Renewable Energy Group (NASDAQ:REGI) issued its quarterly earnings data on Monday. The oil and gas company reported $0.88 earnings per share 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 $6.50 during trading on Tuesday, reaching $59.05. The company had a trading volume of 38,923 shares, compared to its average volume of 1,371,298. The stock has a market cap of $2.62 billion, a P/E ratio of 4.17 and a beta of 1.19. The business has a 50 day simple moving average of $63.87 and a 200-day simple moving average of $72.45. Renewable Energy Group has a 52 week low of $21.65 and a 52 week high of $117.00. The company has a quick ratio of 2.29, a current ratio of 2.92 and a debt-to-equity ratio of 0.01.
Several equities analysts have recently weighed in on the stock. US Capital Advisors reiterated a “hold” rating on shares of Renewable Energy Group in a research note on Wednesday, January 27th. Tudor Pickering assumed coverage on shares of Renewable Energy Group in a research note on Monday, March 15th. They issued a “hold” rating and a $79.00 price objective on the stock. Cowen assumed coverage on shares of Renewable Energy Group in a report on Thursday, April 1st. They issued an “outperform” rating and a $80.00 target price for the company. BWS Financial increased their target price on shares of Renewable Energy Group from $75.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, January 8th. Finally, Zacks Investment Research raised shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 2nd. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average 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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