BidaskClub upgraded shares of Renewable Energy Group (NASDAQ:REGI) from a buy rating to a strong-buy rating in a research report released on Friday.

Several other research analysts have also commented on REGI. Canaccord Genuity raised their price objective on Renewable Energy Group from $16.00 to $20.00 and gave the company a buy rating in a research report on Tuesday, June 26th. Roth Capital set a $25.00 price objective on Renewable Energy Group and gave the company a buy rating in a research report on Tuesday, August 7th. Finally, Zacks Investment Research raised Renewable Energy Group from a hold rating to a buy rating and set a $23.00 price objective on the stock in a research report on Saturday, August 11th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Renewable Energy Group currently has a consensus rating of Buy and a consensus price target of $25.50.

NASDAQ:REGI traded down $1.53 during mid-day trading on Friday, hitting $29.61. The company had a trading volume of 1,606,677 shares, compared to its average volume of 993,549. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.48 and a quick ratio of 1.06. Renewable Energy Group has a 1 year low of $9.50 and a 1 year high of $31.62. The firm has a market capitalization of $1.16 billion, a PE ratio of -14.51 and a beta of 1.21.

Renewable Energy Group (NASDAQ:REGI) last released its quarterly earnings data on Monday, August 6th. The oil and gas company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.46 by $0.32. Renewable Energy Group had a return on equity of 32.12% and a net margin of 8.64%. The company had revenue of $580.15 million for the quarter, compared to analyst estimates of $572.60 million. Equities analysts anticipate that Renewable Energy Group will post 1.61 EPS for the current year.

In other news, VP Eric Bowen sold 6,769 shares of Renewable Energy Group stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $27.11, for a total transaction of $183,507.59. Following the sale, the vice president now directly owns 104,452 shares of the company’s stock, valued at $2,831,693.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Gary Haer sold 13,581 shares of Renewable Energy Group stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $20.65, for a total value of $280,447.65. Following the sale, the vice president now directly owns 77,329 shares in the company, valued at $1,596,843.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,350 shares of company stock worth $1,012,955. Corporate insiders own 1.97% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Renewable Energy Group by 64.0% during the second quarter. BlackRock Inc. now owns 5,251,969 shares of the oil and gas company’s stock worth $93,749,000 after acquiring an additional 2,049,773 shares during the last quarter. Towle & Co. grew its stake in Renewable Energy Group by 6.9% in the second quarter. Towle & Co. now owns 1,889,403 shares of the oil and gas company’s stock worth $33,726,000 after purchasing an additional 122,130 shares in the last quarter. OppenheimerFunds Inc. grew its stake in Renewable Energy Group by 8.6% in the second quarter. OppenheimerFunds Inc. now owns 1,495,056 shares of the oil and gas company’s stock worth $26,687,000 after purchasing an additional 118,756 shares in the last quarter. Renaissance Technologies LLC grew its stake in Renewable Energy Group by 14.8% in the second quarter. Renaissance Technologies LLC now owns 1,293,179 shares of the oil and gas company’s stock worth $23,083,000 after purchasing an additional 166,412 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Renewable Energy Group by 0.9% in the second quarter. Northern Trust Corp now owns 808,314 shares of the oil and gas company’s stock worth $14,429,000 after purchasing an additional 7,513 shares in the last quarter.

About Renewable Energy Group

Renewable Energy Group, Inc produces and sells biofuels and renewable chemicals in North America. The company operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other segments. It acquires feedstock; and manages construction and operates biomass-based diesel production facilities.

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