Renewable Energy Group (NASDAQ:REGI) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Friday.
Other analysts have also issued reports about the company. ValuEngine lowered Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 2nd. Canaccord Genuity restated a “buy” rating and issued a $16.00 target price on shares of Renewable Energy Group in a research note on Tuesday, March 6th. Finally, Zacks Investment Research upgraded Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Renewable Energy Group has a consensus rating of “Buy” and an average price target of $14.75.
Shares of REGI opened at $13.80 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. Renewable Energy Group has a 1 year low of $9.50 and a 1 year high of $14.10.
In related news, Director Delbert Christensen acquired 7,441 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The shares were bought at an average cost of $11.60 per share, for a total transaction of $86,315.60. Following the purchase, the director now owns 68,756 shares in the company, valued at approximately $797,569.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter John Martin Harding acquired 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The shares were bought at an average price of $10.94 per share, for a total transaction of $218,800.00. Following the completion of the purchase, the director now owns 73,592 shares in the company, valued at approximately $805,096.48. The disclosure for this purchase can be found here. Insiders own 1.54% of the company’s stock.
Several large investors have recently added to or reduced their stakes in REGI. Nationwide Fund Advisors raised its stake in shares of Renewable Energy Group by 114.0% during the 3rd quarter. Nationwide Fund Advisors now owns 260,294 shares of the oil and gas company’s stock valued at $3,163,000 after purchasing an additional 138,674 shares during the period. Sei Investments Co. raised its stake in shares of Renewable Energy Group by 329.6% during the 3rd quarter. Sei Investments Co. now owns 15,847 shares of the oil and gas company’s stock valued at $193,000 after purchasing an additional 12,158 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Renewable Energy Group by 67.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 162,447 shares of the oil and gas company’s stock valued at $1,974,000 after purchasing an additional 65,523 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Renewable Energy Group by 12.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 167,528 shares of the oil and gas company’s stock valued at $2,035,000 after purchasing an additional 19,165 shares during the period. Finally, Macquarie Group Ltd. bought a new stake in shares of Renewable Energy Group during the 3rd quarter valued at $548,000.
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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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