Pacific Ethanol (NASDAQ:PEIX) Receiving Somewhat Favorable Media Coverage, Report Finds
Press coverage about Pacific Ethanol (NASDAQ:PEIX) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pacific Ethanol earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 46.1726246978426 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- BerganKDV Wealth Management LLC Lowers Position in Tenet Healthcare Corporation (THC) (famososartistas.com)
- Pacific Ethanol, Inc. (NASDAQ:PEIX): Shares Spotted Near the 52-Week Low – Sparta Review (spartareview.com)
- Pacific Ethanol, Inc. (PEIX) Given a $14.00 Price Target by HC Wainwright Analysts (americanbankingnews.com)
- Shares Trading Near the 52-Week Low Pacific Ethanol, Inc. (NASDAQ:PEIX) – Sparta Review (spartareview.com)
- Pacific Ethanol’s (PEIX) CEO Neil Koehler on Q2 2017 Results – Earnings Call Transcript – Seeking Alpha (seekingalpha.com)
Several equities research analysts have recently weighed in on PEIX shares. Zacks Investment Research cut shares of Pacific Ethanol from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 11th. ValuEngine cut shares of Pacific Ethanol from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. HC Wainwright restated a “buy” rating and issued a $14.00 price target on shares of Pacific Ethanol in a report on Wednesday, June 28th. Finally, Cowen and Company set a $13.00 price target on shares of Pacific Ethanol and gave the stock a “buy” rating in a report on Saturday, July 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Pacific Ethanol presently has an average rating of “Hold” and an average target price of $12.50.
Shares of Pacific Ethanol (PEIX) opened at 5.60 on Tuesday. The firm’s market capitalization is $236.85 million. Pacific Ethanol has a 12-month low of $5.55 and a 12-month high of $10.95. The firm has a 50-day moving average of $6.15 and a 200-day moving average of $6.79.
Pacific Ethanol (NASDAQ:PEIX) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.18. Pacific Ethanol had a negative return on equity of 3.02% and a negative net margin of 0.72%. The company had revenue of $405.20 million during the quarter, compared to the consensus estimate of $410.34 million. During the same quarter last year, the company posted $0.11 earnings per share. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. Equities analysts anticipate that Pacific Ethanol will post ($0.05) earnings per share for the current year.
TRADEMARK VIOLATION WARNING: This story was published by Daily Political and is owned by of Daily Political. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/08/08/pacific-ethanol-nasdaqpeix-receiving-somewhat-favorable-media-coverage-report-finds.html.
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.
Receive News & Ratings for Pacific Ethanol Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacific Ethanol Inc. and related companies with MarketBeat.com's FREE daily email newsletter.