Pacific Ethanol (PEIX) Earning Somewhat Favorable Media Coverage, Analysis Finds
Media stories about Pacific Ethanol (NASDAQ:PEIX) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pacific Ethanol earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 46.0051955099808 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Pacific Ethanol (NASDAQ PEIX) traded up $0.25 during trading hours on Thursday, hitting $4.55. 289,600 shares of the company were exchanged, compared to its average volume of 583,028. The company has a current ratio of 2.30, a quick ratio of 1.53 and a debt-to-equity ratio of 0.56. Pacific Ethanol has a 52 week low of $4.10 and a 52 week high of $10.25.
Pacific Ethanol (NASDAQ:PEIX) last issued its quarterly earnings results on Tuesday, November 7th. The oil and gas company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.09. The company had revenue of $445.40 million for the quarter, compared to the consensus estimate of $434.57 million. Pacific Ethanol had a negative net margin of 0.51% and a negative return on equity of 2.13%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.09) EPS. analysts expect that Pacific Ethanol will post -0.58 EPS for the current year.
A number of brokerages recently weighed in on PEIX. B. Riley began coverage on shares of Pacific Ethanol in a report on Tuesday, November 28th. They issued a “buy” rating and a $7.00 price target on the stock. HC Wainwright reissued a “buy” rating and issued a $14.00 price target on shares of Pacific Ethanol in a report on Thursday, November 9th. Zacks Investment Research downgraded shares of Pacific Ethanol from a “hold” rating to a “strong sell” rating in a report on Saturday, October 28th. Finally, ValuEngine downgraded shares of Pacific Ethanol from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $11.50.
In other Pacific Ethanol news, Director William L. Jones sold 20,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $4.30, for a total transaction of $86,000.00. Following the sale, the director now directly owns 56,903 shares of the company’s stock, valued at $244,682.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.87% of the stock is owned by corporate insiders.
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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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