Renewable Energy Group (REGI) Downgraded by BidaskClub

BidaskClub cut shares of Renewable Energy Group (NASDAQ:REGI) from a sell rating to a strong sell rating in a research report released on Thursday, January 18th.

REGI has been the topic of several other reports. Zacks Investment Research lowered shares of Renewable Energy Group from a hold rating to a sell rating in a report on Saturday, October 28th. Piper Jaffray Companies reiterated a hold rating and issued a $13.00 price objective on shares of Renewable Energy Group in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Renewable Energy Group currently has an average rating of Hold and an average price target of $15.33.

Shares of Renewable Energy Group (NASDAQ:REGI) opened at $10.85 on Thursday. Renewable Energy Group has a 1-year low of $8.35 and a 1-year high of $13.55. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.37. The firm has a market cap of $421.33, a price-to-earnings ratio of -9.95, a PEG ratio of 0.38 and a beta of 1.23.

Renewable Energy Group declared that its board has authorized a stock repurchase program on Thursday, December 14th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the oil and gas company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

In related news, Director Peter John Martin Harding purchased 5,000 shares of Renewable Energy Group stock in a transaction that occurred on Friday, December 15th. The stock was purchased at an average price of $11.14 per share, for a total transaction of $55,700.00. Following the transaction, the director now directly owns 64,136 shares in the company, valued at $714,475.04. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 1.54% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Federated Investors Inc. PA grew its stake in shares of Renewable Energy Group by 17.8% in the 2nd quarter. Federated Investors Inc. PA now owns 11,029 shares of the oil and gas company’s stock valued at $143,000 after buying an additional 1,668 shares during the period. Voya Investment Management LLC grew its stake in shares of Renewable Energy Group by 12.1% in the 2nd quarter. Voya Investment Management LLC now owns 22,206 shares of the oil and gas company’s stock valued at $288,000 after buying an additional 2,390 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Renewable Energy Group by 73.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,887 shares of the oil and gas company’s stock valued at $140,000 after buying an additional 5,020 shares during the period. First Trust Advisors LP grew its stake in shares of Renewable Energy Group by 16.7% in the 2nd quarter. First Trust Advisors LP now owns 40,086 shares of the oil and gas company’s stock valued at $519,000 after buying an additional 5,725 shares during the period. Finally, Swiss National Bank grew its stake in shares of Renewable Energy Group by 13.6% in the 2nd quarter. Swiss National Bank now owns 57,800 shares of the oil and gas company’s stock valued at $749,000 after buying an additional 6,900 shares during the period.

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About Renewable Energy Group

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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