Renewable Energy Group (NASDAQ:REGI) Hits New 12-Month Low at $13.71

Renewable Energy Group Inc (NASDAQ:REGI) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $13.71 and last traded at $13.77, with a volume of 765 shares trading hands. The stock had previously closed at $13.99.

Several brokerages have issued reports on REGI. BidaskClub lowered Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 12th. Zacks Investment Research lowered Renewable Energy Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 12th. BWS Financial initiated coverage on Renewable Energy Group in a report on Wednesday, April 24th. They issued a “buy” rating and a $31.00 price target for the company. Piper Jaffray Companies initiated coverage on Renewable Energy Group in a report on Thursday, April 4th. They issued an “overweight” rating and a $35.00 price target for the company. Finally, Roth Capital lowered Renewable Energy Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $35.00 to $22.00 in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $28.40.

The company has a quick ratio of 0.72, a current ratio of 1.27 and a debt-to-equity ratio of 0.09. The firm has a market cap of $517.25 million, a PE ratio of 2.03 and a beta of 1.31.

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

In other Renewable Energy Group news, VP Gary Haer sold 11,679 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $16.87, for a total transaction of $197,024.73. Following the completion of the sale, the vice president now owns 48,860 shares in the company, valued at $824,268.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Peter John Martin Harding bought 2,500 shares of the stock in a transaction on Thursday, May 9th. The shares were bought at an average price of $16.72 per share, with a total value 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 disclosure for this purchase can be found here. Insiders sold 41,354 shares of company stock valued at $675,434 in the last quarter. 3.01% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. IFP Advisors Inc lifted its holdings in Renewable Energy Group by 193.9% during the fourth quarter. IFP Advisors Inc now owns 1,061 shares of the oil and gas company’s stock worth $27,000 after buying an additional 700 shares during the period. Pearl River Capital LLC acquired a new position in shares of Renewable Energy Group during the fourth quarter worth $38,000. Royce & Associates LP acquired a new position in shares of Renewable Energy Group during the first quarter worth $38,000. Advisory Services Network LLC acquired a new position in shares of Renewable Energy Group during the fourth quarter worth $56,000. Finally, CoreCommodity Management LLC acquired a new position in shares of Renewable Energy Group during the fourth quarter worth $78,000.

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Renewable Energy Group Company Profile (NASDAQ:REGI)

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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