Media coverage about Pacific Ethanol (NASDAQ:PEIX) has been trending somewhat positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pacific Ethanol earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 46.4298078450105 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s analysis:
- Focus on Momentum Mover: Pacific Ethanol, Inc. (PEIX) | Wallstreet … – Wall Street Morning (wallstreetmorning.com)
- Financial Survey: Pacific Ethanol (PEIX) and JA Solar (JASO) (americanbankingnews.com)
- Pacific Ethanol (PEIX) Rating Increased to Sell at ValuEngine (americanbankingnews.com)
- Contrasting Vestas Wind System (VWDRY) & Pacific Ethanol (PEIX) (americanbankingnews.com)
- Pacific Ethanol Inc (PEIX) Expected to Post Quarterly Sales of $415.03 Million (americanbankingnews.com)
A number of brokerages recently commented on PEIX. Zacks Investment Research raised Pacific Ethanol from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Wednesday, January 10th. ValuEngine raised Pacific Ethanol from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 13th. B. Riley began coverage on Pacific Ethanol in a research note on Tuesday, November 28th. They set a “buy” rating and a $7.00 price target for the company. Finally, HC Wainwright set a $14.00 price target on Pacific Ethanol and gave the company a “buy” rating in a research note on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Pacific Ethanol currently has an average rating of “Hold” and an average price target of $9.75.
Pacific Ethanol (NASDAQ:PEIX) last released its quarterly earnings results on Wednesday, February 28th. The oil and gas company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.21). The company had revenue of $395.27 million for the quarter, compared to analyst estimates of $418.84 million. Pacific Ethanol had a negative net margin of 2.14% and a negative return on equity of 8.84%. Pacific Ethanol’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. equities research analysts expect that Pacific Ethanol will post -0.49 earnings per share for the current fiscal year.
In other Pacific Ethanol news, Director Larry D. Layne bought 10,000 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were purchased at an average price of $3.70 per share, for a total transaction of $37,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Neil M. Koehler bought 30,000 shares of the business’s stock in a transaction dated Thursday, March 8th. The stock was acquired at an average price of $3.20 per share, for a total transaction of $96,000.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 52,000 shares of company stock valued at $172,425 in the last quarter. 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.
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