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

Several other equities analysts also recently issued reports on the company. BidaskClub upgraded Renewable Energy Group from a sell rating to a hold rating in a research report on Saturday, September 7th. BWS Financial restated a buy rating on shares of Renewable Energy Group in a research report on Friday, September 6th. Roth Capital upgraded Renewable Energy Group from a neutral rating to a buy rating and set a $22.00 target price for the company in a research report on Monday, June 24th. Finally, Zacks Investment Research downgraded Renewable Energy Group from a hold rating to a strong sell rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $29.75.

Shares of NASDAQ REGI traded up $0.02 during midday trading on Tuesday, reaching $15.35. 8,386 shares of the company’s stock were exchanged, compared to its average volume of 970,388. Renewable Energy Group has a 52-week low of $9.90 and a 52-week high of $32.52. The stock has a market capitalization of $597.45 million, a PE ratio of 2.28 and a beta of 1.21. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.58 and a current ratio of 1.14. The business’s fifty day moving average price is $12.60 and its two-hundred day moving average price is $17.67.

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

In other Renewable Energy Group news, insider Cynthia J. Warner acquired 4,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was purchased at an average cost of $14.16 per share, for a total transaction of $56,640.00. Following the completion of the acquisition, the insider now owns 62,578 shares of the company’s stock, valued at approximately $886,104.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.01% of the company’s stock.

Large investors have recently modified their holdings of the stock. Royce & Associates LP bought a new stake in Renewable Energy Group during the first quarter valued at about $38,000. Tower Research Capital LLC TRC boosted its holdings in Renewable Energy Group by 4,539.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,923 shares of the oil and gas company’s stock valued at $46,000 after acquiring an additional 2,860 shares during the period. SG Americas Securities LLC boosted its holdings in Renewable Energy Group by 7.6% during the first quarter. SG Americas Securities LLC now owns 8,657 shares of the oil and gas company’s stock valued at $190,000 after acquiring an additional 613 shares during the period. NumerixS Investment Technologies Inc bought a new stake in Renewable Energy Group during the first quarter valued at about $198,000. Finally, Victory Capital Management Inc. bought a new stake in Renewable Energy Group during the first quarter valued at about $205,000.

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

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