Insider Selling: Terry L. Stone Sells 10,000 Shares of Pacific Ethanol Stock (PEIX)
Pacific Ethanol (NASDAQ:PEIX) Director Terry L. Stone sold 10,000 shares of the stock on the open market in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $19.98, for a total transaction of $199,800.00. Following the completion of the sale, the director now directly owns 17,745 shares of the company’s stock, valued at approximately $354,545. The sale was disclosed in a document filed with the SEC, which is available at this link.
Pacific Ethanol (NASDAQ:PEIX) traded up 3.61% on Wednesday, hitting $20.08. 1,361,793 shares of the company’s stock traded hands. Pacific Ethanol has a 52-week low of $2.33 and a 52-week high of $19.88. The stock’s 50-day moving average is $17.24 and its 200-day moving average is $13.8. The company has a market cap of $426.4 million and a P/E ratio of 47.38.
Pacific Ethanol (NASDAQ:PEIX) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters 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. The company’s quarterly revenue was up 37.3% on a year-over-year basis. Analysts expect that Pacific Ethanol will post $3.55 EPS for the current fiscal year.
Separately, analysts at TheStreet upgraded shares of Pacific Ethanol to a “buy” rating in a research note on Monday, August 4th.
Pacific Ethanol, Inc is a marketer and producer of low carbon renewable fuels in the Western United States.
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