Renewable Energy Group (REGI) Posts Earnings Results, Misses Expectations By $0.41 EPS

Renewable Energy Group (NASDAQ:REGI) announced its quarterly earnings data on Thursday. The oil and gas company reported ($1.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.70) by ($0.41), Morningstar.com reports. Renewable Energy Group had a net margin of 11.97% and a return on equity of 38.56%. The business had revenue of $478.21 million during the quarter, compared to analysts’ expectations of $480.79 million.

REGI stock traded down $4.64 during trading on Friday, reaching $17.88. 2,420,308 shares of the stock traded hands, compared to its average volume of 527,424. Renewable Energy Group has a 52-week low of $12.50 and a 52-week high of $32.52. The company has a current ratio of 1.58, a quick ratio of 1.01 and a debt-to-equity ratio of 0.04. The company has a market cap of $667.91 million, a PE ratio of 2.64 and a beta of 0.94.

REGI has been the subject of a number of research reports. BidaskClub downgraded Renewable Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 9th. Roth Capital downgraded Renewable Energy Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $35.00 to $22.00 in a research report on Friday. Zacks Investment Research downgraded Renewable Energy Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 12th. Piper Jaffray Companies initiated coverage on Renewable Energy Group in a research report on Thursday, April 4th. They set an “overweight” rating and a $35.00 price target for the company. Finally, BWS Financial initiated coverage on Renewable Energy Group in a research report on Wednesday, April 24th. They set a “buy” rating and a $31.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Renewable Energy Group presently has an average rating of “Buy” and a consensus target price of $28.40.

In other news, Director Delbert Christensen purchased 1,750 shares of the stock in a transaction on Friday, March 8th. The stock was purchased at an average price of $23.01 per share, with a total value of $40,267.50. Following the completion of the transaction, the director now owns 76,191 shares in the company, valued at $1,753,154.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.01% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of REGI. IFP Advisors Inc boosted its position in shares of Renewable Energy Group by 193.9% in the fourth quarter. IFP Advisors Inc now owns 1,061 shares of the oil and gas company’s stock worth $27,000 after buying an additional 700 shares during the period. Pearl River Capital LLC purchased a new stake in shares of Renewable Energy Group in the fourth quarter worth about $38,000. Advisory Services Network LLC purchased a new stake in shares of Renewable Energy Group in the fourth quarter worth about $56,000. CoreCommodity Management LLC purchased a new stake in shares of Renewable Energy Group in the fourth quarter worth about $78,000. Finally, Quantamental Technologies LLC purchased a new stake in shares of Renewable Energy Group in the fourth quarter worth about $164,000.

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Renewable Energy Group Company Profile

Renewable Energy Group, Inc produces cleaner and lower carbon transportation fuels. The company utilizes an integrated 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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Earnings History for Renewable Energy Group (NASDAQ:REGI)

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