According to Zacks, “Renewable Energy Group, Inc. produces and sells biofuels and renewable chemicals in the U.S. It operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other segments. It produces biomass-based diesel from a range of feedstocks, including inedible corn oil, used cooking oil, soybean oil, canola oil, and inedible animal fat. This segment is also involved in the purchase and resale of biomass-based diesel, petroleum-based diesel, renewable identification numbers, and raw material feedstocks acquired from third parties; and sale of glycerin, free fatty acids, naphtha, and other co-products of the biomass-based diesel production process. The Services segment provides facility management and operational services to biomass-based diesel production facilities, as well as to other clean-tech companies. This segment also offers construction management services for biomass-based diesel production facilities. REG is committed to being a long-term leader in bio-based fuel and chemicals. “
Several other equities research analysts also recently weighed in on REGI. BWS Financial reiterated a buy rating on shares of Renewable Energy Group in a research note on Friday, September 6th. BidaskClub upgraded shares of Renewable Energy Group from a hold rating to a buy rating in a research note on Saturday, October 5th. Roth Capital upgraded shares of Renewable Energy Group from a neutral rating to a buy rating and set a $22.00 target price for the company in a research note on Monday, June 24th. Finally, ValuEngine upgraded shares of Renewable Energy Group from a buy rating to a strong-buy rating in a research note on Tuesday, September 10th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $29.75.
NASDAQ REGI traded down $0.08 during trading hours on Wednesday, hitting $15.61. The company had a trading volume of 399,271 shares, compared to its average volume of 837,255. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.58 and a current ratio of 1.14. Renewable Energy Group has a 1-year low of $9.90 and a 1-year high of $32.52. The business has a 50 day moving average of $13.96 and a 200-day moving average of $16.28.
Renewable Energy Group (NASDAQ:REGI) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported ($1.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.59) by ($0.92). Renewable Energy Group had a negative net margin of 2.88% and a negative return on equity of 5.90%. The company had revenue of $560.64 million during the quarter, compared to analyst estimates of $572.93 million. As a group, analysts expect that Renewable Energy Group will post -2.17 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Invesco Ltd. lifted its position in Renewable Energy Group by 102.9% in the second quarter. Invesco Ltd. now owns 1,616,509 shares of the oil and gas company’s stock valued at $25,637,000 after purchasing an additional 819,667 shares during the period. DNB Asset Management AS lifted its position in Renewable Energy Group by 79.9% in the second quarter. DNB Asset Management AS now owns 1,455,535 shares of the oil and gas company’s stock valued at $23,085,000 after purchasing an additional 646,621 shares during the period. Towle & Co. lifted its position in Renewable Energy Group by 100.4% in the second quarter. Towle & Co. now owns 1,112,729 shares of the oil and gas company’s stock valued at $17,648,000 after purchasing an additional 557,510 shares during the period. Nuveen Asset Management LLC acquired a new stake in Renewable Energy Group in the second quarter valued at about $8,215,000. Finally, Vanguard Group Inc. lifted its position in Renewable Energy Group by 11.3% in the second quarter. Vanguard Group Inc. now owns 4,670,705 shares of the oil and gas company’s stock valued at $74,078,000 after purchasing an additional 473,992 shares during the period.
About Renewable Energy Group
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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