Media stories about Pacific Ethanol (NASDAQ:PEIX) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pacific Ethanol earned a news impact score of 0.14 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 45.381304999672 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several equities research analysts have issued reports on PEIX shares. ValuEngine lowered Pacific Ethanol from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. HC Wainwright reaffirmed a “buy” rating and set a $14.00 price target on shares of Pacific Ethanol in a research note on Wednesday, June 28th. Zacks Investment Research raised Pacific Ethanol from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Cowen and Company set a $13.00 price target on Pacific Ethanol and gave the stock a “buy” rating in a research note on Saturday, July 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Pacific Ethanol presently has a consensus rating of “Hold” and a consensus price target of $12.50.
Pacific Ethanol (PEIX) opened at 5.20 on Wednesday. The stock’s market cap is $228.65 million. Pacific Ethanol has a 12-month low of $4.15 and a 12-month high of $10.95. The stock has a 50 day moving average price of $5.13 and a 200 day moving average price of $6.25.
Pacific Ethanol (NASDAQ:PEIX) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.18). Pacific Ethanol had a negative net margin of 0.72% and a negative return on equity of 3.02%. The company had revenue of $405.20 million for the quarter, compared to the consensus estimate of $410.34 million. During the same period last year, the company earned $0.11 EPS. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, analysts forecast that Pacific Ethanol will post ($0.38) earnings per share for the current fiscal year.
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About Pacific Ethanol
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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