Renewable Energy Group (NASDAQ:REGI) released its earnings results on Sunday. The oil and gas company reported $0.88 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%.
Shares of NASDAQ:REGI traded up $6.65 during midday trading on Tuesday, reaching $59.20. 2,417,726 shares of the company’s stock were exchanged, compared to its average volume of 1,384,246. The company’s 50 day simple moving average is $63.87 and its two-hundred day simple moving average is $72.45. The firm has a market capitalization of $2.62 billion, a PE ratio of 4.17 and a beta of 1.19. Renewable Energy Group has a 12 month low of $21.65 and a 12 month high of $117.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.29 and a current ratio of 2.92.
Several analysts have commented on REGI shares. BWS Financial lifted their target price on shares of Renewable Energy Group from $75.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, January 8th. Cowen started coverage on shares of Renewable Energy Group in a research note on Thursday, April 1st. They set an “outperform” rating and a $80.00 price objective for the company. US Capital Advisors reiterated a “hold” rating on shares of Renewable Energy Group in a report on Wednesday, January 27th. Zacks Investment Research raised shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 2nd. Finally, Roth Capital downgraded shares of Renewable Energy Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $90.00 to $35.00 in a research report on Monday. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $83.30.
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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