News coverage about Pacific Ethanol (NASDAQ:PEIX) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pacific Ethanol earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 46.8226853043727 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Financial Review: Pacific Ethanol (PEIX) and Its Rivals (americanbankingnews.com)
- Zacks: Brokerages Expect Pacific Ethanol Inc (PEIX) Will Post Quarterly Sales of $415.03 Million (americanbankingnews.com)
- Financial Contrast: Pacific Ethanol (PEIX) versus Its Competitors (americanbankingnews.com)
- Comparing Pacific Ethanol (PEIX) & The Competition (americanbankingnews.com)
- Brokerages Expect Pacific Ethanol Inc (PEIX) Will Post Earnings of -$0.28 Per Share (americanbankingnews.com)
A number of brokerages have weighed in on PEIX. ValuEngine upgraded Pacific Ethanol from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 13th. B. Riley set a $7.00 price target on Pacific Ethanol and gave the company a “buy” rating in a research report on Monday, March 5th. HC Wainwright set a $14.00 target price on Pacific Ethanol and gave the stock a “buy” rating in a report on Friday, March 2nd. Finally, Zacks Investment Research cut Pacific Ethanol from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $9.75.
Pacific Ethanol (NASDAQ:PEIX) last announced its earnings results on Wednesday, February 28th. The oil and gas company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.21). The business had revenue of $395.27 million for the quarter, compared to the consensus estimate of $418.84 million. Pacific Ethanol had a negative return on equity of 8.84% and a negative net margin of 2.14%. Pacific Ethanol’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 EPS. equities analysts predict that Pacific Ethanol will post -0.49 EPS for the current year.
In other news, CEO Neil M. Koehler purchased 30,000 shares of the business’s stock in a transaction dated Thursday, March 8th. The shares were acquired at an average price of $3.20 per share, with a total value of $96,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Larry D. Layne purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were purchased at an average cost of $3.70 per share, for a total transaction of $37,000.00. The disclosure for this purchase can be found here. Insiders have bought 52,000 shares of company stock worth $172,425 in the last ninety days. 3.87% of the stock is currently owned by 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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