Renewable Energy Group (NASDAQ:REGI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Renewable Energy Group, Inc. produces and sells biofuels and renewable chemicals in the U.S. It operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other segments. It produces biomass-based diesel from a range of feedstocks, including inedible corn oil, used cooking oil, soybean oil, canola oil, and inedible animal fat. This segment is also involved in the purchase and resale of biomass-based diesel, petroleum-based diesel, renewable identification numbers, and raw material feedstocks acquired from third parties; and sale of glycerin, free fatty acids, naphtha, and other co-products of the biomass-based diesel production process. The Services segment provides facility management and operational services to biomass-based diesel production facilities, as well as to other clean-tech companies. This segment also offers construction management services for biomass-based diesel production facilities. REG is committed to being a long-term leader in bio-based fuel and chemicals. “

Other equities research analysts have also issued research reports about the company. BidaskClub raised Renewable Energy Group from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $13.00 target price on shares of Renewable Energy Group in a report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $15.33.

Renewable Energy Group (NASDAQ:REGI) traded down $0.15 during midday trading on Thursday, hitting $11.75. The stock had a trading volume of 315,100 shares, compared to its average volume of 307,500. The company has a market cap of $456.28, a PE ratio of -10.78, a price-to-earnings-growth ratio of 0.41 and a beta of 1.48. Renewable Energy Group has a 12 month low of $8.25 and a 12 month 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.

Renewable Energy Group (NASDAQ:REGI) last announced its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported ($0.29) earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $513.88 million. During the same quarter last year, the firm posted $0.59 EPS. The firm’s revenue for the quarter was up .4% on a year-over-year basis. equities research analysts forecast that Renewable Energy Group will post -1.63 earnings per share for the current fiscal year.

Renewable Energy Group declared that its Board of Directors has approved a stock buyback program on Thursday, December 14th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the oil and gas company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

In other news, Director Peter John Martin Harding bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was bought at an average price of $11.14 per share, for a total transaction of $55,700.00. Following the transaction, the director now directly owns 64,136 shares of the company’s stock, valued at approximately $714,475.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.54% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. 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. bought a new stake in Renewable Energy Group in the third quarter valued at approximately $120,000. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Renewable Energy Group during the third quarter valued at approximately $139,000. Oppenheimer & Co. Inc. bought a new position in shares of Renewable Energy Group during the second quarter valued at approximately $142,000. Finally, Federated Investors Inc. PA raised its holdings in shares of Renewable Energy Group by 17.8% during 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 acquiring an additional 1,668 shares in 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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