Pacific Ethanol Research Coverage Started at Craig Hallum (PEIX)
Investment analysts at Craig Hallum assumed coverage on shares of Pacific Ethanol (NASDAQ:PEIX) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $28.00 price target on the stock. Craig Hallum’s price target indicates a potential upside of 21.16% from the stock’s previous close.
Separately, analysts at TheStreet upgraded shares of Pacific Ethanol to a “buy” rating in a research note on Monday, August 4th.
Pacific Ethanol (NASDAQ:PEIX) opened at 23.76 on Tuesday. Pacific Ethanol has a one year low of $2.33 and a one year high of $23.15. The stock’s 50-day moving average is $19.42 and its 200-day moving average is $15.11. The company has a market cap of $568.1 million and a P/E ratio of 56.50.
Pacific Ethanol (NASDAQ:PEIX) last issued its quarterly earnings data 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 $3.48 EPS for the current fiscal year.
In other Pacific Ethanol news, CEO Neil M. Koehler unloaded 25,000 shares of Pacific Ethanol stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $21.27, for a total transaction of $531,750.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Pacific Ethanol, Inc is a marketer and producer of low carbon renewable fuels in the Western United States.
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