Renewable Energy Group Inc (NASDAQ:REGI) has received a consensus rating of “Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $20.50.

Several equities research analysts have issued reports on the stock. Roth Capital set a $25.00 price target on shares of Renewable Energy Group and gave the company a “buy” rating in a research note on Tuesday, August 7th. Canaccord Genuity lifted their price target on shares of Renewable Energy Group from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, June 26th. BidaskClub lowered shares of Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 13th. Finally, Zacks Investment Research upgraded shares of Renewable Energy Group from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Saturday, August 11th.

REGI stock traded up $0.56 during midday trading on Friday, hitting $28.48. The company’s stock had a trading volume of 413,531 shares, compared to its average volume of 735,790. The company has a current ratio of 1.48, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. Renewable Energy Group has a twelve month low of $9.50 and a twelve month high of $29.58. The firm has a market capitalization of $1.07 billion, a P/E ratio of -13.96 and a beta of 1.20.

Renewable Energy Group (NASDAQ:REGI) last issued its quarterly earnings results on Monday, August 6th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.32. Renewable Energy Group had a net margin of 8.64% and a return on equity of 32.12%. The firm had revenue of $580.15 million for the quarter, compared to analyst estimates of $572.60 million. As a group, equities research analysts forecast that Renewable Energy Group will post 2.07 EPS for the current fiscal year.

In other news, VP Eric Bowen sold 20,000 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $27.45, for a total transaction of $549,000.00. Following the transaction, the vice president now directly owns 84,241 shares in the company, valued at approximately $2,312,415.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gary Haer sold 13,581 shares of the business’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $20.65, for a total transaction of $280,447.65. Following the transaction, the vice president now owns 77,329 shares in the company, valued at $1,596,843.85. The disclosure for this sale can be found here. Insiders sold a total of 40,350 shares of company stock worth $1,012,955 over the last quarter. Company insiders own 1.97% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. United Services Automobile Association increased its stake in shares of Renewable Energy Group by 1,005.8% during the 2nd quarter. United Services Automobile Association now owns 124,116 shares of the oil and gas company’s stock worth $2,215,000 after purchasing an additional 112,892 shares during the last quarter. Northern Trust Corp increased its stake in shares of Renewable Energy Group by 0.9% during the 2nd quarter. Northern Trust Corp now owns 808,314 shares of the oil and gas company’s stock worth $14,429,000 after purchasing an additional 7,513 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Renewable Energy Group by 104.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 452,633 shares of the oil and gas company’s stock worth $8,079,000 after purchasing an additional 230,703 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Renewable Energy Group by 73.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 38,117 shares of the oil and gas company’s stock worth $680,000 after purchasing an additional 16,103 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of Renewable Energy Group by 14.9% during the 2nd quarter. Millennium Management LLC now owns 799,466 shares of the oil and gas company’s stock worth $14,270,000 after purchasing an additional 103,824 shares during the last quarter.

About Renewable Energy Group

Renewable Energy Group, Inc produces and sells biofuels and renewable chemicals in North America. The company operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other segments. It acquires feedstock; and manages construction and operates biomass-based diesel production facilities.

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