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Tag: REGI

  • Renewable Energy Group, Inc. (REGI) Stock Up in Afterhours, Here’s What you Should Know.

    Renewable Energy Group, Inc. (REGI) Stock Up in Afterhours, Here’s What you Should Know.

    Renewable Energy Group, Inc. (REGI) is a leader in energy and transportation businesses’ evolution to sustainability. It converts renewable energy sources to best-quality, sustainable fuel products. The company is a global producer of sustainable fuels that lower the emissions of greenhouse gas to directly decrease carbon impact.

    The price of REGI Stock during the regular trading on February 25, 2022, was $43.8 with a slight gain of 1.74%. At last check in the aftermarket, the stock further soared by 34.6%.

    REGI: Events and Happenings

    On February 26, 2022, it was reported through anonymous sources that REGI and Chevron Corp. are in advanced-level discussions to purchase REGI for approximately $3 billion. Chevron is expected to pay a per-share price of $61.50 for REGI. On February 22, 2022, REGI updated that it will announce its Q4 2021 financials on March 1, 2022. On February 18, 2022, REGI and Bunker Holding Group, announced their entry into a strategic partnership to grow the US and EU marine markets for sustainable bio-based diesel.

    On February 17, 2022, REGI reported installing an innovative pretreatment plant to refine the lowermost carbon intensity, the toughest to convert waste fats into bio-based diesel. The project is located in Germany. On January 4, 2022, REGI announced the acquisition of Amber Resources, LLC and its affiliated entities. On November 29, 2021, REGI informed its management’s participation at the following investor conferences.

    • Morgan Stanley Energy & Clean Virtual Tech Symposium on December 1, 2021.
    • Bank of America Securities Leveraged Finance Virtual Conference on December 1, 2021.
    • Credit Suisse Climate Tech and Start-up Virtual Forum on December 6, 2021.

    REGI: Key Financials

    On November 2, 2022, REGI released its financial outcomes for the third quarter ended September 30, 2021. Some of the important points are discussed below.

    Revenue

    Revenue in Q3 2021 was $1 billion against $0.57 billion in the same quarter of 2020. The company observed a gain of $0.43 billion in year-over-year revenue. The company topped the revenue estimates by $100 million.

    EPS

    Diluted net income per share in Q3 2021 was $42.4 million or $0.83 against $22.6 million or $0.51 in the same period of 2020. The company recorded an incline in its net income over the year and missed the estimated EPS target by -$0.35.

    Conclusion

    REGI stock down-performed in the past year by 49%. The recent aftermarket stock gain of the company is likely the outcome of an unofficial $3 billion deal between the company and Chevron as suggested by the analysts. The company is also gearing for the earnings release and expects a revenue of $803 million versus $0.81 EPS.

  • Renewable Energy Group Inc (REGI) stock is rising in pre-market. Here’s why

    The stock of Renewable Energy Group (REGI) gained 15.08% in the pre-market to $37.54. REGI stock closed the regular trading session at $32.62, 2.34% less than the previous trading session. The gain came after the news by the company about reporting the earnings for Q4 of FY21.

    Renewable Energy Group (REGI) biodiesel manufacturing organization. The company looks up to 12 biorefineries and feedstock offices. REGI has a market capitalization of $1.64 billion with 50.27 million outstanding shares. The company has its headquarter in Ames, Iowa, United States of America (USA).

    REGI News

    The company on 18 February 2022, notified the prudent collaboration with Bunker Holdings to additionally foster the U.S. also EU marine business sectors for practical biodiesel. This collaboration will permit the organizations to assume an explanatory part in changing the transit business to new and more durable energy sources.

    The senior vice president of REGI, Bob Kenyon, stated that at REGI they see a chance for biodiesel to be a durable fuel choice for clients in the perfect energy-changing environment. He further stated that cooperating with Bunker Holding will speed up the marine business adaption of biodiesel. Moreover, Mr. Kenyon concluded that they anticipate fostering their relationship with Bunker Holding and supporting the transit business decarbonization development.

    In addition, Renewable Energy Group, on 17 February 2022, declared a well-thought-out investment. The company will introduce a treatment plant in Germany. This plant will refine the least carbon force, hardest to change fats and oils for biodiesel creation. Not only but also, this venture will improve REGI capacity to create renewable fuel from a more extensive assortment of feedstocks. The CEO of REGI, CJ Warner, communicated that this investment qualifies them to exceedingly serve the developing interest for low carbon fuel choices in Europe.

    What next

    On 22 February 2022, REGI declared the release of its Q4 financial results for the fiscal year 2021. The results will be released before the opening of the market on 1 March 2022.

  • The Renewable Energy Group Inc. (REGI) stock declines sharply. Why is it so?

    The Renewable Energy Group Inc. (REGI) stock declines sharply. Why is it so?

