Renewable Energy Group (REGI) Receiving Somewhat Favorable Press Coverage, Analysis Shows
News headlines about Renewable Energy Group (NASDAQ:REGI) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Renewable Energy Group earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 47.2324573387275 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Renewable Energy Group (NASDAQ REGI) opened at $10.90 on Friday. Renewable Energy Group has a one year low of $8.25 and a one year high of $13.55. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $423.28, a PE ratio of 366.67 and a beta of 1.49.
Renewable Energy Group (NASDAQ:REGI) last issued its earnings results on Tuesday, November 7th. The oil and gas company reported ($0.29) EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.11. The firm had revenue of $627.00 million for the quarter, compared to the consensus estimate of $513.88 million. Renewable Energy Group had a positive return on equity of 0.38% and a negative net margin of 1.96%. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 earnings per share. research analysts expect that Renewable Energy Group will post -1.63 EPS for the current fiscal year.
A number of analysts have recently commented on the company. Roth Capital set a $17.00 target price on Renewable Energy Group and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Piper Jaffray Companies set a $13.00 target price on Renewable Energy Group and gave the stock a “hold” rating in a research note on Saturday, July 22nd. Zacks Investment Research upgraded Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. ValuEngine downgraded Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 8th. Finally, BidaskClub downgraded Renewable Energy Group from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Renewable Energy Group has an average rating of “Buy” and a consensus target price of $15.33.
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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