Several other analysts have also weighed in on REGI. BidaskClub lowered Renewable Energy Group from a strong-buy rating to a buy rating in a report on Wednesday, June 24th. HC Wainwright restated a buy rating and set a $35.00 price target on shares of Renewable Energy Group in a report on Thursday, June 25th. Zacks Investment Research lowered Renewable Energy Group from a buy rating to a hold rating in a report on Thursday, May 7th. Finally, Canaccord Genuity increased their price target on Renewable Energy Group from $34.00 to $44.00 and gave the company a buy rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $40.17.
Shares of REGI opened at $24.78 on Tuesday. The stock has a market capitalization of $871.16 million, a price-to-earnings ratio of 2.22 and a beta of 1.44. Renewable Energy Group has a 1 year low of $9.90 and a 1 year high of $32.89. The business’s 50 day simple moving average is $27.11 and its 200-day simple moving average is $25.28. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.88 and a quick ratio of 1.56.
Renewable Energy Group (NASDAQ:REGI) last issued its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $1.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.73. The business had revenue of $474.56 million for the quarter, compared to analysts’ expectations of $476.70 million. Renewable Energy Group had a return on equity of 7.34% and a net margin of 18.53%. On average, sell-side analysts expect that Renewable Energy Group will post 3.11 earnings per share for the current year.
In other Renewable Energy Group news, Director Michael M. Scharf sold 10,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $25.17, for a total value of $251,700.00. Following the transaction, the director now owns 37,064 shares of the company’s stock, valued at approximately $932,900.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey Stroburg sold 25,000 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $29.14, for a total value of $728,500.00. Following the completion of the transaction, the director now directly owns 218,092 shares in the company, valued at approximately $6,355,200.88. The disclosure for this sale can be found here. Insiders sold a total of 41,968 shares of company stock worth $1,198,159 in the last ninety days. 3.00% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of REGI. US Bancorp DE grew its position in shares of Renewable Energy Group by 109.2% during the 1st quarter. US Bancorp DE now owns 1,703 shares of the oil and gas company’s stock worth $35,000 after buying an additional 889 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Renewable Energy Group by 157.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,228 shares of the oil and gas company’s stock worth $61,000 after buying an additional 1,363 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Renewable Energy Group by 27.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,397 shares of the oil and gas company’s stock worth $70,000 after buying an additional 726 shares in the last quarter. Cubist Systematic Strategies LLC grew its position in shares of Renewable Energy Group by 67.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 2,676 shares of the oil and gas company’s stock worth $72,000 after buying an additional 1,082 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of Renewable Energy Group during the 1st quarter worth $102,000.
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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