Renewable Energy Group (REGI) Downgraded by BidaskClub

BidaskClub cut shares of Renewable Energy Group (NASDAQ:REGI) from a hold rating to a sell rating in a report released on Tuesday.

REGI has been the topic of several other reports. Piper Jaffray Companies reaffirmed a hold rating and issued a $13.00 price objective on shares of Renewable Energy Group in a research report on Friday, November 3rd. Zacks Investment Research lowered shares of Renewable Energy Group from a hold rating to a sell rating in a research note on Saturday, October 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $15.33.

Renewable Energy Group (NASDAQ REGI) traded down $0.05 during mid-day trading on Tuesday, reaching $11.25. The company had a trading volume of 221,704 shares, compared to its average volume of 403,756. The company has a market cap of $429.10, a PE ratio of -10.32, a PEG ratio of 0.39 and a beta of 1.48. Renewable Energy Group has a fifty-two week low of $8.25 and a fifty-two week high of $13.55. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.17.

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

Renewable Energy Group announced that its Board of Directors has authorized a share repurchase plan on Thursday, December 14th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the oil and gas company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.

In related news, Director Peter John Martin Harding bought 5,000 shares of the firm’s stock in a transaction on 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 purchase, the director now owns 64,136 shares in the company, valued at $714,475.04. The acquisition was disclosed in a filing with the SEC, which is available through this link. 1.54% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Federated Investors Inc. PA raised its stake in Renewable Energy Group by 17.8% during the 2nd quarter. Federated Investors Inc. PA now owns 11,029 shares of the oil and gas company’s stock valued at $143,000 after buying an additional 1,668 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of Renewable Energy Group by 12.1% in the 2nd quarter. Voya Investment Management LLC now owns 22,206 shares of the oil and gas company’s stock worth $288,000 after purchasing an additional 2,390 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Renewable Energy Group by 16.7% in the 2nd quarter. First Trust Advisors LP now owns 40,086 shares of the oil and gas company’s stock worth $519,000 after purchasing an additional 5,725 shares in the last quarter. Swiss National Bank increased its stake in shares of Renewable Energy Group by 13.6% in the 2nd quarter. Swiss National Bank now owns 57,800 shares of the oil and gas company’s stock worth $749,000 after purchasing an additional 6,900 shares in the last quarter. Finally, Aperio Group LLC increased its stake in shares of Renewable Energy Group by 13.5% in the 3rd quarter. Aperio Group LLC now owns 68,255 shares of the oil and gas company’s stock worth $829,000 after purchasing an additional 8,121 shares in 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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