Shares of Renewable Energy Group, Inc. (NASDAQ:REGI) have been given an average recommendation of “Buy” by the six brokerages that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $15.33.
A number of brokerages have recently issued reports on REGI. Zacks Investment Research upgraded shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. Piper Jaffray Companies restated a “hold” rating and issued a $13.00 target price on shares of Renewable Energy Group in a research note on Friday, November 3rd. BidaskClub upgraded shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Roth Capital set a $17.00 price objective on shares of Renewable Energy Group and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Finally, ValuEngine lowered shares of Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 8th.
Shares of Renewable Energy Group (NASDAQ REGI) traded up $0.10 during mid-day trading on Friday, reaching $11.40. 630,621 shares of the company’s stock were exchanged, compared to its average volume of 390,905. Renewable Energy Group has a 52-week low of $8.25 and a 52-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. The firm has a market cap of $438.81, a price-to-earnings ratio of 371.67 and a beta of 1.48.
Hedge funds and other institutional investors have recently bought and sold shares of the business. C M Bidwell & Associates Ltd. bought a new position in Renewable Energy Group in the 2nd quarter worth about $110,000. Old Mutual Global Investors UK Ltd. bought a new position in shares of Renewable Energy Group in the third quarter valued at approximately $120,000. Oppenheimer & Co. Inc. bought a new position in shares of Renewable Energy Group in the second quarter valued at approximately $142,000. Federated Investors Inc. PA boosted its holdings in shares of Renewable Energy Group by 17.8% in the second quarter. Federated Investors Inc. PA now owns 11,029 shares of the oil and gas company’s stock valued at $143,000 after acquiring an additional 1,668 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of Renewable Energy Group in the third quarter valued at approximately $139,000.
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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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