Renewable Energy Group Inc (REGI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Renewable Energy Group Inc (NASDAQ:REGI) have received a consensus rating of “Hold” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $15.33.

A number of brokerages recently weighed in on REGI. Zacks Investment Research lowered Renewable Energy Group from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. BidaskClub raised Renewable Energy Group from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $13.00 price objective on shares of Renewable Energy Group in a report on Friday, November 3rd.

Renewable Energy Group (REGI) opened at $11.25 on Friday. Renewable Energy Group has a twelve month low of $8.35 and a twelve month high of $13.55. The firm has a market capitalization of $419.78, a price-to-earnings ratio of -10.32, a P/E/G ratio of 0.37 and a beta of 1.23. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.37.

Renewable Energy Group declared that its Board of Directors has authorized a share buyback program on Thursday, December 14th that allows the company to buyback $75.00 million in outstanding shares. This buyback authorization allows the oil and gas company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

In other Renewable Energy Group news, Director Peter John Martin Harding acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average price 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 of the company’s stock, valued at approximately $714,475.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.54% of the company’s stock.

A number of hedge funds have recently made changes to their positions in REGI. Old Mutual Global Investors UK Ltd. acquired a new stake in Renewable Energy Group in the third quarter valued at $120,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in Renewable Energy Group in the third quarter valued at $139,000. Tower Research Capital LLC TRC grew its holdings in Renewable Energy Group by 73.1% in the fourth 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 last quarter. Teacher Retirement System of Texas acquired a new stake in Renewable Energy Group in the fourth quarter valued at $140,000. Finally, Wolverine Trading LLC acquired a new stake in Renewable Energy Group in the third quarter valued at $145,000.

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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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