ValuEngine downgraded shares of Renewable Energy Group, Inc. (NASDAQ:REGI) from a strong-buy rating to a buy rating in a report released on Tuesday.

A number of other research analysts have also weighed in on REGI. Roth Capital set a $17.00 price objective on Renewable Energy Group and gave the company a buy rating in a report on Wednesday, June 14th. Canaccord Genuity reissued a buy rating and issued a $16.00 price objective on shares of Renewable Energy Group in a report on Wednesday, June 14th. Piper Jaffray Companies set a $13.00 price objective on Renewable Energy Group and gave the company a hold rating in a report on Saturday, July 22nd. BidaskClub lowered Renewable Energy Group from a buy rating to a hold rating in a report on Monday, July 31st. Finally, Zacks Investment Research lowered Renewable Energy Group from a strong-buy rating to a hold rating in a report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $15.00.

Renewable Energy Group (NASDAQ REGI) remained flat at $11.55 during midday trading on Tuesday. 407,572 shares of the company’s stock traded hands. The firm’s market cap is $446.86 million. The stock has a 50 day moving average price of $12.38 and a 200 day moving average price of $10.78. Renewable Energy Group has a 12-month low of $7.91 and a 12-month high of $13.39.

Renewable Energy Group (NASDAQ:REGI) last announced its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.13. Renewable Energy Group had a negative net margin of 0.36% and a positive return on equity of 6.20%. The business had revenue of $535.10 million for the quarter, compared to analyst estimates of $531.88 million. During the same period in the prior year, the company earned $0.18 earnings per share. The company’s quarterly revenue was down 4.2% on a year-over-year basis. On average, analysts expect that Renewable Energy Group will post $1.56 EPS for the current fiscal year.

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In other news, major shareholder Carlson Capital L. P sold 65,000 shares of the company’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $12.83, for a total value of $833,950.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Christopher D. Sorrells bought 5,000 shares of the stock in a transaction dated Tuesday, May 30th. The stock was bought at an average price of $11.14 per share, for a total transaction of $55,700.00. Following the purchase, the director now directly owns 28,146 shares of the company’s stock, valued at $313,546.44. The disclosure for this purchase can be found here. 2.28% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of REGI. Parametric Portfolio Associates LLC increased its stake in shares of Renewable Energy Group by 70.2% in the first quarter. Parametric Portfolio Associates LLC now owns 147,663 shares of the oil and gas company’s stock worth $1,543,000 after buying an additional 60,920 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Renewable Energy Group during the first quarter worth approximately $601,000. Denver Investment Advisors LLC bought a new stake in shares of Renewable Energy Group during the first quarter worth approximately $113,000. Engineers Gate Manager LP increased its stake in shares of Renewable Energy Group by 24.1% in the first quarter. Engineers Gate Manager LP now owns 36,604 shares of the oil and gas company’s stock worth $383,000 after buying an additional 7,117 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in shares of Renewable Energy Group during the first quarter worth approximately $363,000. Hedge funds and other institutional investors own 98.17% of the company’s stock.

Renewable Energy Group Company Profile

Renewable Energy Group, Inc is focused on providing cleaner, lower carbon intensity products and services. The Company is a producer of biomass-based diesel in North America. Its segments include Biomass-based diesel, Services, Renewable Chemicals and Corporate and other activities. It is involved in various activities related to biomass-based diesel production, from acquiring feedstock, managing construction and operating biomass-based diesel production facilities to marketing, selling and distributing biomass-based diesel and its co-products.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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