News headlines about Pacific Ethanol (NASDAQ:PEIX) have been trending positive this week, according to AlphaOne. AlphaOne, a service of Accern, identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pacific Ethanol earned a daily sentiment score of 0.43 on AlphaOne’s scale. AlphaOne also gave headlines about the oil and gas company an impact score of 88 out of 100, meaning that recent media coverage is very likely to have an impact on the company’s share price in the near term.
Several brokerages recently weighed in on PEIX. Roth Capital set a $12.00 target price on Pacific Ethanol and gave the company a “buy” rating in a research note on Monday, March 20th. Zacks Investment Research downgraded Pacific Ethanol from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $11.33.
Pacific Ethanol (NASDAQ:PEIX) traded down 1.46% during trading on Friday, reaching $6.75. The company’s stock had a trading volume of 351,166 shares. The firm’s 50-day moving average is $7.02 and its 200-day moving average is $7.74. The stock has a market cap of $292.62 million, a P/E ratio of 1687.50 and a beta of 2.14. Pacific Ethanol has a 52-week low of $3.74 and a 52-week high of $10.95.
Pacific Ethanol (NASDAQ:PEIX) last announced its quarterly earnings data on Wednesday, March 1st. The oil and gas company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.21 by $0.09. Pacific Ethanol had a negative net margin of 0.80% and a negative return on equity of 3.12%. The business earned $441.72 million during the quarter, compared to the consensus estimate of $421.58 million. During the same period in the previous year, the business earned $0.02 earnings per share. The company’s revenue was up 17.2% on a year-over-year basis. Equities research analysts forecast that Pacific Ethanol will post $0.41 EPS for the current year.
In other Pacific Ethanol news, major shareholder Candlewood Investment Group, L sold 1,420,251 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $6.70, for a total transaction of $9,515,681.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.10% of the stock is owned by insiders.
Pacific Ethanol Company Profile
Pacific Ethanol, Inc (Pacific Ethanol) is a marketer and producer of low-carbon renewable fuels in the Western United States. Pacific Ethanol markets all the ethanol produced by four ethanol production facilities located in California, Idaho and Oregon, or the Pacific Ethanol Plants, all the ethanol produced by three other ethanol producers in the Western United States and ethanol purchased from other third-party suppliers throughout the United States.
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