News articles about Pacific Ethanol (NASDAQ:PEIX) have been trending positive on Friday, Alpha One reports. Alpha One, a subsidiary of Accern, rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Alpha One 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 0.43 on Alpha One’s scale. Alpha One also assigned headlines about the oil and gas company an impact score of 88 out of 100, meaning that recent media coverage is very likely to have an effect on the company’s share price in the near future.
A number of analysts have issued reports on PEIX shares. Roth Capital set a $12.00 price target on Pacific Ethanol and gave the stock a “buy” rating in a research note on Monday, March 6th. Zacks Investment Research raised Pacific Ethanol from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Wednesday, January 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $11.33.
Pacific Ethanol (NASDAQ:PEIX) traded down 1.46% during trading on Friday, hitting $6.75. The stock had a trading volume of 351,166 shares. The company has a 50 day moving average of $7.02 and a 200-day moving average of $7.74. The company has a market cap of $292.62 million, a P/E ratio of 1687.50 and a beta of 2.14. Pacific Ethanol has a 12-month low of $3.74 and a 12-month high of $10.95.
Pacific Ethanol (NASDAQ:PEIX) last announced its earnings results on Wednesday, March 1st. The oil and gas company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.09. Pacific Ethanol had a negative return on equity of 3.12% and a negative net margin of 0.80%. The firm earned $441.72 million during the quarter, compared to the consensus estimate of $421.58 million. During the same quarter in the prior year, the company earned $0.02 EPS. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. On average, equities analysts predict that Pacific Ethanol will post $0.41 EPS for the current year.
In related news, major shareholder Candlewood Investment Group, L sold 1,420,251 shares of the stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $6.70, for a total transaction of $9,515,681.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% 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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