BidaskClub upgraded shares of Renewable Energy Group (NASDAQ:REGI) from a sell rating to a hold rating in a research report released on Saturday morning, BidAskClub reports.

REGI has been the subject of a number of other reports. Zacks Investment Research downgraded Renewable Energy Group from a hold rating to a strong sell rating in a report on Friday, July 19th. ValuEngine raised Renewable Energy Group from a hold rating to a buy rating in a research report on Saturday, August 10th. Finally, Roth Capital upgraded Renewable Energy Group from a neutral rating to a buy rating and set a $22.00 price objective on the stock in a report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Renewable Energy Group presently has an average rating of Buy and an average price target of $29.75.

Shares of REGI opened at $15.07 on Friday. The firm has a market capitalization of $548.53 million, a price-to-earnings ratio of 2.22 and a beta of 1.21. The firm’s fifty day simple moving average is $12.60 and its 200-day simple moving average is $17.73. Renewable Energy Group has a twelve month low of $9.90 and a twelve month high of $32.52. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.05.

Renewable Energy Group (NASDAQ:REGI) last issued its earnings results on Tuesday, August 6th. The oil and gas company reported ($1.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.92). The firm had revenue of $560.64 million for the quarter, compared to analyst estimates of $572.93 million. Renewable Energy Group had a negative return on equity of 5.90% and a negative net margin of 2.88%. On average, analysts predict that Renewable Energy Group will post -2.24 earnings per share for the current fiscal year.

In related news, insider Cynthia J. Warner acquired 4,000 shares of Renewable Energy Group stock in a transaction dated Monday, June 17th. The stock was acquired at an average price of $14.16 per share, for a total transaction of $56,640.00. Following the transaction, the insider now owns 62,578 shares of the company’s stock, valued at $886,104.48. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.01% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the business. Royce & Associates LP purchased a new position in shares of Renewable Energy Group during the first quarter worth about $38,000. Tower Research Capital LLC TRC lifted its position in Renewable Energy Group by 4,539.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,923 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 2,860 shares during the period. Meeder Asset Management Inc. lifted its position in Renewable Energy Group by 734.1% during the 2nd quarter. Meeder Asset Management Inc. now owns 10,393 shares of the oil and gas company’s stock worth $165,000 after acquiring an additional 9,147 shares during the period. Private Advisors LLC purchased a new position in shares of Renewable Energy Group in the 2nd quarter valued at approximately $174,000. Finally, SG Americas Securities LLC grew its stake 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 purchasing an additional 613 shares during the last quarter.

Renewable Energy Group Company Profile

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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