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.
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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