Renewable Energy Group Inc (NASDAQ:REGI) – Equities research analysts at Piper Jaffray Companies cut their FY2020 earnings estimates for Renewable Energy Group in a note issued to investors on Monday, November 11th. Piper Jaffray Companies analyst P. Flam now anticipates that the oil and gas company will post earnings per share of $2.30 for the year, down from their previous forecast of $2.33. Piper Jaffray Companies also issued estimates for Renewable Energy Group’s Q4 2020 earnings at $0.51 EPS, Q1 2021 earnings at $0.62 EPS, Q2 2021 earnings at $0.66 EPS, Q3 2021 earnings at $0.61 EPS and FY2021 earnings at $2.35 EPS.

A number of other research firms have also recently issued reports on REGI. BidaskClub upgraded Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 30th. BWS Financial restated a “buy” rating on shares of Renewable Energy Group in a research note on Friday, September 6th. ValuEngine downgraded Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Zacks Investment Research upgraded Renewable Energy Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $29.33.

Shares of REGI stock opened at $17.33 on Wednesday. The business’s 50 day simple moving average is $15.68 and its 200 day simple moving average is $15.22. Renewable Energy Group has a one year low of $9.90 and a one year high of $29.61. The stock has a market capitalization of $663.07 million, a PE ratio of 2.56 and a beta of 1.20. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.43 and a quick ratio of 0.77.

Several institutional investors and hedge funds have recently modified their holdings of REGI. BlackRock Inc. increased its stake in Renewable Energy Group by 1.3% during the 2nd quarter. BlackRock Inc. now owns 5,970,300 shares of the oil and gas company’s stock worth $94,689,000 after buying an additional 74,926 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Renewable Energy Group by 11.3% in the second quarter. Vanguard Group Inc. now owns 4,670,705 shares of the oil and gas company’s stock valued at $74,078,000 after purchasing an additional 473,992 shares during the last quarter. DNB Asset Management AS raised its holdings in shares of Renewable Energy Group by 35.4% in the third quarter. DNB Asset Management AS now owns 1,970,176 shares of the oil and gas company’s stock valued at $29,562,000 after purchasing an additional 514,641 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Renewable Energy Group by 15.0% in the second quarter. JPMorgan Chase & Co. now owns 1,625,943 shares of the oil and gas company’s stock valued at $26,242,000 after purchasing an additional 212,277 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Renewable Energy Group by 102.9% in the second quarter. Invesco Ltd. now owns 1,616,509 shares of the oil and gas company’s stock valued at $25,637,000 after purchasing an additional 819,667 shares during the last quarter.

About Renewable Energy Group

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 and Estimates for Renewable Energy Group (NASDAQ:REGI)

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