Piper Jaffray Companies Reiterates Hold Rating for Renewable Energy Group, Inc. (REGI)

Renewable Energy Group, Inc. (NASDAQ:REGI)‘s stock had its “hold” rating restated by stock analysts at Piper Jaffray Companies in a research note issued on Friday, November 3rd. They currently have a $13.00 price target on the oil and gas company’s stock. Piper Jaffray Companies’ target price points to a potential upside of 16.59% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. ValuEngine raised shares of Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 14th. Roth Capital set a $17.00 price objective on shares of Renewable Energy Group and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. Finally, BidaskClub downgraded shares of Renewable Energy Group from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $15.33.

Renewable Energy Group (NASDAQ:REGI) traded down $0.10 on Friday, reaching $11.15. 167,930 shares of the company’s stock traded hands, compared to its average volume of 391,577. 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 firm has a market cap of $435.25, a PE ratio of 375.00 and a beta of 1.50. Renewable Energy Group has a 52-week low of $8.25 and a 52-week high of $13.55.

Renewable Energy Group (NASDAQ:REGI) last issued its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported ($0.29) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.40) by $0.11. Renewable Energy Group had a negative net margin of 1.96% and a positive return on equity of 0.38%. The firm had revenue of $627.00 million during the quarter, compared to analysts’ expectations of $513.88 million. During the same quarter in the previous year, the company earned $0.59 earnings per share. The business’s revenue for the quarter was up .4% on a year-over-year basis. sell-side analysts expect that Renewable Energy Group will post -1.63 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was originally published by BBNS and is the sole property of of BBNS. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://baseballnewssource.com/markets/piper-jaffray-companies-reiterates-hold-rating-for-renewable-energy-group-inc-regi/1755255.html.

Several hedge funds have recently bought and sold shares of the company. C M Bidwell & Associates Ltd. bought a new position in Renewable Energy Group in the 2nd quarter valued at approximately $110,000. Old Mutual Global Investors UK Ltd. acquired a new stake in Renewable Energy Group during the 3rd quarter valued at approximately $120,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Renewable Energy Group during the 3rd quarter worth approximately $139,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Renewable Energy Group during the 2nd quarter worth approximately $142,000. Finally, Federated Investors Inc. PA grew its position in shares of Renewable Energy Group by 17.8% during the 2nd quarter. Federated Investors Inc. PA now owns 11,029 shares of the oil and gas company’s stock worth $143,000 after buying an additional 1,668 shares during the period.

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.

Receive News & Ratings for Renewable Energy Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renewable Energy Group Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan
Shohei Ohtani Has Turned Down Red Sox and Yankees
Shohei Ohtani Has Turned Down Red Sox and Yankees


Leave a Reply

 
© 2006-2017 BBNS.