Renewable Energy Group (NASDAQ:REGI) received a $35.00 price objective from Roth Capital in a note issued to investors on Wednesday, The Fly reports. The brokerage presently has a “buy” rating on the oil and gas company’s stock. Roth Capital’s price target would indicate a potential upside of 12.40% from the company’s previous close.

A number of other equities research analysts have also recently commented on REGI. Canaccord Genuity increased their price target on Renewable Energy Group from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, June 26th. BidaskClub cut Renewable Energy Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Finally, Zacks Investment Research upgraded Renewable Energy Group from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Saturday, August 11th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Renewable Energy Group has an average rating of “Buy” and an average price target of $25.50.

Renewable Energy Group stock opened at $31.14 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.48 and a quick ratio of 1.06. Renewable Energy Group has a one year low of $9.50 and a one year high of $31.62. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -15.26 and a beta of 1.20.

Renewable Energy Group (NASDAQ:REGI) last released its quarterly earnings results on Monday, August 6th. The oil and gas company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.32. Renewable Energy Group had a return on equity of 32.12% and a net margin of 8.64%. The company had revenue of $580.15 million during the quarter, compared to analysts’ expectations of $572.60 million. As a group, equities analysts predict that Renewable Energy Group will post 2.07 earnings per share for the current year.

In other news, VP Eric Bowen sold 20,000 shares of the stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $27.45, for a total value of $549,000.00. Following the transaction, the vice president now directly owns 84,241 shares of the company’s stock, valued at $2,312,415.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gary Haer sold 13,581 shares of the stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $20.65, for a total value of $280,447.65. Following the completion of the transaction, the vice president now directly owns 77,329 shares in the company, valued at $1,596,843.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,350 shares of company stock valued at $1,012,955. 1.97% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in REGI. BlackRock Inc. increased its holdings in shares of Renewable Energy Group by 64.0% in the second quarter. BlackRock Inc. now owns 5,251,969 shares of the oil and gas company’s stock valued at $93,749,000 after purchasing an additional 2,049,773 shares during the period. Millennium Management LLC increased its holdings in shares of Renewable Energy Group by 5,021.0% in the first quarter. Millennium Management LLC now owns 695,642 shares of the oil and gas company’s stock valued at $8,904,000 after purchasing an additional 682,058 shares during the period. ClariVest Asset Management LLC increased its holdings in shares of Renewable Energy Group by 2,572.3% in the second quarter. ClariVest Asset Management LLC now owns 362,117 shares of the oil and gas company’s stock valued at $6,465,000 after purchasing an additional 348,566 shares during the period. Luzich Partners LLC acquired a new position in shares of Renewable Energy Group in the second quarter valued at about $5,355,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Renewable Energy Group by 104.0% in the second quarter. Bank of New York Mellon Corp now owns 452,633 shares of the oil and gas company’s stock valued at $8,079,000 after purchasing an additional 230,703 shares during the period.

Renewable Energy Group Company Profile

Renewable Energy Group, Inc produces and sells biofuels and renewable chemicals in North America. The company operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other segments. It acquires feedstock; and manages construction and operates biomass-based diesel production facilities.

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