the oil and gas company’s stock worth $1,358,000 after buying an additional 1,593 shares during the last quarter. Federated Investors Inc. PA increased its holdings in 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 buying an additional 1,668 shares during the last quarter. Voya Investment Management LLC increased its holdings in Renewable Energy Group by 12.1% in the second quarter. Voya Investment Management LLC now owns 22,206 shares of the oil and gas company’s stock worth $288,000 after buying an additional 2,390 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in Renewable Energy Group by 8.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 31,771 shares of the oil and gas company’s stock worth $332,000 after buying an additional 2,486 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Renewable Energy Group by 16.7% in the second quarter. First Trust Advisors LP now owns 40,086 shares of the oil and gas company’s stock worth $519,000 after buying an additional 5,725 shares during the last quarter.

Renewable Energy Group (REGI) opened at $11.40 on Friday. The firm has a market capitalization of $439.12, a PE ratio of 378.33 and a beta of 1.49. Renewable Energy Group has a twelve month low of $8.25 and a twelve month high of $13.55. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.37.

Renewable Energy Group (NASDAQ:REGI) last issued its earnings results on Tuesday, November 7th. The oil and gas company reported ($0.29) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.11. The company had revenue of $627.00 million for the quarter, compared to the consensus estimate of $513.88 million. Renewable Energy Group had a positive return on equity of 0.38% and a negative net margin of 1.96%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 EPS. sell-side analysts forecast that Renewable Energy Group will post -1.63 earnings per share for the current fiscal year.

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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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