Shares of Pacific Ethanol Inc (NASDAQ:PEIX) have been assigned a consensus recommendation of “Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $11.50.

A number of equities research analysts have weighed in on PEIX shares. Zacks Investment Research lowered Pacific Ethanol from a “hold” rating to a “strong sell” rating in a research note on Saturday, October 28th. B. Riley started coverage on Pacific Ethanol in a research note on Tuesday, November 28th. They set a “buy” rating and a $7.00 price objective for the company. Finally, HC Wainwright restated a “buy” rating and set a $14.00 price objective on shares of Pacific Ethanol in a research note on Thursday, November 9th.

Shares of Pacific Ethanol (NASDAQ PEIX) opened at $4.65 on Wednesday. Pacific Ethanol has a 12 month low of $4.10 and a 12 month high of $9.35. The company has a current ratio of 2.30, a quick ratio of 1.53 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $204.46, a P/E ratio of -20.22, a price-to-earnings-growth ratio of 0.48 and a beta of 2.06.

Pacific Ethanol (NASDAQ:PEIX) last issued its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.09. Pacific Ethanol had a negative return on equity of 2.13% and a negative net margin of 0.51%. The firm had revenue of $445.40 million during the quarter, compared to analyst estimates of $434.57 million. During the same quarter last year, the firm earned ($0.09) EPS. Pacific Ethanol’s quarterly revenue was up 6.6% on a year-over-year basis. equities research analysts forecast that Pacific Ethanol will post -0.58 earnings per share for the current year.

In other news, Director William L. Jones sold 20,000 shares of Pacific Ethanol stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $4.30, for a total value of $86,000.00. Following the completion of the transaction, the director now owns 56,903 shares in the company, valued at approximately $244,682.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.87% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of PEIX. Principal Financial Group Inc. acquired a new position in shares of Pacific Ethanol in the 2nd quarter worth approximately $100,000. First Quadrant L P CA grew its position in shares of Pacific Ethanol by 496.8% in the 3rd quarter. First Quadrant L P CA now owns 18,935 shares of the oil and gas company’s stock worth $105,000 after acquiring an additional 15,762 shares in the last quarter. Voya Investment Management LLC grew its position in shares of Pacific Ethanol by 21.9% in the 2nd quarter. Voya Investment Management LLC now owns 19,222 shares of the oil and gas company’s stock worth $120,000 after acquiring an additional 3,448 shares in the last quarter. Brandywine Global Investment Management LLC grew its position in shares of Pacific Ethanol by 2.8% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 22,350 shares of the oil and gas company’s stock worth $140,000 after acquiring an additional 610 shares in the last quarter. Finally, Laurion Capital Management LP acquired a new position in shares of Pacific Ethanol in the 2nd quarter worth approximately $147,000. Institutional investors own 80.54% of the company’s stock.

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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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