Renewable Energy Group (NASDAQ:REGI) Given New $97.00 Price Target at Piper Sandler


Share on StockTwits

Renewable Energy Group (NASDAQ:REGI) had its target price lowered by equities research analysts at Piper Sandler from $104.00 to $97.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The firm presently has an “overweight” rating on the oil and gas company’s stock. Piper Sandler’s target price would suggest a potential upside of 84.59% from the stock’s previous close.

Several other brokerages also recently issued reports on REGI. US Capital Advisors restated a “hold” rating on shares of Renewable Energy Group in a research report on Wednesday, January 27th. HC Wainwright upped their price objective on Renewable Energy Group from $70.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 4th. Truist upped their target price on Renewable Energy Group from $75.00 to $105.00 in a research note on Wednesday, January 13th. Cowen began coverage on Renewable Energy Group in a research note on Thursday, April 1st. They issued an “outperform” rating and a $80.00 target price for the company. Finally, Zacks Investment Research upgraded Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 2nd. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $83.30.

Shares of REGI stock opened at $52.55 on Tuesday. The business’s fifty day moving average price is $63.87 and its 200 day moving average price is $72.45. Renewable Energy Group has a 1-year low of $21.65 and a 1-year high of $117.00. The firm has a market capitalization of $2.33 billion, a PE ratio of 3.80 and a beta of 1.19. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.92 and a quick ratio of 2.29.

Renewable Energy Group (NASDAQ:REGI) last posted its earnings results on Sunday, May 2nd. The oil and gas company reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.70. Renewable Energy Group had a return on equity of 13.11% and a net margin of 22.72%. Equities research analysts expect that Renewable Energy Group will post 3.03 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC bought a new stake in shares of Renewable Energy Group in the 4th quarter worth approximately $1,191,000. Price T Rowe Associates Inc. MD increased its position in Renewable Energy Group by 132.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 631,123 shares of the oil and gas company’s stock valued at $44,696,000 after acquiring an additional 359,502 shares during the period. State of Michigan Retirement System acquired a new stake in Renewable Energy Group in the 4th quarter valued at approximately $25,169,000. Hennessy Advisors Inc. acquired a new stake in Renewable Energy Group in the 4th quarter valued at approximately $13,774,000. Finally, Renaissance Technologies LLC increased its position in shares of Renewable Energy Group by 218.9% during the 4th quarter. Renaissance Technologies LLC now owns 260,603 shares of the oil and gas company’s stock valued at $18,456,000 after purchasing an additional 178,889 shares during the period. 96.21% of the stock is currently owned by institutional investors.

Renewable Energy Group Company Profile

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.

Further Reading: After-Hours Trading

The Fly

Analyst Recommendations for Renewable Energy Group (NASDAQ:REGI)

Receive News & Ratings for Renewable Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renewable Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.