Zacks Investment Research upgraded shares of Renewable Energy Group (NASDAQ:REGI) from a strong sell rating to a hold rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “Renewable Energy Group, Inc. produces and sells biofuels and renewable chemicals in the U.S. It operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other segments. It produces biomass-based diesel from a range of feedstocks, including inedible corn oil, used cooking oil, soybean oil, canola oil, and inedible animal fat. This segment is also involved in the purchase and resale of biomass-based diesel, petroleum-based diesel, renewable identification numbers, and raw material feedstocks acquired from third parties; and sale of glycerin, free fatty acids, naphtha, and other co-products of the biomass-based diesel production process. The Services segment provides facility management and operational services to biomass-based diesel production facilities, as well as to other clean-tech companies. This segment also offers construction management services for biomass-based diesel production facilities. REG is committed to being a long-term leader in bio-based fuel and chemicals. “

Other research analysts have also recently issued reports about the company. BidaskClub upgraded Renewable Energy Group from a hold rating to a buy rating in a report on Saturday, October 5th. 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. ValuEngine upgraded Renewable Energy Group from a buy rating to a strong-buy rating in a report on Tuesday, September 10th. Finally, BWS Financial reiterated a buy rating on shares of Renewable Energy Group in a report on Friday, September 6th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and an average price target of $29.75.

REGI traded down $0.08 during trading hours on Wednesday, reaching $15.61. The company’s stock had a trading volume of 399,271 shares, compared to its average volume of 837,255. Renewable Energy Group has a fifty-two week low of $9.90 and a fifty-two week high of $32.52. The business’s 50-day moving average is $13.96 and its 200-day moving average is $16.28. 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 released its quarterly earnings data 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). Renewable Energy Group had a negative net margin of 2.88% and a negative return on equity of 5.90%. The business had revenue of $560.64 million during the quarter, compared to analyst estimates of $572.93 million. As a group, equities research analysts expect that Renewable Energy Group will post -2.17 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in REGI. NumerixS Investment Technologies Inc acquired a new position in Renewable Energy Group during the first quarter worth $198,000. AlphaCrest Capital Management LLC acquired a new position in Renewable Energy Group during the first quarter worth $497,000. Dynamic Technology Lab Private Ltd acquired a new position in Renewable Energy Group during the first quarter worth $373,000. OppenheimerFunds Inc. lifted its stake in Renewable Energy Group by 3.4% during the first quarter. OppenheimerFunds Inc. now owns 770,075 shares of the oil and gas company’s stock worth $16,911,000 after purchasing an additional 25,370 shares in the last quarter. Finally, Hancock Whitney Corp lifted its stake in Renewable Energy Group by 109.4% during the first quarter. Hancock Whitney Corp now owns 42,390 shares of the oil and gas company’s stock worth $931,000 after purchasing an additional 22,145 shares in 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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