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Renewable Energy Group Sees Unusually Large Options Volume (NASDAQ:REGI)

Tuesday, May 4, 2021 | MarketBeat

Renewable Energy Group, Inc. (NASDAQ:REGI) saw unusually large options trading activity on Monday. Stock traders purchased 4,674 put options on the company. This is an increase of approximately 1,831% compared to the average volume of 242 put options.

Several research firms have commented on REGI. Truist lifted their target price on shares of Renewable Energy Group from $75.00 to $105.00 in a research report on Wednesday, January 13th. BWS Financial lifted their price objective on shares of Renewable Energy Group from $75.00 to $100.00 and gave the company a "buy" rating in a research note on Friday, January 8th. Piper Sandler reduced their price target on shares of Renewable Energy Group from $104.00 to $97.00 and set an "overweight" rating for the company in a research report on Tuesday. HC Wainwright boosted their price target on shares of Renewable Energy Group from $70.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, March 4th. Finally, Cowen started coverage on shares of Renewable Energy Group in a report on Thursday, April 1st. They set an "outperform" rating and a $80.00 price objective for the company. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. The stock presently has an average rating of "Buy" and an average target price of $83.30.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in REGI. Nisa Investment Advisors LLC grew its stake in Renewable Energy Group by 0.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 24,350 shares of the oil and gas company's stock valued at $1,724,000 after acquiring an additional 100 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Renewable Energy Group by 1.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 15,210 shares of the oil and gas company's stock worth $1,004,000 after acquiring an additional 180 shares during the last quarter. West Coast Financial LLC lifted its holdings in shares of Renewable Energy Group by 0.5% in the 4th quarter. West Coast Financial LLC now owns 55,055 shares of the oil and gas company's stock worth $3,899,000 after acquiring an additional 278 shares during the last quarter. Comerica Bank lifted its holdings in shares of Renewable Energy Group by 0.7% in the 4th quarter. Comerica Bank now owns 41,255 shares of the oil and gas company's stock worth $4,147,000 after acquiring an additional 294 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in Renewable Energy Group by 37.0% during the 4th quarter. IFP Advisors Inc now owns 1,100 shares of the oil and gas company's stock valued at $78,000 after buying an additional 297 shares in the last quarter. Institutional investors and hedge funds own 96.21% of the company's stock.

REGI stock opened at $52.55 on Tuesday. The firm's 50-day moving average price is $63.87 and its two-hundred day moving average price is $72.45. Renewable Energy Group has a 12-month low of $21.65 and a 12-month high of $117.00. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 3.80 and a beta of 1.19. The company has a current ratio of 2.92, a quick ratio of 2.29 and a debt-to-equity ratio of 0.01.

Renewable Energy Group (NASDAQ:REGI) last announced its quarterly earnings results on Sunday, May 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.70. Renewable Energy Group had a net margin of 22.72% and a return on equity of 13.11%. Equities analysts predict that Renewable Energy Group will post 3.03 EPS for the current year.

About Renewable Energy Group

Renewable Energy Group, Inc provides lower carbon transportation fuels in the United States and internationally. The company utilizes a 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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