Renewable Energy Group’s (REGI) “Hold” Rating Reiterated at Piper Jaffray Companies

Piper Jaffray Companies reiterated their hold rating on shares of Renewable Energy Group, Inc. (NASDAQ:REGI) in a report published on Friday morning. Piper Jaffray Companies currently has a $13.00 price objective on the oil and gas company’s stock.

Other research analysts have also recently issued reports about the stock. ValuEngine upgraded shares of Renewable Energy Group from a buy rating to a strong-buy rating in a research report on Friday, July 14th. Roth Capital set a $17.00 price target on shares of Renewable Energy Group and gave the company a buy rating in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Renewable Energy Group from a sell rating to a hold rating in a research report on Thursday, September 21st. Finally, BidaskClub cut shares of Renewable Energy Group from a buy rating to a hold rating in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $15.33.

Renewable Energy Group (NASDAQ:REGI) opened at $11.55 on Friday. Renewable Energy Group has a 52-week low of $8.10 and a 52-week high of $13.55. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.91. The company has a market cap of $446.86, a P/E ratio of 12.69 and a beta of 1.50.

Renewable Energy Group (NASDAQ:REGI) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.13). Renewable Energy Group had a negative net margin of 0.36% and a positive return on equity of 6.20%. The business had revenue of $535.10 million for the quarter, compared to the consensus estimate of $531.88 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. The firm’s revenue was down 4.2% on a year-over-year basis. equities research analysts predict that Renewable Energy Group will post -1.76 EPS for the current fiscal year.

WARNING: This piece of content was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/11/06/renewable-energy-groups-regi-hold-rating-reiterated-at-piper-jaffray-companies.html.

Several large investors have recently added to or reduced their stakes in the company. Prudential Financial Inc. boosted its stake in shares of Renewable Energy Group by 49.3% during the third quarter. Prudential Financial Inc. now owns 385,129 shares of the oil and gas company’s stock valued at $4,680,000 after purchasing an additional 127,179 shares during the period. Smith Moore & CO. purchased a new stake in shares of Renewable Energy Group during the third quarter valued at approximately $279,000. IndexIQ Advisors LLC boosted its stake in shares of Renewable Energy Group by 83.1% during the third quarter. IndexIQ Advisors LLC now owns 82,942 shares of the oil and gas company’s stock valued at $1,008,000 after purchasing an additional 37,636 shares during the period. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Renewable Energy Group during the third quarter valued at approximately $120,000. Finally, Aperio Group LLC boosted its stake in shares of Renewable Energy Group by 13.5% during the third quarter. Aperio Group LLC now owns 68,255 shares of the oil and gas company’s stock valued at $829,000 after purchasing an additional 8,121 shares during the period.

Renewable Energy Group Company Profile

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.

What are top analysts saying about Renewable Energy Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Renewable Energy Group Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit