Weekly Research Analysts’ Ratings Updates for Renewable Energy Group (REGI)

A number of firms have modified their ratings and price targets on shares of Renewable Energy Group (NASDAQ: REGI) recently:

  • 8/9/2017 – Renewable Energy Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 8/8/2017 – Renewable Energy Group was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 7/31/2017 – Renewable Energy Group was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/22/2017 – Renewable Energy Group was given a new $13.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.
  • 7/14/2017 – Renewable Energy Group was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 7/6/2017 – Renewable Energy Group was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. 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. “
  • 6/14/2017 – Renewable Energy Group was given a new $17.00 price target on by analysts at Roth Capital. They now have a “buy” rating on the stock.
  • 6/14/2017 – Renewable Energy Group had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $16.00 price target on the stock.

Shares of Renewable Energy Group, Inc. (NASDAQ REGI) opened at 11.65 on Thursday. Renewable Energy Group, Inc. has a 52 week low of $7.91 and a 52 week high of $13.39. The stock has a market cap of $449.62 million, a P/E ratio of 13.38 and a beta of 1.74. The stock has a 50 day moving average price of $12.41 and a 200-day moving average price of $10.76.

Renewable Energy Group (NASDAQ:REGI) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.13. Renewable Energy Group had a positive return on equity of 6.20% and a negative net margin of 0.36%. The company had revenue of $535.10 million for the quarter, compared to analysts’ expectations of $531.88 million. During the same period in the prior year, the business earned $0.18 EPS. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities analysts predict that Renewable Energy Group, Inc. will post $1.56 EPS for the current fiscal year.

In related news, Director Christopher D. Sorrells purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were purchased at an average price of $11.14 per share, with a total value of $55,700.00. Following the completion of the acquisition, the director now directly owns 28,146 shares in the company, valued at approximately $313,546.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Carlson Capital L. P sold 65,000 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $12.83, for a total value of $833,950.00. The disclosure for this sale can be found here. Company insiders own 2.28% of the company’s stock.

Renewable Energy Group, Inc is focused on providing cleaner, lower carbon intensity products and services. The Company is a producer of biomass-based diesel in North America. Its segments include Biomass-based diesel, Services, Renewable Chemicals and Corporate and other activities. It is involved in various activities related to biomass-based diesel production, from acquiring feedstock, managing construction and operating biomass-based diesel production facilities to marketing, selling and distributing biomass-based diesel and its co-products.

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