Pacific Ethanol Upgraded to “Buy” by TheStreet (PEIX)
Shares of Pacific Ethanol (NASDAQ:PEIX) traded up 2.14% during mid-day trading on Monday, hitting $19.55. The stock had a trading volume of 1,132,669 shares. Pacific Ethanol has a one year low of $2.33 and a one year high of $19.30. The stock has a 50-day moving average of $16.35 and a 200-day moving average of $13.2. The company has a market cap of $415.1 million and a price-to-earnings ratio of 46.80.
Pacific Ethanol (NASDAQ:PEIX) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.77 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.65 by $0.12. The company had revenue of $321.10 million for the quarter, compared to the consensus estimate of $262.27 million. Pacific Ethanol’s revenue was up 37.3% compared to the same quarter last year. On average, analysts predict that Pacific Ethanol will post $3.55 earnings per share for the current fiscal year.
Pacific Ethanol, Inc is a marketer and producer of low carbon renewable fuels in the Western United States.
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