Renewable Energy Group (NASDAQ:REGI) had its target price boosted by equities research analysts at BWS Financial from $75.00 to $100.00 in a report released on Friday, The Fly reports. The brokerage currently has a “buy” rating on the oil and gas company’s stock. BWS Financial’s target price suggests a potential upside of 8.65% from the stock’s previous close.
A number of other analysts have also recently weighed in on REGI. ValuEngine raised Renewable Energy Group from a “sell” rating to a “hold” rating in a research report on Friday, December 18th. Roth Capital raised their price objective on Renewable Energy Group from $50.00 to $70.00 in a research report on Tuesday, October 6th. Wolfe Research started coverage on Renewable Energy Group in a research report on Wednesday, October 21st. They issued an “outperform” rating for the company. Credit Suisse Group lowered their price target on Renewable Energy Group from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, November 16th. Finally, BidaskClub raised Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 22nd. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $71.71.
Shares of NASDAQ:REGI opened at $92.04 on Friday. Renewable Energy Group has a 12-month low of $16.05 and a 12-month high of $93.13. The business’s fifty day simple moving average is $65.68 and its 200-day simple moving average is $47.60. The company has a market capitalization of $3.62 billion, a PE ratio of 6.86 and a beta of 1.17. The company has a current ratio of 2.91, a quick ratio of 2.33 and a debt-to-equity ratio of 0.01.
Renewable Energy Group (NASDAQ:REGI) last announced its quarterly earnings results on Thursday, November 5th. The oil and gas company reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.08). Renewable Energy Group had a net margin of 21.03% and a return on equity of 12.04%. The company had revenue of $576.05 million during the quarter, compared to analysts’ expectations of $547.41 million. Research analysts predict that Renewable Energy Group will post 3.34 EPS for the current year.
Several hedge funds have recently modified their holdings of REGI. Victory Capital Management Inc. lifted its holdings in Renewable Energy Group by 44.7% in the 3rd quarter. Victory Capital Management Inc. now owns 193,627 shares of the oil and gas company’s stock worth $10,343,000 after buying an additional 59,786 shares in the last quarter. Aigen Investment Management LP acquired a new stake in Renewable Energy Group during the 3rd quarter valued at approximately $890,000. LSV Asset Management boosted its holdings in shares of Renewable Energy Group by 30.7% during the 3rd quarter. LSV Asset Management now owns 99,488 shares of the oil and gas company’s stock worth $5,314,000 after buying an additional 23,388 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Renewable Energy Group during the 3rd quarter worth approximately $218,000. Finally, 6 Meridian bought a new position in shares of Renewable Energy Group during the 3rd quarter worth approximately $258,000. 98.06% of the stock is owned by institutional investors and hedge funds.
Renewable Energy Group Company Profile
Renewable Energy Group, Inc provides lower carbon transportation fuels in the United States and internationally. 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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