ValuEngine upgraded shares of Renewable Energy Group (NASDAQ:REGI) from a buy rating to a strong-buy rating in a report published on Tuesday, ValuEngine reports.

Several other analysts have also recently commented on the stock. BWS Financial reiterated a buy rating on shares of Renewable Energy Group in a research report on Friday, September 6th. Zacks Investment Research upgraded Renewable Energy Group from a strong sell rating to a hold rating in a research report on Wednesday, October 9th. Finally, BidaskClub raised Renewable Energy Group from a buy rating to a strong-buy rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $30.75.

REGI stock traded up $1.28 during midday trading on Tuesday, reaching $18.99. The company’s stock had a trading volume of 800,161 shares, compared to its average volume of 682,946. Renewable Energy Group has a 52 week low of $9.90 and a 52 week high of $29.61. The stock has a market cap of $739.93 million, a PE ratio of 2.80 and a beta of 1.23. The company has a quick ratio of 0.77, a current ratio of 1.43 and a debt-to-equity ratio of 0.22. The business’s 50-day simple moving average is $16.69 and its 200-day simple moving average is $14.98.

A number of institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its stake in Renewable Energy Group by 2.0% in the first quarter. First Trust Advisors LP now owns 104,698 shares of the oil and gas company’s stock valued at $2,299,000 after purchasing an additional 2,098 shares in the last quarter. Arizona State Retirement System raised its holdings in Renewable Energy Group by 1.4% in the second quarter. Arizona State Retirement System now owns 58,355 shares of the oil and gas company’s stock worth $926,000 after purchasing an additional 815 shares during the period. Strs Ohio boosted its position in shares of Renewable Energy Group by 29.1% during the second quarter. Strs Ohio now owns 42,600 shares of the oil and gas company’s stock worth $675,000 after purchasing an additional 9,600 shares in the last quarter. Systematic Financial Management LP boosted its position in shares of Renewable Energy Group by 17.3% during the second quarter. Systematic Financial Management LP now owns 53,215 shares of the oil and gas company’s stock worth $844,000 after purchasing an additional 7,850 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Renewable Energy Group by 114.2% in the 2nd quarter. SG Americas Securities LLC now owns 18,544 shares of the oil and gas company’s stock valued at $294,000 after buying an additional 9,887 shares during the period.

About Renewable Energy Group

Renewable Energy Group, Inc produces cleaner and lower carbon transportation fuels. The company utilizes an integrated production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Biomass-Based Diesel, Services, and Corporate and Other segments.

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