Renewable Energy Group (NASDAQ:REGI) Given Daily Coverage Optimism Score of 0.45
News headlines about Renewable Energy Group (NASDAQ:REGI) have been trending positive on Sunday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Renewable Energy Group earned a media sentiment score of 0.45 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 74 out of 100, indicating that recent media coverage is likely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s rankings:
- Head-To-Head Review: Enviva Partners, (EVA) & Renewable Energy Group (REGI) (americanbankingnews.com)
- Critical Comparison: Enviva Partners, (EVA) and Renewable Energy Group (REGI) (americanbankingnews.com)
- Renewable Energy Group Inc (REGI) Upgraded at ValuEngine (americanbankingnews.com)
- Renewable Energy Group to Report Second Quarter 2017 Financial Results on Thursday, August 3 (feeds.benzinga.com)
Renewable Energy Group (REGI) traded up 0.41% during midday trading on Friday, hitting $12.25. The stock had a trading volume of 260,574 shares. Renewable Energy Group has a 1-year low of $7.91 and a 1-year high of $13.39. The company has a 50-day moving average of $11.73 and a 200-day moving average of $10.20. The stock has a market cap of $472.78 million, a price-to-earnings ratio of 15.12 and a beta of 1.74.
A number of research analysts have recently commented on the company. Zacks Investment Research lowered Renewable Energy Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 6th. ValuEngine upgraded Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research note on Friday. Roth Capital set a $17.00 price objective on Renewable Energy Group and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $16.00 price objective on shares of Renewable Energy Group in a research report on Wednesday, June 14th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $14.00.
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In related news, major shareholder Carlson Capital L. P sold 65,000 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $12.83, for a total transaction of $833,950.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christopher D. Sorrells acquired 5,000 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was acquired at an average price of $11.14 per share, for a total transaction of $55,700.00. Following the acquisition, the director now owns 28,146 shares of the company’s stock, valued at approximately $313,546.44. The disclosure for this purchase can be found here. Insiders own 2.28% of the company’s stock.
About Renewable Energy Group
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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