Analysts Set Renewable Energy Group Inc (NASDAQ:REGI) Target Price at $29.75

Shares of Renewable Energy Group Inc (NASDAQ:REGI) have earned a consensus recommendation of “Hold” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $29.75.

Several brokerages have commented on REGI. Zacks Investment Research lowered shares of Renewable Energy Group from a “hold” rating to a “strong sell” rating in a research report on Friday, July 19th. ValuEngine upgraded shares of Renewable Energy Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 10th. BidaskClub upgraded shares of Renewable Energy Group from a “strong sell” rating to a “sell” rating in a research report on Saturday. TheStreet lowered shares of Renewable Energy Group from a “b” rating to a “c+” rating in a research report on Friday, May 3rd. Finally, Roth Capital upgraded shares of Renewable Energy Group from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Monday, June 24th.

NASDAQ:REGI opened at $11.62 on Tuesday. The firm’s fifty day moving average price is $13.66 and its 200 day moving average price is $19.00. Renewable Energy Group has a 1-year low of $9.90 and a 1-year high of $32.52. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.05.



Renewable Energy Group (NASDAQ:REGI) last issued its earnings results on Tuesday, August 6th. The oil and gas company reported ($1.51) EPS for the quarter, missing the consensus estimate of ($0.59) by ($0.92). The company had revenue of $560.64 million for the quarter, compared to analysts’ expectations of $572.93 million. Renewable Energy Group had a negative return on equity of 5.90% and a negative net margin of 2.88%. Research analysts expect that Renewable Energy Group will post -2.24 EPS for the current year.

In other news, insider Cynthia J. Warner purchased 4,000 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was acquired at an average price of $14.16 per share, with a total value of $56,640.00. Following the purchase, the insider now directly owns 62,578 shares of the company’s stock, valued at approximately $886,104.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.01% of the company’s stock.

Several large investors have recently added to or reduced their stakes in REGI. Bank of America Corp DE raised its stake in shares of Renewable Energy Group by 50.8% during the 4th quarter. Bank of America Corp DE now owns 65,024 shares of the oil and gas company’s stock worth $1,671,000 after buying an additional 21,908 shares during the last quarter. Strs Ohio raised its stake in Renewable Energy Group by 8.2% in the 1st quarter. Strs Ohio now owns 33,000 shares of the oil and gas company’s stock valued at $724,000 after purchasing an additional 2,500 shares during the last quarter. LS Investment Advisors LLC grew its holdings in Renewable Energy Group by 5.2% in the 1st quarter. LS Investment Advisors LLC now owns 11,144 shares of the oil and gas company’s stock valued at $245,000 after buying an additional 554 shares during the period. SG Americas Securities LLC grew its holdings in Renewable Energy Group by 7.6% in the 1st quarter. SG Americas Securities LLC now owns 8,657 shares of the oil and gas company’s stock valued at $190,000 after buying an additional 613 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in Renewable Energy Group in the 1st quarter valued at about $588,000.

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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