Renewable Energy Group, Inc. (NASDAQ:REGI)‘s stock had its “hold” rating restated by stock analysts at Piper Jaffray Companies in a research note issued on Friday, November 3rd. They currently have a $13.00 price target on the oil and gas company’s stock. Piper Jaffray Companies’ target price points to a potential upside of 16.59% from the stock’s previous close.
Other research analysts have also issued research reports about the stock. ValuEngine raised shares of Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 14th. Roth Capital set a $17.00 price objective on shares of Renewable Energy Group and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. Finally, BidaskClub downgraded shares of Renewable Energy Group from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $15.33.
Renewable Energy Group (NASDAQ:REGI) traded down $0.10 on Friday, reaching $11.15. 167,930 shares of the company’s stock traded hands, compared to its average volume of 391,577. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.37. The firm has a market cap of $435.25, a PE ratio of 375.00 and a beta of 1.50. Renewable Energy Group has a 52-week low of $8.25 and a 52-week high of $13.55.
Several hedge funds have recently bought and sold shares of the company. C M Bidwell & Associates Ltd. bought a new position in Renewable Energy Group in the 2nd quarter valued at approximately $110,000. Old Mutual Global Investors UK Ltd. acquired a new stake in Renewable Energy Group during the 3rd quarter valued at approximately $120,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Renewable Energy Group during the 3rd quarter worth approximately $139,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Renewable Energy Group during the 2nd quarter worth approximately $142,000. Finally, Federated Investors Inc. PA grew its position in shares of Renewable Energy Group by 17.8% during the 2nd quarter. Federated Investors Inc. PA now owns 11,029 shares of the oil and gas company’s stock worth $143,000 after buying an additional 1,668 shares during the period.
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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