Renewable Energy Group Inc (REGI) Given Average Recommendation of “Hold” by Analysts

Renewable Energy Group Inc (NASDAQ:REGI) has earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $15.33.

A number of brokerages have weighed in on REGI. Piper Jaffray Companies reissued a “hold” rating and issued a $13.00 target price on shares of Renewable Energy Group in a research report on Friday, November 3rd. Zacks Investment Research raised Renewable Energy Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, BidaskClub raised Renewable Energy Group from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th.

In other Renewable Energy Group news, Director Peter John Martin Harding bought 5,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was acquired at an average price of $11.14 per share, with a total value of $55,700.00. Following the transaction, the director now owns 64,136 shares in the company, valued at $714,475.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.54% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Federated Investors Inc. PA increased its position in shares of Renewable Energy Group by 17.8% during the 2nd 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. Voya Investment Management LLC increased its position in shares of Renewable Energy Group by 12.1% during the 2nd quarter. Voya Investment Management LLC now owns 22,206 shares of the oil and gas company’s stock valued at $288,000 after purchasing an additional 2,390 shares during the last quarter. First Trust Advisors LP increased its position in shares of Renewable Energy Group by 16.7% during the 2nd quarter. First Trust Advisors LP now owns 40,086 shares of the oil and gas company’s stock valued at $519,000 after purchasing an additional 5,725 shares during the last quarter. Swiss National Bank increased its position in shares of Renewable Energy Group by 13.6% during the 2nd quarter. Swiss National Bank now owns 57,800 shares of the oil and gas company’s stock valued at $749,000 after purchasing an additional 6,900 shares during the last quarter. Finally, Aperio Group LLC increased its position in shares of Renewable Energy Group by 13.5% during the 3rd quarter. Aperio Group LLC now owns 68,255 shares of the oil and gas company’s stock valued at $829,000 after purchasing an additional 8,121 shares during the last quarter.

Renewable Energy Group (NASDAQ REGI) opened at $11.05 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.17. The stock has a market capitalization of $427.51, a PE ratio of -10.14, a PEG ratio of 0.38 and a beta of 1.48. Renewable Energy Group has a 52-week low of $8.25 and a 52-week high of $13.55.

Renewable Energy Group (NASDAQ:REGI) last posted its quarterly earnings results on Tuesday, November 7th. The oil and gas company reported ($0.29) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.11. The firm had revenue of $627.00 million during 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 quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 EPS. research analysts expect that Renewable Energy Group will post -1.63 earnings per share for the current year.

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

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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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