News articles about Renewable Energy Group (NASDAQ:REGI) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Renewable Energy Group earned a news impact score of 0.17 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 45.2309571592918 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s rankings:
- Renewable Energy Group (REGI) Rating Lowered to Buy at ValuEngine (americanbankingnews.com)
- Renewable Energy Group (REGI) vs. Its Rivals Head to Head Comparison (americanbankingnews.com)
- Renewable Energy Group (REGI) versus Its Competitors Financial Contrast (americanbankingnews.com)
- Renewable Energy Group (REGI) Stock Rating Lowered by BidaskClub (americanbankingnews.com)
A number of equities analysts have weighed in on the stock. ValuEngine lowered shares of Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a report on Monday. BidaskClub upgraded shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 27th. Zacks Investment Research upgraded shares of Renewable Energy Group from a “hold” rating to a “strong-buy” rating and set a $13.00 target price on the stock in a report on Wednesday, March 14th. Finally, Canaccord Genuity restated a “buy” rating and set a $16.00 target price on shares of Renewable Energy Group in a report on Tuesday, March 6th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Renewable Energy Group currently has an average rating of “Buy” and a consensus target price of $14.75.
Renewable Energy Group declared that its Board of Directors has approved a share repurchase program on Thursday, December 14th that permits the company to repurchase $75.00 million in outstanding shares. This repurchase authorization permits the oil and gas company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In other news, Director Peter John Martin Harding acquired 20,000 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were purchased at an average price of $10.94 per share, for a total transaction of $218,800.00. Following the acquisition, the director now directly owns 73,592 shares of the company’s stock, valued at approximately $805,096.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Delbert Christensen acquired 7,441 shares of the business’s stock in a transaction on Friday, March 16th. The stock was purchased at an average price of $11.60 per share, for a total transaction of $86,315.60. Following the acquisition, the director now directly owns 68,756 shares in the company, valued at $797,569.60. The disclosure for this purchase can be found here. Insiders own 1.54% of the company’s stock.
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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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