BidaskClub Lowers Renewable Energy Group (REGI) to Sell

Renewable Energy Group (NASDAQ:REGI) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday.

A number of other equities analysts also recently weighed in on the company. Zacks Investment Research raised Renewable Energy Group from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $15.33.

Renewable Energy Group (NASDAQ REGI) opened at $11.05 on Tuesday. Renewable Energy Group has a 12-month low of $8.25 and a 12-month high of $13.55. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.17 and a current ratio of 1.72. The firm has a market capitalization of $435.90, a P/E ratio of -10.14, a price-to-earnings-growth ratio of 0.39 and a beta of 1.48.

Renewable Energy Group (NASDAQ:REGI) last released its quarterly earnings results on Tuesday, November 7th. The oil and gas company reported ($0.29) earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $627.00 million during the quarter, compared to the consensus estimate of $513.88 million. During the same quarter in the prior year, the firm posted $0.59 EPS. The business’s revenue was up .4% on a year-over-year basis. sell-side analysts expect that Renewable Energy Group will post -1.63 earnings per share for the current year.

Renewable Energy Group announced that its board has approved a stock repurchase plan on Thursday, December 14th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the oil and gas company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

In related news, Director Peter John Martin Harding acquired 5,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was bought at an average price of $11.14 per share, with a total value of $55,700.00. Following the acquisition, the director now owns 64,136 shares in the company, valued at approximately $714,475.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.54% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Renewable Energy Group by 51.7% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 173,170 shares of the oil and gas company’s stock valued at $2,104,000 after buying an additional 59,012 shares during the last quarter. Rubric Capital Management LP boosted its holdings in shares of Renewable Energy Group by 512.6% in the 3rd quarter. Rubric Capital Management LP now owns 892,068 shares of the oil and gas company’s stock valued at $10,839,000 after buying an additional 746,444 shares during the last quarter. Wolverine Trading LLC acquired a new stake in shares of Renewable Energy Group in the 3rd quarter valued at approximately $145,000. California Public Employees Retirement System boosted its holdings in shares of Renewable Energy Group by 4.4% in the 3rd quarter. California Public Employees Retirement System now owns 509,967 shares of the oil and gas company’s stock valued at $6,196,000 after buying an additional 21,700 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of Renewable Energy Group by 15.5% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 156,654 shares of the oil and gas company’s stock valued at $1,902,000 after buying an additional 21,041 shares during the last quarter.

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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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