Pacific Ethanol (PEIX) Receiving Somewhat Favorable Media Coverage, Analysis Finds

News articles about Pacific Ethanol (NASDAQ:PEIX) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. 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 news sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 45.0341187796052 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Shares of Pacific Ethanol (NASDAQ:PEIX) traded down $0.15 during mid-day trading on Thursday, reaching $4.50. The company’s stock had a trading volume of 336,800 shares, compared to its average volume of 314,445. Pacific Ethanol has a 1-year low of $4.10 and a 1-year high of $9.35. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.30 and a quick ratio of 1.53. The stock has a market cap of $204.46, a price-to-earnings ratio of -18.75, a PEG ratio of 0.47 and a beta of 2.06.

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 (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.09. Pacific Ethanol had a negative return on equity of 2.13% and a negative net margin of 0.51%. The business had revenue of $445.40 million during the quarter, compared to analyst estimates of $434.57 million. During the same quarter in the prior year, the business posted ($0.09) EPS. Pacific Ethanol’s revenue for the quarter was up 6.6% compared to the same quarter last year. equities analysts anticipate that Pacific Ethanol will post -0.58 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on PEIX shares. Zacks Investment Research upgraded Pacific Ethanol from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. B. Riley started coverage on Pacific Ethanol in a research note on Tuesday, November 28th. They issued a “buy” rating and a $7.00 price target for the company. Finally, HC Wainwright reiterated a “buy” rating and issued a $14.00 price target on shares of Pacific Ethanol in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $10.20.

In other news, Director William L. Jones sold 20,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $4.30, for a total transaction of $86,000.00. Following the completion of the transaction, the director now owns 56,903 shares in the company, valued at $244,682.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.87% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Pacific Ethanol (NASDAQ:PEIX)

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