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.
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.
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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