Renewable Energy Group Inc (NASDAQ:REGI) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $15.33.
A number of equities research analysts recently weighed in on REGI shares. Zacks Investment Research upgraded shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. BidaskClub upgraded shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $16.00 price objective on shares of Renewable Energy Group in a report on Tuesday, March 6th.
Shares of Renewable Energy Group (NASDAQ:REGI) opened at $10.90 on Tuesday. Renewable Energy Group has a twelve month low of $9.41 and a twelve month high of $13.55. The firm has a market cap of $423.28, a PE ratio of -5.34, a P/E/G ratio of 0.39 and a beta of 1.14. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.37.
In related news, Director Peter John Martin Harding acquired 5,000 shares of the firm’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 acquisition, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.54% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Voya Investment Management LLC increased its position in 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 period. Tower Research Capital LLC TRC increased its position in Renewable Energy Group by 73.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,887 shares of the oil and gas company’s stock valued at $140,000 after purchasing an additional 5,020 shares during the period. Aperio Group LLC increased its position in 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 period. Hotchkis & Wiley Capital Management LLC purchased a new position in Renewable Energy Group during the 3rd quarter valued at about $139,000. Finally, Teacher Retirement System of Texas purchased a new position in Renewable Energy Group during the 4th quarter valued at about $140,000.
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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