Renewable Energy Group (REGI) Downgraded to “Sell” at BidaskClub

BidaskClub lowered shares of Renewable Energy Group (NASDAQ:REGI) from a hold rating to a sell rating in a research note published on Tuesday.

Several other brokerages have also recently issued reports on REGI. Piper Jaffray Companies reissued a hold rating and issued a $13.00 target price on shares of Renewable Energy Group in a research report on Friday, November 3rd. Zacks Investment Research raised Renewable Energy Group from a sell rating to a hold rating in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $15.33.

Renewable Energy Group (NASDAQ:REGI) opened at $11.25 on Tuesday. The stock has a market capitalization of $437.19, a PE ratio of 376.67, 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 current ratio of 1.72 and a quick ratio of 1.17. 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 earnings results on Tuesday, November 7th. The oil and gas company reported ($0.29) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.11. The business had revenue of $627.00 million for the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the firm posted $0.59 earnings per share. equities analysts anticipate that Renewable Energy Group will post -1.63 EPS for the current fiscal year.

Renewable Energy Group declared that its Board of Directors has initiated a stock repurchase program on Thursday, December 14th that permits the company to repurchase $75.00 million in outstanding shares. This repurchase authorization permits the oil and gas company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

In other news, Director Peter John Martin Harding bought 5,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were acquired at an average cost of $11.14 per share, with a total value of $55,700.00. Following the completion of the transaction, the director now owns 64,136 shares of the company’s stock, valued at approximately $714,475.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.54% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Thomson Horstmann & Bryant Inc. lifted its position in shares of Renewable Energy Group by 11.1% during the 4th 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 lifted its position in shares of Renewable Energy Group by 4.7% during the 4th 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 lifted its position in shares of Renewable Energy Group by 51.7% during the 3rd 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. Rubric Capital Management LP lifted its position in shares of Renewable Energy Group by 512.6% during the 3rd 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. Finally, Wolverine Trading LLC purchased a new position in shares of Renewable Energy Group during the 3rd quarter valued at about $145,000.

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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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