Zacks Investment Research upgraded shares of Renewable Energy Group (NASDAQ:REGI) from a sell rating to a hold rating in a research report report published on Thursday, January 4th.

According to Zacks, “Renewable Energy Group, Inc. produces and sells biofuels and renewable chemicals in the U.S. It operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other segments. It produces biomass-based diesel from a range of feedstocks, including inedible corn oil, used cooking oil, soybean oil, canola oil, and inedible animal fat. This segment is also involved in the purchase and resale of biomass-based diesel, petroleum-based diesel, renewable identification numbers, and raw material feedstocks acquired from third parties; and sale of glycerin, free fatty acids, naphtha, and other co-products of the biomass-based diesel production process. The Services segment provides facility management and operational services to biomass-based diesel production facilities, as well as to other clean-tech companies. This segment also offers construction management services for biomass-based diesel production facilities. REG is committed to being a long-term leader in bio-based fuel and chemicals. “

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Other equities analysts have also issued reports about the stock. BidaskClub lowered shares of Renewable Energy Group from a hold rating to a sell rating in a research report on Saturday, December 16th. 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. 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 has an average rating of Hold and an average target price of $15.33.

Renewable Energy Group (REGI) opened at $10.70 on Thursday. Renewable Energy Group has a 1-year low of $8.25 and a 1-year high of $13.55. The stock has a market cap of $425.58, a PE ratio of 366.67, a price-to-earnings-growth ratio of 0.38 and a beta of 1.48. 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 (NASDAQ:REGI) last released its quarterly earnings results on Tuesday, November 7th. The oil and gas company reported ($0.29) earnings per share for the quarter, beating analysts’ consensus estimates 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 negative net margin of 1.96% and a positive return on equity of 0.38%. The company’s revenue was up .4% compared to the same quarter last year. During the same period last year, the business earned $0.59 EPS. equities analysts anticipate that Renewable Energy Group will post -1.63 earnings per share for the current year.

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

In other Renewable Energy Group news, Director Peter John Martin Harding purchased 5,000 shares of Renewable Energy Group stock in a transaction on Friday, December 15th. The stock was bought at an average cost of $11.14 per share, with a total value of $55,700.00. Following the transaction, the director now owns 64,136 shares of the company’s stock, valued at approximately $714,475.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.54% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Unison Advisors LLC acquired a new stake in Renewable Energy Group in the 4th quarter valued at $557,000. Bowling Portfolio Management LLC grew its stake in Renewable Energy Group by 16.9% in the 4th quarter. Bowling Portfolio Management LLC now owns 129,570 shares of the oil and gas company’s stock valued at $1,529,000 after acquiring an additional 18,753 shares during the period. Schwab Charles Investment Management Inc. grew its stake in Renewable Energy Group by 3.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 373,523 shares of the oil and gas company’s stock valued at $4,408,000 after acquiring an additional 12,102 shares during the period. Thomson Horstmann & Bryant Inc. grew its stake in Renewable Energy Group by 11.1% in the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 423,949 shares of the oil and gas company’s stock valued at $5,002,000 after acquiring an additional 42,383 shares during the period. Finally, DnB Asset Management AS grew its stake in Renewable Energy Group by 4.7% in the 4th quarter. DnB Asset Management AS now owns 2,626,745 shares of the oil and gas company’s stock valued at $30,996,000 after acquiring an additional 118,653 shares during the period.

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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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