Shares of Renewable Energy Group Inc (NASDAQ:REGI) have been assigned a consensus recommendation of “Hold” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. One 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 target price among analysts that have updated their coverage on the stock in the last year is $15.33.
A number of analysts have commented on REGI shares. Zacks Investment Research downgraded Renewable Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. BidaskClub downgraded Renewable Energy Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 18th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $13.00 price target on shares of Renewable Energy Group in a report on Friday, November 3rd.
Shares of Renewable Energy Group (REGI) opened at $11.65 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $450.73, a price-to-earnings ratio of 388.33, a price-to-earnings-growth ratio of 0.40 and a beta of 1.23. Renewable Energy Group has a 12-month low of $8.35 and a 12-month high of $13.55.
In related news, Director Peter John Martin Harding purchased 5,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was bought at an average cost of $11.14 per share, with a total value of $55,700.00. Following the completion of the acquisition, the director now directly owns 64,136 shares in the company, valued at approximately $714,475.04. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.54% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. increased its stake in Renewable Energy Group by 15.5% in the third 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 purchasing an additional 21,041 shares during the last quarter. Alliancebernstein L.P. increased its stake in Renewable Energy Group by 249.4% in the second quarter. Alliancebernstein L.P. now owns 84,550 shares of the oil and gas company’s stock valued at $1,095,000 after purchasing an additional 60,350 shares during the last quarter. California Public Employees Retirement System increased its stake in Renewable Energy Group by 4.4% in the third 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 purchasing an additional 21,700 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Renewable Energy Group by 12.9% in the third quarter. Ameriprise Financial Inc. now owns 167,528 shares of the oil and gas company’s stock valued at $2,035,000 after purchasing an additional 19,165 shares during the last quarter. Finally, Unison Advisors LLC acquired a new position in Renewable Energy Group in the fourth quarter valued at $557,000.
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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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