Renewable Energy Group (REGI) Sees Large Volume Increase

Renewable Energy Group Inc (NASDAQ:REGI) shares saw unusually-strong trading volume on Wednesday . Approximately 25,051 shares traded hands during mid-day trading, a decline of 97% from the previous session’s volume of 758,430 shares.The stock last traded at $29.40 and had previously closed at $29.87.

A number of analysts recently weighed in on REGI shares. Canaccord Genuity increased their price objective on shares of Renewable Energy Group from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, June 26th. BidaskClub cut shares of Renewable Energy Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. Roth Capital set a $25.00 price objective on shares of Renewable Energy Group and gave the stock a “buy” rating in a report on Tuesday, August 7th. Finally, Zacks Investment Research raised shares of Renewable Energy Group from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Saturday, August 11th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Renewable Energy Group has an average rating of “Buy” and an average price target of $25.50.

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 1.48. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -15.26 and a beta of 1.20.

Renewable Energy Group (NASDAQ:REGI) last released its quarterly earnings data on Monday, August 6th. The oil and gas company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.32. Renewable Energy Group had a net margin of 8.64% and a return on equity of 32.12%. The business had revenue of $580.15 million for the quarter, compared to analysts’ expectations of $572.60 million. Research analysts predict that Renewable Energy Group Inc will post 2.07 earnings per share for the current year.

In other Renewable Energy Group news, VP Eric Bowen sold 20,000 shares of the firm’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $27.45, for a total transaction of $549,000.00. Following the transaction, the vice president now owns 84,241 shares of the company’s stock, valued at approximately $2,312,415.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Gary Haer sold 13,581 shares of the firm’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $20.65, for a total transaction of $280,447.65. Following the transaction, the vice president now directly owns 77,329 shares in the company, valued at approximately $1,596,843.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,350 shares of company stock worth $1,012,955. 1.97% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Seven Eight Capital LP acquired a new position in Renewable Energy Group during the 3rd quarter valued at about $239,000. Bowling Portfolio Management LLC acquired a new position in Renewable Energy Group during the 3rd quarter valued at about $2,062,000. Aperio Group LLC increased its stake in Renewable Energy Group by 26.9% during the 3rd quarter. Aperio Group LLC now owns 84,526 shares of the oil and gas company’s stock valued at $2,434,000 after buying an additional 17,938 shares during the period. Louisiana State Employees Retirement System increased its stake in Renewable Energy Group by 11.6% during the 3rd quarter. Louisiana State Employees Retirement System now owns 16,400 shares of the oil and gas company’s stock valued at $472,000 after buying an additional 1,700 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in Renewable Energy Group by 23.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 23,400 shares of the oil and gas company’s stock valued at $674,000 after buying an additional 4,400 shares during the period.

About Renewable Energy Group (NASDAQ:REGI)

Renewable Energy Group, Inc produces and sells biofuels and renewable chemicals in North America. The company operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other segments. It acquires feedstock; and manages construction and operates biomass-based diesel production facilities.

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