Pacific Ethanol Inc. (NASDAQ:PEIX) dropped 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.

PEIX has been the subject of several recent research reports. Roth Capital reiterated a “buy” rating and set a $9.00 target price on shares of Pacific Ethanol in a research note on Monday. Zacks Investment Research downgraded shares of Pacific Ethanol from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Rodman & Renshaw initiated coverage on shares of Pacific Ethanol in a research note on Tuesday, May 24th. They set a “buy” rating and a $11.00 target price for the company. Finally, HC Wainwright reiterated a “buy” rating on shares of Pacific Ethanol in a research note on Tuesday, May 24th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Pacific Ethanol presently has an average rating of “Buy” and an average target price of $9.13.

The stock’s market capitalization is $271.89 million. The company’s 50 day moving average price is $5.77 and its 200 day moving average price is $4.76.

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

In related news, VP Christopher W. Wright sold 31,000 shares of Pacific Ethanol stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $6.00, for a total transaction of $186,000.00. Following the sale, the vice president now owns 63,936 shares of the company’s stock, valued at approximately $383,616. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

An institutional investor recently raised its position in Pacific Ethanol stock. Marshall Wace LLP boosted its position in shares of Pacific Ethanol Inc. (NASDAQ:PEIX) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 409,972 shares of the company’s stock after buying an additional 5,340 shares during the period. Marshall Wace LLP owned about 0.96% of Pacific Ethanol worth $1,960,000 as of its most recent filing with the SEC.

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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