BidaskClub downgraded shares of Renewable Energy Group (NASDAQ:REGI) from a sell rating to a strong sell rating in a research report sent to investors on Thursday morning.

Several other research analysts also recently weighed in on REGI. Zacks Investment Research upgraded Renewable Energy Group from a sell rating to a hold rating in a research note on Thursday, September 21st. Piper Jaffray Companies reiterated a hold rating and issued a $13.00 target price on shares of Renewable Energy Group in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $15.33.

Renewable Energy Group (NASDAQ REGI) opened at $11.05 on Thursday. Renewable Energy Group has a 12 month low of $8.25 and a 12 month high of $13.55. The firm has a market capitalization of $427.51, a P/E ratio of -10.14, a price-to-earnings-growth ratio of 0.38 and a beta of 1.48. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.37.

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

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

In other Renewable Energy Group news, Director Peter John Martin Harding purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average cost of $11.14 per share, for a total transaction of $55,700.00. Following the completion of the purchase, the director now directly owns 64,136 shares in the company, valued at $714,475.04. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.54% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of REGI. Rubric Capital Management LP boosted its stake in shares of Renewable Energy Group by 512.6% in the third quarter. Rubric Capital Management LP now owns 892,068 shares of the oil and gas company’s stock valued at $10,839,000 after buying an additional 746,444 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Renewable Energy Group by 82.3% in the second quarter. Northern Trust Corp now owns 810,886 shares of the oil and gas company’s stock valued at $10,501,000 after buying an additional 366,009 shares in the last quarter. Formula Growth Ltd. boosted its stake in shares of Renewable Energy Group by 87.4% in the second quarter. Formula Growth Ltd. now owns 765,595 shares of the oil and gas company’s stock valued at $9,914,000 after buying an additional 357,000 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of Renewable Energy Group in the second quarter valued at approximately $3,340,000. Finally, New York State Common Retirement Fund raised its holdings in Renewable Energy Group by 389.2% during the second quarter. New York State Common Retirement Fund now owns 240,235 shares of the oil and gas company’s stock worth $3,111,000 after purchasing an additional 191,124 shares during the last quarter.

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About Renewable Energy Group

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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