Renewable Energy Group (REGI) Stock Rating Upgraded by BidaskClub
Renewable Energy Group (NASDAQ:REGI) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Thursday.
Several other research firms have also issued reports 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 set a $13.00 price objective on Renewable Energy Group and gave the company a “hold” rating in a research note on Wednesday, August 23rd. Finally, Roth Capital set a $17.00 price objective on Renewable Energy Group and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $15.33.
Shares of Renewable Energy Group (NASDAQ:REGI) traded up $0.05 during midday trading on Thursday, reaching $11.55. The company had a trading volume of 221,307 shares, compared to its average volume of 350,290. Renewable Energy Group has a 1 year low of $8.25 and a 1 year high of $13.55. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $444.92, a PE ratio of 383.33 and a beta of 1.48.
A number of large investors have recently added to or reduced their stakes in REGI. C M Bidwell & Associates Ltd. bought a new stake in Renewable Energy Group in the second quarter valued at approximately $110,000. Old Mutual Global Investors UK Ltd. purchased a new position in Renewable Energy Group in the third quarter valued at approximately $120,000. Hotchkis & Wiley Capital Management LLC purchased a new position in Renewable Energy Group in the third quarter valued at approximately $139,000. Oppenheimer & Co. Inc. purchased a new position in Renewable Energy Group in the second quarter valued at approximately $142,000. Finally, Federated Investors Inc. PA lifted its stake in Renewable Energy Group by 17.8% in the second quarter. Federated Investors Inc. PA now owns 11,029 shares of the oil and gas company’s stock valued at $143,000 after purchasing an additional 1,668 shares during the last quarter.
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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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