    Renewable Energy Group Inc. (NASDAQ: REGI) stock declined by 4.96% in the last trading close, whereas the REGI stock price falls by 6.82% during pre-market after Pomerantz law firm on March 16 announced the case filed against Renewable energy group and its certain officials. REGI is a biodiesel company that provides clean, low carbon transportation fuels. REGI is the largest producer of advanced biofuels with 13 biorefineries and a feedstock processing facility.

    What is happening?

    As per the recent news, the class action docketed under 21-cv-02244 is filed on behalf of people except for the Defendants, who purchased or acquired Renewable Energy securities between May 3, 2018, February 25, 2021, inclusive (the “Class Period”). The claims are made against the Defendants under the Securities Exchange Act of 1934. The Defendants are accused of making materially false statements, and also they failed to reveal material adverse facts about REGI’s business, operations, and prospects. Following are the major accusations made against Defendants:

    • The Defendants of REGI did not inform the people that petroleum diesel was not periodically added to Renewable Energy Group’s specific loads. Still, instead, it was added by the REGI customers due to the failure in the diesel addictive system.
    • As a result of the above-mentioned point, Renewable Energy was not the proper claimant of certain BTC payments on Biodiesel that it sold between January 1, 2017 and September 30, 2020.
    • Renewable Energy Group is also accused of stating wrong figures of revenue and net income for certain periods.
    • Also that REGI’s internal control over financial statements had a material weakness related to the purchase and use of petroleum diesel gallons when blending with biodiesel.
    • Lastly, the Renewable Energy Group Defendants’optimistic claims about REGI’s business, activities, and prospects were materially misleading.

    Effect of Fourth Quarter and full year 2020 financial results

    Renewable Energy Group, On February 25, announced its fourth quarter and full-year 2020 financial results in which REGI disclosed that they would restate $38.2 million in cumulative revenue from January 2018 through September 30, 2020, because REGI was not the justified claimant for certain BTC payments on biodiesel it sold between the time span of January 1, 2017, to September 30, 2020. After this news broke, the REGI stock price fell $8.17, or 9.5%, in two consecutive trading sessions to close at $77.77 per share on February 26, 2021. This has given a significant setback to REGI wherein the investors do not find it a sensible step to investing in REGI stock.

  • Oil and Gas Stocks to Look Into

    The oil and gas industry consists of different companies which are involved in the exploration, transportation, extraction, and refining, of gas and oil products. These companies also include other services such as well maintenance and drilling. The past couple of years have been hard on the energy sector and the pandemic has only served to make the situation worse. Small companies have suffered more than the bigger companies and are deeply shale indebted. But the past few months have been an exercise in the companies trying to recover.

    Renewable Energy Group Inc (NASDAQ: REGI)

    Renewable Energy Group (REGI) ‎company is a biodiesel production company which creates biodiesel and renewable diesel with the help of it 13 bio refineries and a processing facility. It uses biomass feed stocks for manufacturing renewable diesel and biodiesel, such as cooking oils, animal fats, and distilled corn oil. The stock has seen a profitable time during the pandemic with its stocks having gone 100 per cent up in the last six months and a total of 215 per cent up over the previous year due to its consistent performance even since the outbreak of the virus.

    According to the recent earnings call, the small-cap company sold 176 million gallons of renewable diesel and biodiesel in the recent quarter with a revenue of $576.05 million, which was $21.5 million higher than the estimated consensus by Wall Street.

    Phillips 66 (NYSE: PSX)

    Phillips 66 (PSX)‎ is one of the lowest cost producers in the oil and gas industry and this is due to its large-scale operations. It is amongst the top refining companies and it has operations in both Europe and the United States. Its talents lie in manufacturing specialty goods such as lubricants and business distribution of refined products. It also has significant stakes in two of the limited master partnerships, DCP Midstream and Phillips 66 Partners, and also in chemicals through its joint venture with Chevron on CPChem.

    While the year has been difficult for Phillips 66 with the demand for refined products lowering this year affecting its performance, Phillips 66 still remains an attractive stock to invest in asit has a reduced share price right now and the 7.7 per cent dividend yield this year. And with the world reopening next year, the stock prices are expected to improve as the demand for refined products will be higher. Phillips 66’s financial profile has also been strong with its investment grade balance sheet and financially flexible situation.

    Apache Corporation (NASDAQ: APA)

    Apache Corporation (APA)‎ is a Houston based company which is a major player in the Permian Basin with its high technology and impressive discoveries. Most recently, Apache Corp discovered the Kwaskwasi-1 well which contains 912 feet of net oil and unstable oil/gas condensate pay. This year, Apache Corp was one of the first companies to initiate deep spending cuts after the crash of oil prices in March and it lowered its 2020 capex from $1.6-$1.9 billion to $1-$1.2 billion and also managed to lower its dividend by 90 per cent, from $0.25 per share to $0.025 per share.

