Renewable Energy Group, Inc. (NASDAQ:REGI) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

REGI has been the subject of several other research reports. Piper Jaffray Companies set a $13.00 price target on shares of Renewable Energy Group and gave the stock a “hold” rating in a research report on Saturday, July 22nd. Zacks Investment Research lowered shares of Renewable Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 6th. ValuEngine upgraded shares of Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 14th. Roth Capital set a $17.00 price target on shares of Renewable Energy Group and gave the company a “buy” rating in a research note on Wednesday, June 14th. Finally, Canaccord Genuity restated a “buy” rating and set a $16.00 price target on shares of Renewable Energy Group in a research note on Wednesday, June 14th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $15.00.

Shares of Renewable Energy Group (REGI) traded up 1.37% during mid-day trading on Friday, reaching $11.10. The company’s stock had a trading volume of 396,349 shares. The company’s market cap is $429.45 million. The company has a 50-day moving average of $12.18 and a 200-day moving average of $10.87. Renewable Energy Group has a 12 month low of $7.91 and a 12 month high of $13.39.

Renewable Energy Group (NASDAQ:REGI) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.13. The company had revenue of $535.10 million during the quarter, compared to analysts’ expectations of $531.88 million. Renewable Energy Group had a negative net margin of 0.36% and a positive return on equity of 6.20%. Renewable Energy Group’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share. Equities research analysts forecast that Renewable Energy Group will post ($1.56) earnings per share for the current fiscal year.

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In other news, Director Christopher D. Sorrells purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were purchased at an average cost of $11.14 per share, with a total value of $55,700.00. Following the completion of the acquisition, the director now owns 28,146 shares of the company’s stock, valued at approximately $313,546.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Carlson Capital L. P sold 65,000 shares of the stock in a transaction on Monday, June 26th. The stock was sold at an average price of $12.83, for a total transaction of $833,950.00. The disclosure for this sale can be found here. 2.28% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Alambic Investment Management L.P. increased its stake in shares of Renewable Energy Group by 29.7% in the first quarter. Alambic Investment Management L.P. now owns 176,519 shares of the oil and gas company’s stock worth $1,845,000 after buying an additional 40,400 shares during the period. Oxford Asset Management purchased a new stake in shares of Renewable Energy Group during the first quarter worth about $3,225,000. Parametric Portfolio Associates LLC increased its stake in shares of Renewable Energy Group by 70.2% in the first quarter. Parametric Portfolio Associates LLC now owns 147,663 shares of the oil and gas company’s stock worth $1,543,000 after buying an additional 60,920 shares during the period. Ameriprise Financial Inc. purchased a new stake in shares of Renewable Energy Group during the first quarter worth about $601,000. Finally, Denver Investment Advisors LLC purchased a new stake in shares of Renewable Energy Group during the first quarter worth about $113,000.

Renewable Energy Group Company Profile

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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