Renewable Energy Group (REGI) Sets New 1-Year Low at $15.61

Renewable Energy Group Inc (NASDAQ:REGI) reached a new 52-week low during trading on Thursday . The company traded as low as $15.61 and last traded at $15.63, with a volume of 3379 shares changing hands. The stock had previously closed at $15.84.

A number of equities research analysts recently commented on REGI shares. Piper Jaffray Companies started coverage on Renewable Energy Group in a report on Thursday, April 4th. They issued an “overweight” rating and a $35.00 price objective for the company. BidaskClub downgraded Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 12th. Zacks Investment Research downgraded Renewable Energy Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 12th. BWS Financial initiated coverage on Renewable Energy Group in a report on Wednesday, April 24th. They issued a “buy” rating and a $31.00 price target for the company. Finally, TheStreet downgraded Renewable Energy Group from a “b” rating to a “c+” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $28.40.

The firm has a market capitalization of $588.35 million, a PE ratio of 2.31 and a beta of 0.94. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.27 and a quick ratio of 0.72.

Renewable Energy Group (NASDAQ:REGI) last announced its quarterly earnings results on Thursday, May 2nd. The oil and gas company reported ($1.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.70) by ($0.41). Renewable Energy Group had a return on equity of 6.23% and a net margin of 1.52%. The business had revenue of $478.21 million during the quarter, compared to the consensus estimate of $480.79 million. On average, equities analysts forecast that Renewable Energy Group Inc will post 0.09 EPS for the current fiscal year.

In related news, VP Gary Haer sold 11,679 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $16.87, for a total transaction of $197,024.73. Following the completion of the transaction, the vice president now directly owns 48,860 shares in the company, valued at $824,268.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Delbert Christensen acquired 1,750 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were purchased at an average price of $23.01 per share, with a total value of $40,267.50. Following the completion of the acquisition, the director now owns 76,191 shares of the company’s stock, valued at approximately $1,753,154.91. The disclosure for this purchase can be found here. Insiders sold 41,354 shares of company stock valued at $675,434 over the last 90 days. Corporate insiders own 3.01% of the company’s stock.

Large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Renewable Energy Group by 0.3% during the first quarter. BlackRock Inc. now owns 5,895,374 shares of the oil and gas company’s stock valued at $129,463,000 after purchasing an additional 16,265 shares during the last quarter. Vanguard Group Inc. boosted its position in Renewable Energy Group by 32.2% during the third quarter. Vanguard Group Inc. now owns 3,289,677 shares of the oil and gas company’s stock valued at $94,743,000 after purchasing an additional 801,780 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Renewable Energy Group by 29.5% during the first quarter. Robeco Institutional Asset Management B.V. now owns 1,167,366 shares of the oil and gas company’s stock valued at $25,636,000 after purchasing an additional 266,093 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Renewable Energy Group by 1.3% during the first quarter. Goldman Sachs Group Inc. now owns 818,976 shares of the oil and gas company’s stock valued at $17,985,000 after purchasing an additional 10,165 shares during the last quarter. Finally, DNB Asset Management AS boosted its position in Renewable Energy Group by 32.4% during the first quarter. DNB Asset Management AS now owns 808,914 shares of the oil and gas company’s stock valued at $17,764,000 after purchasing an additional 197,754 shares during the last quarter.

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Renewable Energy Group Company Profile (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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