Renewable Energy Group (NASDAQ:REGI) Upgraded by Roth Capital to “Buy”

Roth Capital upgraded shares of Renewable Energy Group (NASDAQ:REGI) from a neutral rating to a buy rating in a report released on Monday, Briefing.com Automated Import reports. The brokerage currently has $22.00 price target on the oil and gas company’s stock.

REGI has been the topic of several other reports. Piper Jaffray Companies started coverage on Renewable Energy Group in a report on Thursday, April 4th. They issued an overweight rating and a $35.00 target price on the stock. BidaskClub cut Renewable Energy Group from a sell rating to a strong sell rating in a report on Monday, April 1st. Zacks Investment Research cut Renewable Energy Group from a hold rating to a strong sell rating in a report on Tuesday, March 12th. BWS Financial started coverage on Renewable Energy Group in a report on Wednesday, April 24th. They issued a buy rating and a $31.00 target price on the stock. Finally, TheStreet cut Renewable Energy Group from a b rating to a c+ rating in a report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Renewable Energy Group currently has a consensus rating of Buy and a consensus price target of $28.40.

Shares of REGI stock opened at $15.97 on Monday. The firm has a 50 day moving average of $15.63. Renewable Energy Group has a one year low of $13.40 and a one year high of $32.52. The company has a market capitalization of $609.79 million, a PE ratio of 2.36 and a beta of 1.31. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.27 and a quick ratio of 0.72.

Renewable Energy Group (NASDAQ:REGI) last announced its earnings results on Thursday, May 2nd. The oil and gas company reported ($1.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.70) by ($0.41). Renewable Energy Group had a net margin of 1.52% and a return on equity of 6.23%. The company had revenue of $478.21 million during the quarter, compared to the consensus estimate of $480.79 million. Sell-side analysts predict that Renewable Energy Group will post 0.09 earnings per share for the current year.

In other Renewable Energy Group news, Director Peter John Martin Harding purchased 2,500 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were purchased at an average cost of $16.72 per share, for a total transaction of $41,800.00. Following the acquisition, the director now owns 108,654 shares of the company’s stock, valued at $1,816,694.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Cynthia J. Warner purchased 4,000 shares of the business’s stock in a transaction on Monday, June 17th. The shares were acquired at an average price of $14.16 per share, for a total transaction of $56,640.00. Following the completion of the acquisition, the insider now directly owns 62,578 shares in the company, valued at approximately $886,104.48. The disclosure for this purchase can be found here. Insiders have sold a total of 41,354 shares of company stock worth $675,434 over the last 90 days. Company insiders own 3.01% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Pearl River Capital LLC bought a new position in shares of Renewable Energy Group during the 4th quarter worth approximately $38,000. Royce & Associates LP bought a new position in shares of Renewable Energy Group during the 1st quarter worth approximately $38,000. Advisory Services Network LLC bought a new position in shares of Renewable Energy Group during the 4th quarter worth approximately $56,000. CoreCommodity Management LLC bought a new position in shares of Renewable Energy Group during the 4th quarter worth approximately $78,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Renewable Energy Group by 7.6% during the 1st quarter. SG Americas Securities LLC now owns 8,657 shares of the oil and gas company’s stock worth $190,000 after buying an additional 613 shares in the last quarter.

Renewable Energy Group Company Profile

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.

Further Reading: What are retained earnings?

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