Renewable Energy Group (NASDAQ:REGI) Earns Buy Rating from Analysts at HC Wainwright

HC Wainwright began coverage on shares of Renewable Energy Group (NASDAQ:REGI) in a research note issued to investors on Tuesday, Benzinga reports. The firm issued a buy rating and a $35.00 price target on the oil and gas company’s stock.

A number of other equities research analysts have also issued reports on the stock. BWS Financial reissued a buy rating on shares of Renewable Energy Group in a report on Friday, September 6th. Zacks Investment Research raised shares of Renewable Energy Group from a strong sell rating to a hold rating in a research note on Wednesday, October 9th. ValuEngine upgraded shares of Renewable Energy Group from a buy rating to a strong-buy rating in a report on Tuesday. Finally, BidaskClub raised shares of Renewable Energy Group from a buy rating to a strong-buy rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Renewable Energy Group has a consensus rating of Buy and a consensus price target of $30.75.

Shares of REGI opened at $18.17 on Tuesday. Renewable Energy Group has a 52-week low of $9.90 and a 52-week high of $29.61. 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 stock has a fifty day simple moving average of $16.60 and a two-hundred day simple moving average of $14.96. The company has a market capitalization of $707.98 million, a PE ratio of 2.68 and a beta of 1.23.

Several institutional investors have recently made changes to their positions in the company. First Trust Advisors LP increased its position in shares of Renewable Energy Group by 2.0% during the 1st quarter. First Trust Advisors LP now owns 104,698 shares of the oil and gas company’s stock worth $2,299,000 after purchasing an additional 2,098 shares during the last quarter. Arizona State Retirement System lifted its position 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 valued at $926,000 after buying an additional 815 shares during the last quarter. Strs Ohio lifted its position in Renewable Energy Group by 29.1% in the second quarter. Strs Ohio now owns 42,600 shares of the oil and gas company’s stock valued at $675,000 after buying an additional 9,600 shares during the last quarter. Systematic Financial Management LP boosted its stake in 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 buying an additional 7,850 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Renewable Energy Group by 114.2% during the second quarter. SG Americas Securities LLC now owns 18,544 shares of the oil and gas company’s stock worth $294,000 after buying an additional 9,887 shares during the period.

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.

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