Renewable Energy Group Inc (NASDAQ:REGI) – Analysts at BWS Financial issued their FY2020 EPS estimates for shares of Renewable Energy Group in a research note issued to investors on Wednesday, November 6th. BWS Financial analyst H. Khorsand expects that the oil and gas company will post earnings of $2.35 per share for the year. BWS Financial has a “Buy” rating on the stock.
Renewable Energy Group (NASDAQ:REGI) last announced its earnings results on Tuesday, August 6th. The oil and gas company reported ($1.51) EPS for the quarter, missing the consensus estimate of ($0.59) by ($0.92). The company had revenue of $560.64 million for the quarter, compared to the consensus estimate of $572.93 million. Renewable Energy Group had a negative return on equity of 9.84% and a negative net margin of 4.78%.
Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Renewable Energy Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 9th. ValuEngine downgraded shares of Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a report on Monday. Finally, BidaskClub raised shares of Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $29.33.
Shares of REGI stock traded up $0.03 during midday trading on Friday, hitting $17.02. 449,100 shares of the company were exchanged, compared to its average volume of 691,694. The firm has a market capitalization of $669.69 million, a P/E ratio of 2.51 and a beta of 1.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.58 and a current ratio of 1.14. The firm’s 50 day moving average price is $15.49 and its two-hundred day moving average price is $15.34. Renewable Energy Group has a 52 week low of $9.90 and a 52 week high of $29.61.
Institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its stake in Renewable Energy Group by 4,539.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,923 shares of the oil and gas company’s stock worth $46,000 after purchasing an additional 2,860 shares in the last quarter. Meeder Asset Management Inc. raised its stake in Renewable Energy Group by 734.1% in the 2nd quarter. Meeder Asset Management Inc. now owns 10,393 shares of the oil and gas company’s stock worth $165,000 after purchasing an additional 9,147 shares in the last quarter. Private Advisors LLC acquired a new stake in Renewable Energy Group in the 2nd quarter worth about $174,000. Mason Street Advisors LLC raised its stake in Renewable Energy Group by 5.4% in the 3rd quarter. Mason Street Advisors LLC now owns 13,229 shares of the oil and gas company’s stock worth $199,000 after purchasing an additional 672 shares in the last quarter. Finally, Allen Capital Group LLC acquired a new stake in Renewable Energy Group in the 3rd quarter worth about $208,000.
Renewable Energy Group Company Profile
Renewable Energy Group, Inc produces cleaner and lower carbon transportation fuels. The company utilizes an integrated production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Biomass-Based Diesel, Services, and Corporate and Other segments.
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