BidaskClub upgraded shares of Renewable Energy Group (NASDAQ:REGI) from a sell rating to a hold rating in a report issued on Thursday.

Several other equities analysts have also commented on the company. Zacks Investment Research lowered Renewable Energy Group from a hold rating to a sell rating in a research report on Saturday, October 28th. Piper Jaffray Companies reaffirmed a hold rating and issued a $13.00 target price on shares of Renewable Energy Group in a research report on Friday, November 3rd. Finally, Roth Capital set a $17.00 target price on Renewable Energy Group and gave the company a buy rating in a research report on Wednesday, August 23rd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $15.33.

Renewable Energy Group (NASDAQ REGI) traded up $0.05 during trading on Thursday, reaching $11.55. The company had a trading volume of 240,407 shares, compared to its average volume of 350,290. The firm has a market cap of $446.86, a price-to-earnings ratio of 385.00 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 has a 12-month low of $8.25 and a 12-month high of $13.55.

Renewable Energy Group (NASDAQ:REGI) last released its quarterly earnings results 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 for 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 for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. sell-side analysts anticipate that Renewable Energy Group will post -1.63 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in REGI. Teachers Advisors LLC raised its position in shares of Renewable Energy Group by 47.8% in the 1st quarter. Teachers Advisors LLC now owns 232,137 shares of the oil and gas company’s stock valued at $2,426,000 after purchasing an additional 75,065 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Renewable Energy Group by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 1,770,696 shares of the oil and gas company’s stock valued at $18,504,000 after purchasing an additional 16,460 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Renewable Energy Group by 6.9% in the 1st quarter. Geode Capital Management LLC now owns 291,676 shares of the oil and gas company’s stock valued at $3,048,000 after purchasing an additional 18,869 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Renewable Energy Group by 8.5% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 31,771 shares of the oil and gas company’s stock valued at $332,000 after purchasing an additional 2,486 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Renewable Energy Group by 1.5% in the 2nd quarter. Bank of Montreal Can now owns 104,810 shares of the oil and gas company’s stock valued at $1,358,000 after purchasing an additional 1,593 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: “Renewable Energy Group (REGI) Upgraded at BidaskClub” was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The original version of this piece of content can be read at https://www.watchlistnews.com/renewable-energy-group-regi-upgraded-at-bidaskclub/1756008.html.

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.

Receive News & Ratings for Renewable Energy Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renewable Energy Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.