BidaskClub upgraded shares of Renewable Energy Group, Inc. (NASDAQ:REGI) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

Several other equities analysts have also recently commented on the stock. Piper Jaffray Companies set a $13.00 target price on shares of Renewable Energy Group and gave the company a hold rating in a research note on Wednesday, August 23rd. Roth Capital set a $17.00 target price on shares of Renewable Energy Group and gave the company a buy rating in a research note on Wednesday, August 23rd. Zacks Investment Research cut shares of Renewable Energy Group from a hold rating to a sell rating in a research note on Wednesday, August 9th. ValuEngine cut shares of Renewable Energy Group from a strong-buy rating to a buy rating in a research note on Tuesday, August 8th. Finally, Canaccord Genuity reissued a buy rating and set a $16.00 target price on shares of Renewable Energy Group in a research note on Wednesday, June 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $15.00.

Shares of Renewable Energy Group (NASDAQ:REGI) opened at 12.00 on Friday. The stock’s market capitalization is $464.27 million. The stock’s 50 day moving average is $12.03 and its 200 day moving average is $10.97. Renewable Energy Group has a 1-year low of $7.91 and a 1-year high of $13.39.

Renewable Energy Group (NASDAQ:REGI) last released its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.13. The company had revenue of $535.10 million for the quarter, compared to analyst estimates of $531.88 million. Renewable Energy Group had a negative net margin of 0.36% and a positive return on equity of 6.20%. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.18 EPS. On average, equities analysts forecast that Renewable Energy Group will post ($1.56) EPS for the current year.

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In other news, major shareholder Carlson Capital L. P sold 65,000 shares of Renewable Energy Group stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $12.83, for a total value of $833,950.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.28% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. C M Bidwell & Associates Ltd. acquired a new position in shares of Renewable Energy Group during the second quarter valued at about $110,000. Denver Investment Advisors LLC acquired a new position in shares of Renewable Energy Group during the first quarter valued at about $113,000. Oppenheimer & Co. Inc. acquired a new position in shares of Renewable Energy Group during the second quarter valued at about $142,000. Federated Investors Inc. PA boosted its position in shares of Renewable Energy Group by 17.8% in the second 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 in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of Renewable Energy Group by 155.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 11,754 shares of the oil and gas company’s stock valued at $123,000 after buying an additional 7,160 shares in the last quarter.

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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