Brokerages Set Renewable Energy Group Inc (REGI) Target Price at $26.33

Renewable Energy Group Inc (NASDAQ:REGI) has received an average recommendation of “Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $26.33.

Several research firms have weighed in on REGI. BidaskClub raised shares of Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a report on Friday, October 19th. Roth Capital set a $35.00 price target on shares of Renewable Energy Group and gave the company a “buy” rating in a report on Wednesday, October 17th. Canaccord Genuity set a $31.00 price target on shares of Renewable Energy Group and gave the company a “buy” rating in a report on Monday, October 15th. Finally, Zacks Investment Research cut shares of Renewable Energy Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 10th.

In other Renewable Energy Group news, VP Eric Bowen sold 6,769 shares of the stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $27.11, for a total value of $183,507.59. Following the transaction, the vice president now directly owns 104,452 shares of the company’s stock, valued at approximately $2,831,693.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Gary Haer sold 13,581 shares of the stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $20.65, for a total transaction of $280,447.65. Following the completion of the transaction, the vice president now directly owns 77,329 shares in the company, valued at $1,596,843.85. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,350 shares of company stock worth $1,012,955. Insiders own 1.97% of the company’s stock.



Several institutional investors and hedge funds have recently made changes to their positions in REGI. Meeder Asset Management Inc. increased its holdings in shares of Renewable Energy Group by 5,920.5% during the second quarter. Meeder Asset Management Inc. now owns 7,646 shares of the oil and gas company’s stock worth $136,000 after purchasing an additional 7,519 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of Renewable Energy Group during the second quarter worth approximately $138,000. Jane Street Group LLC bought a new position in shares of Renewable Energy Group during the first quarter worth approximately $149,000. BNP Paribas Arbitrage SA increased its holdings in shares of Renewable Energy Group by 81.5% during the first quarter. BNP Paribas Arbitrage SA now owns 14,606 shares of the oil and gas company’s stock worth $187,000 after purchasing an additional 6,560 shares during the period. Finally, Paloma Partners Management Co bought a new position in shares of Renewable Energy Group during the second quarter worth approximately $194,000.

Renewable Energy Group stock opened at $29.59 on Wednesday. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -14.50 and a beta of 1.21. 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 $31.62.

Renewable Energy Group (NASDAQ:REGI) last released its quarterly earnings results on Monday, August 6th. The oil and gas company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.32. The firm had revenue of $580.15 million for the quarter, compared to analysts’ expectations of $572.60 million. Renewable Energy Group had a net margin of 8.64% and a return on equity of 32.12%. As a group, equities analysts forecast that Renewable Energy Group will post 1.61 earnings per share for the current fiscal year.

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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