Renewable Energy Group (NASDAQ:REGI) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Thursday.

Several other brokerages have also commented on REGI. Piper Jaffray Companies restated a “hold” rating and set a $13.00 price target on shares of Renewable Energy Group in a research note on Friday, November 3rd. Zacks Investment Research upgraded Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Renewable Energy Group has an average rating of “Hold” and an average target price of $15.33.

Shares of Renewable Energy Group (NASDAQ:REGI) opened at $11.12 on Thursday. The company has a market capitalization of $432.01, a PE ratio of -10.20, a price-to-earnings-growth ratio of 0.39 and a beta of 1.48. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.17 and a current ratio of 1.72. Renewable Energy Group has a 12 month low of $8.25 and a 12 month high of $13.55.

Renewable Energy Group (NASDAQ:REGI) last announced its quarterly earnings results on Tuesday, November 7th. The oil and gas company reported ($0.29) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.40) by $0.11. The company had revenue of $627.00 million during the quarter, compared to analyst estimates of $513.88 million. Renewable Energy Group had a positive return on equity of 0.38% and a negative net margin of 1.96%. The firm’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 earnings per share. sell-side analysts anticipate that Renewable Energy Group will post -1.63 EPS for the current fiscal year.

Renewable Energy Group announced that its board has initiated a share repurchase plan on Thursday, December 14th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the oil and gas company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

In related news, Director Peter John Martin Harding bought 5,000 shares of the stock in a transaction dated Friday, December 15th. The stock was acquired at an average price of $11.14 per share, for a total transaction of $55,700.00. Following the completion of the purchase, the director now owns 64,136 shares in the company, valued at $714,475.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.54% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its stake in shares of Renewable Energy Group by 3.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 373,523 shares of the oil and gas company’s stock valued at $4,408,000 after buying an additional 12,102 shares in the last quarter. Thomson Horstmann & Bryant Inc. grew its stake in shares of Renewable Energy Group by 11.1% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 423,949 shares of the oil and gas company’s stock valued at $5,002,000 after buying an additional 42,383 shares in the last quarter. DnB Asset Management AS grew its stake in shares of Renewable Energy Group by 4.7% in the fourth quarter. DnB Asset Management AS now owns 2,626,745 shares of the oil and gas company’s stock valued at $30,996,000 after buying an additional 118,653 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Renewable Energy Group by 51.7% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 173,170 shares of the oil and gas company’s stock valued at $2,104,000 after buying an additional 59,012 shares in the last quarter. Finally, Rubric Capital Management LP grew its stake in shares of Renewable Energy Group by 512.6% in the third quarter. Rubric Capital Management LP now owns 892,068 shares of the oil and gas company’s stock valued at $10,839,000 after buying an additional 746,444 shares in the last quarter.

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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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