Renewable Energy Group (REGI) Earns Coverage Optimism Rating of 0.17

Media headlines about Renewable Energy Group (NASDAQ:REGI) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Renewable Energy Group earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 47.0251223027792 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

A number of analysts have recently weighed in on the stock. BidaskClub raised shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research raised shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 30th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $13.00 price objective on shares of Renewable Energy Group in a research report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $15.33.

Shares of Renewable Energy Group (REGI) opened at $11.75 on Friday. Renewable Energy Group has a 1 year low of $8.25 and a 1 year high of $13.55. The company has a market cap of $462.33, a PE ratio of -10.78 and a beta of 1.48. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.17 and a current ratio of 1.72.

Renewable Energy Group (NASDAQ:REGI) last announced its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported ($0.29) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.11. Renewable Energy Group had a negative net margin of 1.96% and a positive return on equity of 0.38%. The company had revenue of $627.00 million for the quarter, compared to the consensus estimate of $513.88 million. During the same period in the prior year, the firm posted $0.59 EPS. Renewable Energy Group’s revenue for the quarter was up .4% on a year-over-year basis. equities analysts predict that Renewable Energy Group will post -1.63 earnings per share for the current fiscal year.

Renewable Energy Group declared that its board has initiated a stock buyback plan on Thursday, December 14th that authorizes the company to buyback $75.00 million in outstanding shares. This buyback authorization authorizes the oil and gas company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

In related news, Director Peter John Martin Harding bought 5,000 shares of the stock in a transaction on Friday, December 15th. The shares were acquired at an average price of $11.14 per share, for a total transaction of $55,700.00. Following the purchase, the director now owns 64,136 shares of the company’s stock, valued at $714,475.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.54% of the stock is currently owned by corporate insiders.

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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.

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