Renewable Energy Group Inc Forecasted to Earn FY2020 Earnings of $2.35 Per Share (NASDAQ:REGI)

Renewable Energy Group Inc (NASDAQ:REGI) – Research analysts at BWS Financial issued their FY2020 earnings estimates for shares of Renewable Energy Group in a research note issued on Wednesday, November 6th. BWS Financial analyst H. Khorsand forecasts that the oil and gas company will post earnings per share of $2.35 for the year. BWS Financial has a “Buy” rating on the stock.

A number of other analysts have also commented on REGI. ValuEngine lowered Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a report on Monday, November 4th. Zacks Investment Research upgraded Renewable Energy Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, BidaskClub upgraded Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $29.33.

NASDAQ REGI opened at $17.02 on Friday. The stock has a market capitalization of $669.69 million, a P/E ratio of 2.51 and a beta of 1.20. The stock has a fifty day moving average of $15.49 and a 200-day moving average of $15.34. Renewable Energy Group has a 52 week low of $9.90 and a 52 week high of $29.61. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.58 and a current ratio of 1.14.

Several institutional investors have recently modified their holdings of REGI. First Trust Advisors LP lifted its holdings in shares of Renewable Energy Group by 2.0% in the first quarter. First Trust Advisors LP now owns 104,698 shares of the oil and gas company’s stock valued at $2,299,000 after purchasing an additional 2,098 shares in the last quarter. DNB Asset Management AS increased its position in shares of Renewable Energy Group by 79.9% in the second quarter. DNB Asset Management AS now owns 1,455,535 shares of the oil and gas company’s stock valued at $23,085,000 after acquiring an additional 646,621 shares during the last quarter. WINTON GROUP Ltd increased its position in shares of Renewable Energy Group by 69.8% in the second quarter. WINTON GROUP Ltd now owns 52,837 shares of the oil and gas company’s stock valued at $838,000 after acquiring an additional 21,722 shares during the last quarter. 6 Meridian increased its position in shares of Renewable Energy Group by 5.4% in the second quarter. 6 Meridian now owns 26,769 shares of the oil and gas company’s stock valued at $425,000 after acquiring an additional 1,375 shares during the last quarter. Finally, First Hawaiian Bank increased its position in shares of Renewable Energy Group by 26.1% in the second quarter. First Hawaiian Bank now owns 14,330 shares of the oil and gas company’s stock valued at $227,000 after acquiring an additional 2,970 shares during the last quarter.

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.

Further Reading: Gross Domestic Product (GDP)

Earnings History and Estimates for Renewable Energy Group (NASDAQ:REGI)

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