Pacific Ethanol Inc. (NASDAQ:PEIX) was down 4.8% on Monday . The stock traded as low as $6.42 and last traded at $6.50, with a volume of 438,585 shares. The stock had previously closed at $6.83.

Several equities research analysts have weighed in on PEIX shares. Rodman & Renshaw started coverage on Pacific Ethanol in a report on Tuesday, May 24th. They set a “buy” rating and a $11.00 price target on the stock. Zacks Investment Research downgraded Pacific Ethanol from a “hold” rating to a “strong sell” rating in a report on Thursday, July 7th. Roth Capital restated a “buy” rating and set a $9.00 price target on shares of Pacific Ethanol in a report on Monday. Finally, HC Wainwright restated a “buy” rating on shares of Pacific Ethanol in a report on Tuesday, May 24th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Pacific Ethanol has an average rating of “Buy” and an average target price of $9.67.

The company’s 50-day moving average price is $5.75 and its 200-day moving average price is $4.74. The firm’s market cap is $284.84 million.

Pacific Ethanol (NASDAQ:PEIX) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.14. The business earned $422.90 million during the quarter, compared to analysts’ expectations of $383.29 million. During the same period in the prior year, the firm earned $0.03 EPS. Pacific Ethanol’s revenue for the quarter was up 85.8% on a year-over-year basis. Analysts forecast that Pacific Ethanol Inc. will post ($0.01) earnings per share for the current year.

In other news, VP Christopher W. Wright sold 31,000 shares of Pacific Ethanol stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $6.00, for a total value of $186,000.00. Following the completion of the sale, the vice president now owns 63,936 shares of the company’s stock, valued at $383,616. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

An institutional investor recently raised its position in Pacific Ethanol stock. Russell Frank Co increased its position in Pacific Ethanol Inc. (NASDAQ:PEIX) by 7.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 542,186 shares of the company’s stock after buying an additional 38,462 shares during the period. Russell Frank Co owned about 1.28% of Pacific Ethanol worth $2,489,000 as of its most recent SEC filing.

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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