    The company also stated that it would utilize excess cash to pay down its debt and also keep a positive cash flow as until the WTI prices continued to stay more than $30 per barrel. This appears to satisfy its investors as the shares of Apache Corp went up by almost 70 per cent in the last month.

  • Up’s and downs of Oil sector

    Up’s and downs of Oil sector

    As the market pondered the possibility of strengthening New York and London restrictions before a readily accessible vaccine, oil prices increased.

    Since switching earlier between losses and gains, futures ended at a nine-month high. The U.S. began distributing the Covid-19 vaccine and national immunization initiatives in other countries, offering a roadmap for stabilizing oil demand.

    However, price gains remain minimal as reopening plans across the globe are affected by the virus’s spread. In the middle of a new strain of the epidemic, London is growing pandemic controls this week while New York City’s mayor said people should be prepared for a complete lockdown. The Association of Petroleum Exporting Countries, meanwhile, cut forecasts for global fuel demand by 1 million barrels a day in the first quarter of 2021.

    GasLog Partners LP (NYSE:GLOP) shares were trading up 31.18% at $3.45 at the time of writing on Monday.

    GasLog Partners LP (NYSE:GLOP) share price went from a low point around $1.51 to briefly over $16.20 in past 52 weeks, though shares have since pulled back to $3.45. GLOP market cap has remained high, hitting $177.88M at the time of writing, giving it price-to-sales ratio of more than 0.

    If we look at the recent analyst rating GLOP, BTIG Research downgraded coverage on GLOP shares with a Neutral rating and a $3.28 price target, which implies room for -0.17% downside momentum this year.

    Mid-Con Energy Partners LP (MCEP) last closed at $3.78, in a 52-week range of $1.14 to $8.70.

    SandRidge Energy Inc. (SD) stock soar by 10.61% to $3.44 after reporting that it has entered into a definitive agreement for the sale of its North Park Basin assets. The most recent rating by Seaport Global Securities, on June 21, 2017, is at a Neutral.

    Enservco Corporation (AMEX:ENSV) Shares headed rising, higher as much as 5.73%. The most recent rating by Northland Capital, on November 13, 2015, is at an Outperform.

    Renewable Energy Group Inc. (NASDAQ:REGI) rose 4.31% after gaining more than $2.68 on Monday. The company on December 3, 2020 declared changes to the organizational construct of its senior leadership team intended to accelerate the company’s performance as a leader in a rapidly growing industry.

    U.S. Well Services Inc. (USWS) last closed at $0.48, in a 52-week range of $0.23 to $2.02.

    NOW Inc. (DNOW) stock soar by 2.38% to $6.45. The firm has scheduled a conference call to discuss fourth quarter and full-year 2020 earnings on Wednesday, February 17, 2021 at 8:00 am (US Central Time). The most recent rating by Stephens, on October 16, 2020, is at an Equal-weight.

    Ultrapar Participacoes S.A. (NYSE:UGP) Shares headed rising, higher as much as 2.21%. The most recent rating by Morgan Stanley, on June 02, 2020, is at an Overweight.

    ChampionX Corporation (NYSE:CHX) rose 1.08% after gaining more than $0.15 on Monday following the announcement of early tender offer results and extension of early tender premium.

    Oceaneering International Inc. (OII) last closed at $8.25, in a 52-week range of $2.01 to $15.99. Analysts have a consensus price target of $7.48.

    Euronav NV (EURN) stock soar by 0.61% to $8.25. The most recent rating by BTIG Research, on October 21, 2020, is at a Neutral.

    TransAtlantic Petroleum Ltd. (AMEX:TAT) Shares headed rising, higher as much as 0.60%. On November 20, 2020, the company released its financial results for the quarter ended September 30, 2020. The most recent rating by TD Securities, on September 09, 2016, is at a Speculative buy.

    Pacific Ethanol Inc. (NASDAQ:PEIX) rose 0.17% after gaining more than $0.01 on Monday. The firm declared on December 1, 2020, the closing of its agreement with Liberty Basin, LLC to sell 134 acres, rail loop and grain handling assets at its Pacific Ethanol Magic Valley plant in Burley, Idaho for $10 million in cash.

    Talos Energy Inc. (TALO) last closed at $9.21, in a 52-week range of $5.00 to $31.34 after declaring proposed offering of $400 million of second-priority senior secured notes due 2026. Analysts have a consensus price target of $13.17.

    Valvoline Inc. (VVV) stock drop by -0.17% to $23.01. The most recent rating by JP Morgan, on August 05, 2020, is at an Overweight. The company on December 2, 2020 reported that it plans to acquire 27 quick-lube locations that will expand its service center network across the U.S.