Shares of Pacific Ethanol, Inc. (NASDAQ:PEIX) traded up 5.1% during trading on Wednesday . The stock traded as high as $5.20 and last traded at $5.20. 626,191 shares were traded during trading, a decline of 8% from the average session volume of 677,722 shares. The stock had previously closed at $4.95.

Several analysts recently commented on the stock. ValuEngine lowered shares of Pacific Ethanol from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Pacific Ethanol from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 10th. HC Wainwright set a $14.00 target price on shares of Pacific Ethanol and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, Cowen and Company set a $13.00 target price on shares of Pacific Ethanol and gave the company a “buy” rating in a research note on Saturday, July 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.50.

The company’s 50 day moving average is $5.19 and its 200 day moving average is $6.29. The stock’s market capitalization is $224.26 million.

Pacific Ethanol (NASDAQ:PEIX) last issued its quarterly earnings results 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 return on equity of 3.02% and a negative net margin of 0.72%. The business had revenue of $405.20 million for the quarter, compared to analyst estimates of $410.34 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. Analysts forecast that Pacific Ethanol, Inc. will post ($0.38) earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in PEIX. Principal Financial Group Inc. bought a new position in Pacific Ethanol during the 2nd quarter worth approximately $100,000. OppenheimerFunds Inc. boosted its stake in Pacific Ethanol by 4.7% during the 1st quarter. OppenheimerFunds Inc. now owns 16,212 shares of the oil and gas company’s stock worth $111,000 after acquiring an additional 728 shares during the last quarter. Voya Investment Management LLC boosted its stake in Pacific Ethanol by 21.9% during the 2nd quarter. Voya Investment Management LLC now owns 19,222 shares of the oil and gas company’s stock worth $120,000 after acquiring an additional 3,448 shares during the last quarter. American International Group Inc. boosted its stake in Pacific Ethanol by 7.1% during the 1st quarter. American International Group Inc. now owns 17,659 shares of the oil and gas company’s stock worth $121,000 after acquiring an additional 1,163 shares during the last quarter. Finally, Brandywine Global Investment Management LLC boosted its stake in Pacific Ethanol by 2.8% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 22,350 shares of the oil and gas company’s stock worth $140,000 after acquiring an additional 610 shares during the last quarter. 75.08% of the stock is currently owned by institutional investors and hedge funds.

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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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