BidaskClub upgraded shares of Renewable Energy Group (NASDAQ:REGI) from a sell rating to a hold rating in a report issued on Friday morning.

Other analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Renewable Energy Group from a sell rating to a hold rating in a research report on Thursday, October 5th. Piper Jaffray Companies reaffirmed a hold rating and set a $13.00 price target on shares of Renewable Energy Group in a research report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of $15.33.

Shares of Renewable Energy Group (REGI) opened at $11.75 on Friday. The company has a market cap of $462.33, a P/E ratio of -10.78 and a beta of 1.48. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.37. Renewable Energy Group has a 12-month low of $8.25 and a 12-month high of $13.55.

Renewable Energy Group (NASDAQ:REGI) last released its quarterly earnings results on Tuesday, November 7th. The oil and gas company reported ($0.29) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.11. The firm had revenue of $627.00 million for the quarter, compared to analyst estimates of $513.88 million. Renewable Energy Group had a negative net margin of 1.96% and a positive return on equity of 0.38%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 EPS. analysts forecast that Renewable Energy Group will post -1.63 earnings per share for the current year.

Renewable Energy Group announced that its board has authorized a stock buyback plan on Thursday, December 14th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the oil and gas company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

In related news, Director Peter John Martin Harding bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was purchased at an average price of $11.14 per share, for a total transaction of $55,700.00. Following the acquisition, the director now owns 64,136 shares of the company’s stock, valued at $714,475.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.54% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of REGI. Vanguard Group Inc. grew its stake in shares of Renewable Energy Group by 0.9% in the first quarter. Vanguard Group Inc. now owns 1,770,696 shares of the oil and gas company’s stock worth $18,504,000 after acquiring an additional 16,460 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Renewable Energy Group by 59.6% in the second quarter. Russell Investments Group Ltd. now owns 96,924 shares of the oil and gas company’s stock worth $1,255,000 after acquiring an additional 36,185 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Renewable Energy Group by 5.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 332,641 shares of the oil and gas company’s stock worth $4,308,000 after acquiring an additional 17,510 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Renewable Energy Group by 16.7% in the second quarter. First Trust Advisors LP now owns 40,086 shares of the oil and gas company’s stock worth $519,000 after acquiring an additional 5,725 shares in the last quarter. Finally, Dupont Capital Management Corp acquired a new position in shares of Renewable Energy Group in the second quarter worth $467,000.

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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.

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