BidaskClub downgraded shares of Renewable Energy Group (NASDAQ:REGI) from a hold rating to a sell rating in a report released on Tuesday.

REGI has been the subject of several other reports. Zacks Investment Research lowered Renewable Energy Group from a hold rating to a sell rating in a research note on Saturday, October 28th. Piper Jaffray Companies reiterated a hold rating and issued a $13.00 price target on shares of Renewable Energy Group in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Renewable Energy Group has an average rating of Hold and an average target price of $15.33.

Renewable Energy Group (NASDAQ REGI) traded down $0.05 during trading hours on Tuesday, hitting $11.25. The stock had a trading volume of 221,704 shares, compared to its average volume of 403,756. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.17. The stock has a market cap of $429.10, a price-to-earnings ratio of -10.32, a price-to-earnings-growth ratio of 0.39 and a beta of 1.48. Renewable Energy Group has a 52-week low of $8.25 and a 52-week high of $13.55.

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

Renewable Energy Group announced that its Board of Directors has initiated a share buyback program on Thursday, December 14th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the oil and gas company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

In other Renewable Energy Group news, Director Peter John Martin Harding purchased 5,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was acquired at an average price of $11.14 per share, for a total transaction of $55,700.00. Following the purchase, the director now owns 64,136 shares of the company’s stock, valued at approximately $714,475.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.54% of the company’s stock.

Hedge funds have recently modified their holdings of the business. C M Bidwell & Associates Ltd. bought a new position in shares of Renewable Energy Group during the 2nd quarter valued at about $110,000. Old Mutual Global Investors UK Ltd. bought a new position in shares of Renewable Energy Group during the 3rd quarter valued at about $120,000. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Renewable Energy Group during the 3rd quarter valued at about $139,000. Oppenheimer & Co. Inc. bought a new position in shares of Renewable Energy Group during the 2nd quarter valued at about $142,000. Finally, Federated Investors Inc. PA boosted its holdings in shares of Renewable Energy Group by 17.8% during the 2nd quarter. Federated Investors Inc. PA now owns 11,029 shares of the oil and gas company’s stock valued at $143,000 after purchasing an additional 1,668 shares during the last quarter.

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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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