BidaskClub upgraded shares of Renewable Energy Group (NASDAQ:REGI) from a buy rating to a strong-buy rating in a research note published on Friday.

REGI has been the topic of several other reports. Roth Capital set a $35.00 price objective on Renewable Energy Group and gave the stock a buy rating in a research note on Wednesday, October 17th. Canaccord Genuity set a $31.00 price objective on Renewable Energy Group and gave the stock a buy rating in a research note on Monday, October 15th. Finally, Zacks Investment Research cut Renewable Energy Group from a strong-buy rating to a hold rating in a research note on Wednesday, October 10th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. Renewable Energy Group currently has an average rating of Buy and an average target price of $25.50.

Shares of REGI opened at $29.61 on Friday. Renewable Energy Group has a 12-month low of $9.50 and a 12-month high of $31.62. The firm has a market cap of $1.10 billion, a P/E ratio of 5.53 and a beta of 1.21. The company has a current ratio of 1.48, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04.

Renewable Energy Group (NASDAQ:REGI) last announced its quarterly earnings data on Monday, August 6th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.32. Renewable Energy Group had a return on equity of 32.12% and a net margin of 8.64%. The firm had revenue of $580.15 million for the quarter, compared to analysts’ expectations of $572.60 million. As a group, analysts predict that Renewable Energy Group will post 1.61 EPS for the current fiscal year.

In other Renewable Energy Group news, VP Gary Haer sold 13,581 shares of the stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $20.65, for a total value of $280,447.65. Following the sale, the vice president now directly owns 77,329 shares of the company’s stock, valued at $1,596,843.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Eric Bowen sold 20,000 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $27.45, for a total value of $549,000.00. Following the completion of the sale, the vice president now directly owns 84,241 shares in the company, valued at $2,312,415.45. The disclosure for this sale can be found here. Insiders have sold 40,350 shares of company stock worth $1,012,955 over the last 90 days. 1.97% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers increased its position in Renewable Energy Group by 119.5% in the second quarter. Rhumbline Advisers now owns 83,554 shares of the oil and gas company’s stock worth $1,491,000 after buying an additional 45,489 shares during the period. Massachusetts Financial Services Co. MA increased its position in Renewable Energy Group by 104.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 76,563 shares of the oil and gas company’s stock worth $1,367,000 after buying an additional 39,068 shares during the period. BlackRock Inc. increased its position in Renewable Energy Group by 64.0% in the second quarter. BlackRock Inc. now owns 5,251,969 shares of the oil and gas company’s stock worth $93,749,000 after buying an additional 2,049,773 shares during the period. OppenheimerFunds Inc. increased its position in Renewable Energy Group by 8.6% in the second quarter. OppenheimerFunds Inc. now owns 1,495,056 shares of the oil and gas company’s stock worth $26,687,000 after buying an additional 118,756 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in Renewable Energy Group in the second quarter worth $454,000.

Renewable Energy Group Company Profile

Renewable Energy Group, Inc produces and sells biofuels and renewable chemicals in North America. The company operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other segments. It acquires feedstock; and manages construction and operates biomass-based diesel production facilities.

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