Renewable Energy Group Inc (NASDAQ:REGI) VP Eric Bowen sold 6,769 shares of the stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $27.11, for a total value of $183,507.59. Following the sale, the vice president now directly owns 104,452 shares in the company, valued at approximately $2,831,693.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Eric Bowen also recently made the following trade(s):

  • On Monday, September 17th, Eric Bowen sold 20,000 shares of Renewable Energy Group stock. The shares were sold at an average price of $27.45, for a total value of $549,000.00.

NASDAQ:REGI traded up $0.57 during trading hours on Friday, hitting $26.96. 484,595 shares of the company were exchanged, compared to its average volume of 736,637. The firm has a market cap of $1.07 billion, a P/E ratio of -13.22 and a beta of 1.20. The company has a quick ratio of 1.06, a current ratio of 1.48 and a debt-to-equity ratio of 0.04. Renewable Energy Group Inc has a one year low of $9.50 and a one year high of $29.58.

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

A number of large investors have recently made changes to their positions in the stock. Rhumbline Advisers raised its position in shares of Renewable Energy Group by 119.5% in the 2nd quarter. Rhumbline Advisers now owns 83,554 shares of the oil and gas company’s stock worth $1,491,000 after acquiring an additional 45,489 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Renewable Energy Group by 104.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 76,563 shares of the oil and gas company’s stock worth $1,367,000 after acquiring an additional 39,068 shares in the last quarter. OppenheimerFunds Inc. raised its position in shares of Renewable Energy Group by 8.6% in the 2nd quarter. OppenheimerFunds Inc. now owns 1,495,056 shares of the oil and gas company’s stock worth $26,687,000 after acquiring an additional 118,756 shares in the last quarter. BlackRock Inc. raised its position in shares of Renewable Energy Group by 64.0% in the 2nd quarter. BlackRock Inc. now owns 5,251,969 shares of the oil and gas company’s stock worth $93,749,000 after acquiring an additional 2,049,773 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Renewable Energy Group in the 2nd quarter worth about $454,000.

A number of equities research analysts have weighed in on the company. Canaccord Genuity raised their target price on Renewable Energy Group from $16.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, June 26th. BidaskClub cut Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research cut Renewable Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, Roth Capital set a $25.00 price target on Renewable Energy Group and gave the company a “buy” rating in a research note on Tuesday, August 7th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $20.50.

Renewable Energy Group Company Profile

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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