Pacific Ethanol CEO Neil M. Koehler Sells 25,000 Shares (PEIX)
Pacific Ethanol (NASDAQ:PEIX) CEO Neil M. Koehler sold 25,000 shares of the stock on the open market in a transaction dated Friday, August 22nd. The shares were sold at an average price of $21.27, for a total value of $531,750.00. Following the sale, the chief executive officer now directly owns 328,611 shares of the company’s stock, valued at approximately $6,989,556. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Pacific Ethanol (NASDAQ:PEIX) traded up 1.23% on Tuesday, hitting $21.41. 733,470 shares of the company’s stock traded hands. Pacific Ethanol has a 52-week low of $2.33 and a 52-week high of $22.02. The stock has a 50-day moving average of $18.83 and a 200-day moving average of $14.89. The company has a market cap of $511.9 million and a price-to-earnings ratio of 51.71.
Pacific Ethanol (NASDAQ:PEIX) last announced its 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.
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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