Renewable Energy Group (NASDAQ:REGI) Raised to Buy at ValuEngine

ValuEngine upgraded shares of Renewable Energy Group (NASDAQ:REGI) from a hold rating to a buy rating in a report published on Saturday, ValuEngine reports.

REGI has been the subject of a number of other research reports. BidaskClub lowered shares of Renewable Energy Group from a sell rating to a strong sell rating in a report on Friday, August 9th. TheStreet lowered shares of Renewable Energy Group from a b rating to a c+ rating in a report on Friday, May 3rd. Roth Capital raised shares of Renewable Energy Group from a neutral rating to a buy rating and set a $22.00 target price for the company in a report on Monday, June 24th. BWS Financial started coverage on shares of Renewable Energy Group in a report on Wednesday, April 24th. They set a buy rating and a $31.00 target price for the company. Finally, Zacks Investment Research lowered shares of Renewable Energy Group from a hold rating to a strong sell rating in a report on Friday, July 19th. Two research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $29.75.

Shares of Renewable Energy Group stock opened at $12.30 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $483.39 million, a price-to-earnings ratio of 1.81 and a beta of 1.20. The firm has a 50 day moving average of $14.64. Renewable Energy Group has a fifty-two week low of $9.90 and a fifty-two week high of $32.52.

Renewable Energy Group (NASDAQ:REGI) last issued its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported ($1.51) earnings per share 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 2.88% and a negative return on equity of 5.90%. Equities analysts anticipate that Renewable Energy Group will post -2.24 earnings per share for the current fiscal year.

In other Renewable Energy Group news, insider Cynthia J. Warner bought 4,000 shares of the stock in a transaction on Monday, June 17th. The stock was purchased at an average price of $14.16 per share, with a total value of $56,640.00. Following the acquisition, the insider now owns 62,578 shares of the company’s stock, valued at $886,104.48. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Gary Haer sold 19,675 shares of Renewable Energy Group stock in a transaction on Friday, May 17th. The stock was sold at an average price of $16.28, for a total transaction of $320,309.00. Following the sale, the vice president now directly owns 29,185 shares of the company’s stock, valued at approximately $475,131.80. The disclosure for this sale can be found here. 3.01% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the company. LS Investment Advisors LLC grew its holdings in shares of Renewable Energy Group by 5.2% in the 1st quarter. LS Investment Advisors LLC now owns 11,144 shares of the oil and gas company’s stock valued at $245,000 after buying an additional 554 shares during the period. Piedmont Investment Advisors Inc. grew its holdings in shares of Renewable Energy Group by 6.7% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 9,463 shares of the oil and gas company’s stock valued at $208,000 after buying an additional 594 shares during the period. SG Americas Securities LLC grew its holdings in shares of Renewable Energy Group by 7.6% in the 1st quarter. SG Americas Securities LLC now owns 8,657 shares of the oil and gas company’s stock valued at $190,000 after buying an additional 613 shares during the period. Comerica Bank lifted its position in Renewable Energy Group by 1.9% in the 1st quarter. Comerica Bank now owns 36,928 shares of the oil and gas company’s stock valued at $866,000 after acquiring an additional 688 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its position in Renewable Energy Group by 2.4% in the 1st quarter. New York State Teachers Retirement System now owns 29,517 shares of the oil and gas company’s stock valued at $648,000 after acquiring an additional 692 shares in the last quarter.

About Renewable Energy Group

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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