Renewable Energy Group (REGI) Earning Very Positive Media Coverage, Study Finds

Media coverage about Renewable Energy Group (NASDAQ:REGI) has been trending very positive recently, according to AlphaOne Sentiment. The research group, a unit of Accern, identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Renewable Energy Group earned a daily sentiment score of 0.50 on AlphaOne’s scale. AlphaOne also assigned media headlines about the oil and gas company an impact score of 58 out of 100, indicating that recent press coverage is somewhat likely to have an impact on the stock’s share price in the immediate future.

Shares of Renewable Energy Group (NASDAQ:REGI) traded down 0.652% during mid-day trading on Friday, hitting $11.425. The stock had a trading volume of 111,330 shares. The firm has a market cap of $440.94 million and a P/E ratio of 13.117. Renewable Energy Group has a 12-month low of $7.90 and a 12-month high of $12.65. The company has a 50 day moving average price of $10.70 and a 200 day moving average price of $9.70.

Renewable Energy Group (NASDAQ:REGI) last issued its earnings results on Tuesday, March 7th. The oil and gas company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.07. The company had revenue of $560.40 million during the quarter, compared to analyst estimates of $447.78 million. The business’s revenue was up 44.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($2.18) earnings per share. Equities analysts forecast that Renewable Energy Group will post $1.19 earnings per share for the current fiscal year.

REGI has been the topic of several research reports. Zacks Investment Research raised Renewable Energy Group from a “hold” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a report on Tuesday, May 9th. Canaccord Genuity reissued a “hold” rating on shares of Renewable Energy Group in a report on Thursday, March 2nd. Finally, Roth Capital set a $17.00 target price on Renewable Energy Group and gave the company a “buy” rating in a report on Monday, April 17th.

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In related news, CFO Chad Stone bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were acquired at an average cost of $11.95 per share, for a total transaction of $35,850.00. Following the acquisition, the chief financial officer now directly owns 88,323 shares of the company’s stock, valued at approximately $1,055,459.85. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Renewable Energy Group Company Profile

Renewable Energy Group, Inc is focused on providing cleaner, lower carbon intensity products and services. The Company is a producer of biomass-based diesel in North America. Its segments include Biomass-based diesel, Services, Renewable Chemicals and Corporate and other activities. It is involved in various activities related to biomass-based diesel production, from acquiring feedstock, managing construction and operating biomass-based diesel production facilities to marketing, selling and distributing biomass-based diesel and its co-products.

5 Day Chart for NASDAQ:REGI

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