Renewable Energy Group Inc (NASDAQ:REGI) was the target of some unusual options trading activity on Thursday. Stock traders acquired 728 call options on the company. This is an increase of approximately 522% compared to the average daily volume of 117 call options.
Shares of Renewable Energy Group opened at $17.60 on Friday, according to Marketbeat.com. Renewable Energy Group has a one year low of $9.50 and a one year high of $17.85. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.88 and a quick ratio of 1.45.
Get Renewable Energy Group alerts:Renewable Energy Group (NASDAQ:REGI) last announced its quarterly earnings data on Thursday, March 8th. The oil and gas company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.47). The firm had revenue of $577.26 million during the quarter, compared to the consensus estimate of $535.60 million. Renewable Energy Group had a net margin of 6.23% and a return on equity of 29.89%. analysts anticipate that Renewable Energy Group will post 1.96 EPS for the current fiscal year.
In other Renewable Energy Group news, Director Delbert Christensen bought 7,441 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The stock was acquired at an average price of $11.60 per share, with a total value of $86,315.60. Following the completion of the transaction, the director now owns 68,756 shares in the company, valued at $797,569.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Chad Stone bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 11th. The stock was acquired at an average cost of $13.73 per share, with a total value of $27,460.00. Following the transaction, the chief financial officer now owns 104,245 shares of the company’s stock, valued at approximately $1,431,283.85. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 29,441 shares of company stock valued at $332,576. 1.97% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Renewable Energy Group during the 1st quarter worth about $131,000. Jane Street Group LLC acquired a new stake in shares of Renewable Energy Group during the 1st quarter worth about $149,000. Teacher Retirement System of Texas acquired a new stake in shares of Renewable Energy Group during the 4th quarter worth about $140,000. Tower Research Capital LLC TRC lifted its stake in shares of Renewable Energy Group by 73.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,887 shares of the oil and gas company’s stock worth $140,000 after buying an additional 5,020 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Renewable Energy Group during the 4th quarter worth about $160,000.
REGI has been the subject of a number of analyst reports. ValuEngine raised shares of Renewable Energy Group from a “hold” rating to a “buy” rating in a research report on Monday, May 14th. Roth Capital set a $21.00 price objective on shares of Renewable Energy Group and gave the company a “buy” rating in a research report on Thursday, May 17th. Zacks Investment Research downgraded shares of Renewable Energy Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 10th. Finally, BidaskClub raised shares of Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 6th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $15.75.
About Renewable Energy Group
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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