Somewhat Favorable News Coverage Somewhat Unlikely to Impact Pacific Ethanol (PEIX) Stock Price

Headlines about Pacific Ethanol (NASDAQ:PEIX) have been trending somewhat positive on Saturday, Accern reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pacific Ethanol earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the oil and gas company an impact score of 45.4173723689502 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.

A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Pacific Ethanol from a “buy” rating to a “hold” rating in a research report on Thursday. HC Wainwright reissued a “buy” rating and set a $14.00 target price on shares of Pacific Ethanol in a research report on Thursday, November 9th. Finally, B. Riley assumed coverage on shares of Pacific Ethanol in a research report on Tuesday, November 28th. They set a “buy” rating and a $7.00 target price for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $10.20.

Shares of Pacific Ethanol (NASDAQ PEIX) remained flat at $$4.70 during trading hours on Friday. 261,375 shares of the company were exchanged, compared to its average volume of 294,996. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.30 and a quick ratio of 1.53. Pacific Ethanol has a 52-week low of $4.10 and a 52-week high of $9.35. The company has a market cap of $206.66, a price-to-earnings ratio of -19.58, a P/E/G ratio of 0.48 and a beta of 2.06.

Pacific Ethanol (NASDAQ:PEIX) last issued its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.09. Pacific Ethanol had a negative net margin of 0.51% and a negative return on equity of 2.13%. The company had revenue of $445.40 million during the quarter, compared to the consensus estimate of $434.57 million. During the same quarter last year, the company earned ($0.09) earnings per share. Pacific Ethanol’s revenue for the quarter was up 6.6% on a year-over-year basis. equities analysts predict that Pacific Ethanol will post -0.58 EPS for the current fiscal year.

In other Pacific Ethanol news, Director William L. Jones sold 20,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $4.30, for a total value of $86,000.00. Following the completion of the sale, the director now owns 56,903 shares of the company’s stock, valued at $244,682.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.87% of the stock is owned by company insiders.

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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.

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

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