BWS Financial Comments on Renewable Energy Group Inc’s FY2020 Earnings (NASDAQ:REGI)

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

Renewable Energy Group (NASDAQ:REGI) last issued its earnings results on Tuesday, August 6th. The oil and gas company reported ($1.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.92). The company had revenue of $560.64 million during the quarter, compared to analyst estimates of $572.93 million. Renewable Energy Group had a negative net margin of 4.78% and a negative return on equity of 9.84%.

Other equities research analysts have also issued research reports about the stock. ValuEngine lowered shares of Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 4th. BidaskClub upgraded shares of Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Finally, Zacks Investment Research upgraded shares of Renewable Energy Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $29.33.

Shares of Renewable Energy Group stock opened at $17.02 on Friday. The firm has a market cap of $669.69 million, a PE ratio of 2.51 and a beta of 1.20. The firm’s 50-day simple moving average is $15.49 and its 200-day simple moving average is $15.34. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.58 and a current ratio of 1.14. Renewable Energy Group has a 1 year low of $9.90 and a 1 year high of $29.61.

Several large investors have recently made changes to their positions in the stock. Mason Street Advisors LLC grew its position in shares of Renewable Energy Group by 5.4% during the 3rd quarter. Mason Street Advisors LLC now owns 13,229 shares of the oil and gas company’s stock valued at $199,000 after buying an additional 672 shares during the last quarter. Adirondack Research & Management Inc. bought a new stake in shares of Renewable Energy Group during the 3rd quarter valued at about $1,613,000. Alps Advisors Inc. grew its position in shares of Renewable Energy Group by 1.4% during the 3rd quarter. Alps Advisors Inc. now owns 76,572 shares of the oil and gas company’s stock valued at $1,149,000 after buying an additional 1,031 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Renewable Energy Group by 42.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 85,013 shares of the oil and gas company’s stock valued at $1,276,000 after buying an additional 25,290 shares during the last quarter. Finally, 6 Meridian grew its position in shares of Renewable Energy Group by 64.6% during the 3rd quarter. 6 Meridian now owns 44,063 shares of the oil and gas company’s stock valued at $661,000 after buying an additional 17,294 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.

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

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