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. “
A number of other equities analysts have also recently weighed in on REGI. BidaskClub raised Renewable Energy Group from a buy rating to a strong-buy rating in a report on Saturday, February 2nd. Piper Jaffray Companies initiated coverage on Renewable Energy Group in a report on Thursday, April 4th. They issued an overweight rating and a $35.00 price target for the company. BWS Financial initiated coverage on Renewable Energy Group in a report on Wednesday, April 24th. They issued a buy rating and a $31.00 price target for the company. Roth Capital cut Renewable Energy Group from a buy rating to a neutral rating and reduced their price target for the stock from $35.00 to $22.00 in a report on Friday, May 3rd. Finally, TheStreet cut Renewable Energy Group from a b rating to a c+ rating in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $28.40.
NASDAQ REGI traded down $0.41 during trading hours on Thursday, reaching $16.31. The company’s stock had a trading volume of 28,008 shares, compared to its average volume of 887,177. The stock has a market capitalization of $627.09 million, a price-to-earnings ratio of 2.41 and a beta of 0.94. Renewable Energy Group has a 1-year low of $15.80 and a 1-year high of $32.52. The company has a current ratio of 1.27, a quick ratio of 0.72 and a debt-to-equity ratio of 0.09.
Renewable Energy Group (NASDAQ:REGI) last released its quarterly earnings results on Thursday, May 2nd. The oil and gas company reported ($1.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.41). The business had revenue of $478.21 million during the quarter, compared to analyst estimates of $480.79 million. Renewable Energy Group had a return on equity of 6.23% and a net margin of 1.52%. Equities analysts predict that Renewable Energy Group will post 0.86 EPS for the current fiscal year.
In other news, Director Peter John Martin Harding bought 2,500 shares of Renewable Energy Group stock in a transaction on Thursday, May 9th. The stock was acquired at an average price of $16.72 per share, with a total value of $41,800.00. Following the completion of the acquisition, the director now directly owns 108,654 shares of the company’s stock, valued at $1,816,694.88. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Gary Haer sold 11,679 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $16.87, for a total value of $197,024.73. Following the transaction, the vice president now directly owns 48,860 shares of the company’s stock, valued at approximately $824,268.20. The disclosure for this sale can be found here. 3.01% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in REGI. Vanguard Group Inc raised its holdings in shares of Renewable Energy Group by 32.2% during the third quarter. Vanguard Group Inc now owns 3,289,677 shares of the oil and gas company’s stock valued at $94,743,000 after acquiring an additional 801,780 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Renewable Energy Group by 32.2% in the third quarter. Vanguard Group Inc. now owns 3,289,677 shares of the oil and gas company’s stock valued at $94,743,000 after purchasing an additional 801,780 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Renewable Energy Group by 47.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 901,273 shares of the oil and gas company’s stock valued at $23,067,000 after purchasing an additional 291,331 shares in the last quarter. Deutsche Bank AG grew its position in shares of Renewable Energy Group by 111.1% in the fourth quarter. Deutsche Bank AG now owns 534,073 shares of the oil and gas company’s stock valued at $13,724,000 after purchasing an additional 281,132 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in shares of Renewable Energy Group in the first quarter valued at approximately $6,108,000.
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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