Renewable Energy Group (NASDAQ:REGI) posted its quarterly earnings results on Sunday. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.70, MarketWatch Earnings reports. Renewable Energy Group had a net margin of 22.72% and a return on equity of 13.11%.
REGI traded up $6.61 during mid-day trading on Tuesday, hitting $59.16. The stock had a trading volume of 88,620 shares, compared to its average volume of 1,371,298. The stock’s fifty day simple moving average is $63.87 and its 200-day simple moving average is $72.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.92 and a quick ratio of 2.29. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 4.17 and a beta of 1.19. Renewable Energy Group has a 1-year low of $21.65 and a 1-year high of $117.00.
Several research analysts recently issued reports on REGI shares. BWS Financial increased their price target on shares of Renewable Energy Group from $75.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, January 8th. US Capital Advisors reaffirmed a “hold” rating on shares of Renewable Energy Group in a report on Wednesday, January 27th. HC Wainwright raised their price objective on shares of Renewable Energy Group from $70.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 4th. Roth Capital lowered shares of Renewable Energy Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $90.00 to $35.00 in a report on Monday. Finally, Cowen started coverage on shares of Renewable Energy Group in a report on Thursday, April 1st. They set an “outperform” rating and a $80.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $83.30.
Renewable Energy Group Company Profile
Renewable Energy Group, Inc provides lower carbon transportation fuels in the United States and internationally. The company utilizes a 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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