Renewable Energy Group (NASDAQ:REGI) posted its earnings results on Tuesday. The oil and gas company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.04, Fidelity Earnings reports. Renewable Energy Group had a net margin of 8.64% and a return on equity of 32.12%. The company had revenue of $597.75 million for the quarter, compared to analyst estimates of $594.60 million.
Shares of REGI traded down $3.96 on Wednesday, reaching $24.93. The company’s stock had a trading volume of 1,745,300 shares, compared to its average volume of 773,046. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.48 and a quick ratio of 1.06. Renewable Energy Group has a twelve month low of $9.50 and a twelve month high of $32.52. The firm has a market capitalization of $1.07 billion, a PE ratio of -12.22 and a beta of 1.21.
In other Renewable Energy Group news, VP Gary Haer sold 13,581 shares of the stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $20.65, for a total value of $280,447.65. Following the completion of the sale, the vice president now owns 77,329 shares in the company, valued at approximately $1,596,843.85. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Eric Bowen sold 6,769 shares of the stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $27.11, for a total transaction of $183,507.59. Following the completion of the sale, the vice president now owns 104,452 shares of the company’s stock, valued at approximately $2,831,693.72. The disclosure for this sale can be found here. Insiders sold a total of 40,350 shares of company stock worth $1,012,955 in the last 90 days. 1.97% of the stock is currently owned by company insiders.
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Renewable Energy Group Company Profile
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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