Analysts Set Renewable Energy Group Inc (NASDAQ:REGI) Price Target at $29.33

Shares of Renewable Energy Group Inc (NASDAQ:REGI) have been assigned a consensus rating of “Buy” from the eight brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $29.33.

REGI has been the topic of a number of analyst reports. ValuEngine upgraded Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 10th. Roth Capital upgraded Renewable Energy Group from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Monday, June 24th. Zacks Investment Research cut Renewable Energy Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday. BidaskClub lowered Renewable Energy Group from a “buy” rating to a “hold” rating in a report on Thursday. Finally, BWS Financial reaffirmed a “buy” rating on shares of Renewable Energy Group in a report on Friday, September 6th.

Renewable Energy Group stock traded up $0.10 during midday trading on Friday, reaching $14.98. The company’s stock had a trading volume of 851,982 shares, compared to its average volume of 1,012,808. Renewable Energy Group has a fifty-two week low of $9.90 and a fifty-two week high of $32.52. The company has a quick ratio of 0.58, a current ratio of 1.14 and a debt-to-equity ratio of 0.05. The company has a market cap of $572.68 million, a P/E ratio of 2.21 and a beta of 1.21. The business has a 50-day simple moving average of $12.82 and a 200-day simple moving average of $17.21.

Renewable Energy Group (NASDAQ:REGI) last posted its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported ($1.51) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.59) by ($0.92). Renewable Energy Group had a negative net margin of 2.88% and a negative return on equity of 5.90%. The business had revenue of $560.64 million during the quarter, compared to analyst estimates of $572.93 million. As a group, equities analysts forecast that Renewable Energy Group will post -2.24 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Royce & Associates LP purchased a new position in shares of Renewable Energy Group during the first quarter worth about $38,000. Tower Research Capital LLC TRC grew its holdings in shares of Renewable Energy Group by 4,539.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,923 shares of the oil and gas company’s stock worth $46,000 after purchasing an additional 2,860 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Renewable Energy Group by 7.6% during the first quarter. SG Americas Securities LLC now owns 8,657 shares of the oil and gas company’s stock worth $190,000 after purchasing an additional 613 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new position in shares of Renewable Energy Group during the first quarter worth about $198,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Renewable Energy Group during the first quarter worth about $205,000.

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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