Renewable Energy Group Inc (NASDAQ:REGI) shot up 5.3% during mid-day trading on Friday . The stock traded as high as $11.72 and last traded at $11.62, 1,280,639 shares traded hands during mid-day trading. An increase of 95% from the average session volume of 657,465 shares. The stock had previously closed at $11.03.
Several brokerages have recently issued reports on REGI. TheStreet lowered shares of Renewable Energy Group from a “b” rating to a “c+” rating in a research report on Friday, May 3rd. ValuEngine upgraded shares of Renewable Energy Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 10th. Zacks Investment Research lowered shares of Renewable Energy Group from a “hold” rating to a “strong sell” rating in a research report on Friday, July 19th. BidaskClub lowered shares of Renewable Energy Group from a “sell” rating to a “strong sell” rating in a research report on Friday, August 9th. Finally, Roth Capital upgraded shares of Renewable Energy Group from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Monday, June 24th. Two equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $29.75.
The stock has a market capitalization of $437.91 million, a price-to-earnings ratio of 1.71 and a beta of 1.20. The business’s 50-day moving average is $13.66 and its two-hundred day moving average is $19.00. The company has a quick ratio of 0.58, a current ratio of 1.14 and a debt-to-equity ratio of 0.05.
Renewable Energy Group (NASDAQ:REGI) last posted its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported ($1.51) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.92). The business had revenue of $560.64 million for the quarter, compared to analyst estimates of $572.93 million. Renewable Energy Group had a negative return on equity of 5.90% and a negative net margin of 2.88%. As a group, analysts forecast that Renewable Energy Group Inc will post -2.24 EPS for the current fiscal year.
In other Renewable Energy Group news, insider Cynthia J. Warner purchased 4,000 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were purchased at an average cost of $14.16 per share, for a total transaction of $56,640.00. Following the completion of the transaction, the insider now owns 62,578 shares of the company’s stock, valued at approximately $886,104.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.01% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Royce & Associates LP acquired a new position in Renewable Energy Group during the first quarter worth about $38,000. Tower Research Capital LLC TRC raised its stake in Renewable Energy Group by 4,539.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,923 shares of the oil and gas company’s stock worth $46,000 after purchasing an additional 2,860 shares during the period. SG Americas Securities LLC raised its stake in Renewable Energy Group by 7.6% during the first quarter. SG Americas Securities LLC now owns 8,657 shares of the oil and gas company’s stock worth $190,000 after purchasing an additional 613 shares during the period. NumerixS Investment Technologies Inc purchased a new position in Renewable Energy Group during the first quarter worth about $198,000. Finally, Victory Capital Management Inc. purchased a new position in Renewable Energy Group during the first quarter worth about $205,000.
About Renewable Energy Group (NASDAQ:REGI)
Renewable Energy Group, Inc produces cleaner and lower carbon transportation fuels. The company utilizes an integrated production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Biomass-Based Diesel, Services, and Corporate and Other segments.
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