Renewable Energy Group (NASDAQ:REGI) Hits New 1-Year High at $29.04

Renewable Energy Group Inc (NASDAQ:REGI) shares reached a new 52-week high on Thursday . The company traded as high as $29.04 and last traded at $28.33, with a volume of 39670 shares traded. The stock had previously closed at $27.76.

A number of equities research analysts recently weighed in on the stock. BidaskClub upgraded shares of Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a report on Friday, December 20th. BWS Financial upped their target price on shares of Renewable Energy Group from $31.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. ValuEngine lowered shares of Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a report on Monday, February 10th. HC Wainwright assumed coverage on shares of Renewable Energy Group in a report on Tuesday, December 3rd. They issued a “buy” rating and a $35.00 target price on the stock. Finally, Piper Jaffray Companies upped their target price on shares of Renewable Energy Group from $32.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Renewable Energy Group presently has a consensus rating of “Buy” and a consensus price target of $41.75.

The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.77 and a current ratio of 1.43. The company has a market cap of $1.13 billion, a price-to-earnings ratio of -10.10 and a beta of 1.35. The stock’s fifty day moving average is $26.65 and its two-hundred day moving average is $18.49.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Asset Management L.P. increased its stake in Renewable Energy Group by 272.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 492,376 shares of the oil and gas company’s stock valued at $7,388,000 after buying an additional 360,259 shares during the last quarter. Handelsbanken Fonder AB increased its stake in Renewable Energy Group by 155.3% in the 4th quarter. Handelsbanken Fonder AB now owns 510,607 shares of the oil and gas company’s stock valued at $13,761,000 after buying an additional 310,607 shares during the last quarter. Great Lakes Advisors LLC purchased a new stake in Renewable Energy Group in the 4th quarter valued at about $6,108,000. State Street Corp increased its stake in Renewable Energy Group by 14.1% in the 4th quarter. State Street Corp now owns 1,791,944 shares of the oil and gas company’s stock valued at $48,293,000 after buying an additional 221,465 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Renewable Energy Group in the 4th quarter valued at about $2,994,000.

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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