Analysts at StockNews.com initiated coverage on shares of Renewable Energy Group (NASDAQ:REGI – Get Rating) in a research note issued on Saturday. The firm set a “sell” rating on the oil and gas company’s stock.
Several other equities analysts have also issued reports on REGI. Raymond James reiterated a “market perform” rating on shares of Renewable Energy Group in a report on Friday, March 4th. Truist Financial downgraded shares of Renewable Energy Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 2nd. Citigroup reduced their price target on shares of Renewable Energy Group from $75.00 to $61.50 and set a “neutral” rating for the company in a research report on Thursday, March 3rd. Finally, Cowen downgraded shares of Renewable Energy Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $75.00 to $61.50 in a research report on Thursday, March 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $67.73.
REGI stock opened at $61.50 on Friday. The firm has a 50 day moving average price of $61.28 and a 200-day moving average price of $53.14. Renewable Energy Group has a 52-week low of $32.54 and a 52-week high of $70.79. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 16.49 and a beta of 0.57. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.35 and a current ratio of 5.14.
Renewable Energy Group (NASDAQ:REGI – Get Rating) last released its earnings results on Wednesday, May 4th. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.61). Renewable Energy Group had a net margin of 5.12% and a return on equity of 11.00%. The business had revenue of $936.00 million for the quarter, compared to analysts’ expectations of $722.57 million. During the same quarter in the previous year, the business posted $0.88 earnings per share. Renewable Energy Group’s revenue for the quarter was up 73.4% on a year-over-year basis. As a group, sell-side analysts forecast that Renewable Energy Group will post 3.75 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its stake in shares of Renewable Energy Group by 81.2% during the 1st quarter. Bank of America Corp DE now owns 435,775 shares of the oil and gas company’s stock valued at $26,430,000 after buying an additional 195,320 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Renewable Energy Group by 13.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,054 shares of the oil and gas company’s stock valued at $2,308,000 after buying an additional 4,643 shares in the last quarter. Gabelli Funds LLC purchased a new position in shares of Renewable Energy Group during the 1st quarter valued at $7,696,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Renewable Energy Group during the 1st quarter valued at $4,585,000. Finally, Gamco Investors INC. ET AL purchased a new position in shares of Renewable Energy Group during the 1st quarter valued at $388,000. Institutional investors own 90.80% of the company’s stock.
Renewable Energy Group Company Profile (Get Rating)
Renewable Energy Group, Inc provides lower carbon transportation fuels in the United States and internationally. The company utilizes a production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Bio-Based Diesel, Services, and Corporate and Other segments.
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