Renewable Energy Group (NASDAQ:REGI) Lowered to “Sell” at BidaskClub

BidaskClub downgraded shares of Renewable Energy Group (NASDAQ:REGI) from a hold rating to a sell rating in a research note released on Tuesday, January 9th.

A number of other research firms have also weighed in 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 note on Friday, November 3rd. Zacks Investment Research upgraded Renewable Energy Group from a sell rating to a hold rating in a report on Thursday, October 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $15.33.

Shares of Renewable Energy Group (NASDAQ REGI) opened at $11.25 on Tuesday. Renewable Energy Group has a 52 week low of $8.25 and a 52 week high of $13.55. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.17 and a current ratio of 1.72. The stock has a market capitalization of $435.25, a PE ratio of -10.32, a price-to-earnings-growth ratio of 0.39 and a beta of 1.48.

Renewable Energy Group (NASDAQ:REGI) last released its earnings results on Tuesday, November 7th. The oil and gas company reported ($0.29) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.11. Renewable Energy Group had a positive return on equity of 0.38% and a negative net margin of 1.96%. The company had revenue of $627.00 million during the quarter, compared to analyst estimates of $513.88 million. During the same quarter in the previous year, the company posted $0.59 EPS. Renewable Energy Group’s revenue for the quarter was up .4% on a year-over-year basis. sell-side analysts forecast that Renewable Energy Group will post -1.63 EPS for the current year.

Renewable Energy Group declared that its board has authorized a share repurchase program on Thursday, December 14th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the oil and gas company to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.

In other news, Director Peter John Martin Harding bought 5,000 shares of Renewable Energy Group stock in a transaction on Friday, December 15th. The shares were purchased at an average price of $11.14 per share, for a total transaction of $55,700.00. Following the acquisition, the director now owns 64,136 shares of the company’s stock, valued at $714,475.04. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.54% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Rubric Capital Management LP lifted its position in Renewable Energy Group by 512.6% in 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 acquiring an additional 746,444 shares in the last quarter. Northern Trust Corp lifted its position in Renewable Energy Group by 82.3% in the 2nd quarter. Northern Trust Corp now owns 810,886 shares of the oil and gas company’s stock valued at $10,501,000 after acquiring an additional 366,009 shares in the last quarter. Formula Growth Ltd. lifted its position in Renewable Energy Group by 87.4% in the 2nd quarter. Formula Growth Ltd. now owns 765,595 shares of the oil and gas company’s stock valued at $9,914,000 after acquiring an additional 357,000 shares in the last quarter. Prudential Financial Inc. bought a new position in Renewable Energy Group in the 2nd quarter valued at approximately $3,340,000. Finally, Systematic Financial Management LP lifted its position in Renewable Energy Group by 114.9% in the 2nd quarter. Systematic Financial Management LP now owns 368,495 shares of the oil and gas company’s stock valued at $4,772,000 after acquiring an additional 197,005 shares in the last quarter.

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Renewable Energy Group Company Profile

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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