Stock Traders Buy Large Volume of Call Options on Renewable Energy Group (REGI)

Renewable Energy Group Inc (NASDAQ:REGI) was the target of unusually large options trading on Monday. Stock traders bought 1,025 call options on the company. This represents an increase of 1,553% compared to the typical volume of 62 call options.

Shares of Renewable Energy Group (REGI) opened at $10.70 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.17 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. The firm has a market cap of $413.97, a price-to-earnings ratio of -9.82, a P/E/G ratio of 0.37 and a beta of 1.48.

Renewable Energy Group (NASDAQ:REGI) last posted its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported ($0.29) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.11. The company had revenue of $627.00 million during the quarter, compared to analysts’ expectations of $513.88 million. Renewable Energy Group had a negative net margin of 1.96% and a positive return on equity of 0.38%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 EPS. analysts anticipate that Renewable Energy Group will post -1.63 earnings per share for the current year.

Renewable Energy Group declared that its board has authorized a share repurchase plan on Thursday, December 14th that permits the company to repurchase $75.00 million in shares. This repurchase authorization permits the oil and gas company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

In other news, Director Peter John Martin Harding acquired 5,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was acquired at an average cost of $11.14 per share, for a total transaction of $55,700.00. Following the acquisition, the director now directly owns 64,136 shares in the company, valued at approximately $714,475.04. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.54% of the company’s stock.

Large investors have recently bought and sold shares of the business. C M Bidwell & Associates Ltd. purchased a new position in Renewable Energy Group in the 2nd quarter valued at about $110,000. Old Mutual Global Investors UK Ltd. purchased a new position in Renewable Energy Group in the 3rd quarter valued at about $120,000. Hotchkis & Wiley Capital Management LLC purchased a new position in Renewable Energy Group in the 3rd quarter valued at about $139,000. Wolverine Trading LLC purchased a new position in Renewable Energy Group in the 3rd quarter valued at about $145,000. Finally, Stifel Financial Corp purchased a new position in Renewable Energy Group in the 2nd quarter valued at about $152,000.

A number of analysts recently weighed in on the stock. BidaskClub cut shares of Renewable Energy Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Zacks Investment Research raised shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $13.00 price target on shares of Renewable Energy Group in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $15.33.

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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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