Analysts forecast that Pacific Ethanol Inc (NASDAQ:PEIX) will report earnings per share (EPS) of ($0.21) for the current quarter, Zacks reports. Two analysts have issued estimates for Pacific Ethanol’s earnings, with estimates ranging from ($0.21) to ($0.20). Pacific Ethanol reported earnings per share of ($0.18) in the same quarter last year, which would suggest a negative year-over-year growth rate of 16.7%. The company is scheduled to issue its next earnings results on Wednesday, October 30th.

On average, analysts expect that Pacific Ethanol will report full year earnings of ($0.84) per share for the current year, with EPS estimates ranging from ($0.87) to ($0.80). For the next financial year, analysts forecast that the company will report earnings of ($0.64) per share, with EPS estimates ranging from ($0.72) to ($0.55). Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Pacific Ethanol.

Pacific Ethanol (NASDAQ:PEIX) last posted its earnings results on Wednesday, July 31st. The oil and gas company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. The firm had revenue of $346.30 million during the quarter, compared to analyst estimates of $377.12 million. Pacific Ethanol had a negative net margin of 4.27% and a negative return on equity of 18.75%.

A number of brokerages have recently weighed in on PEIX. ValuEngine lowered shares of Pacific Ethanol from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. HC Wainwright reduced their price target on shares of Pacific Ethanol from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Zacks Investment Research raised shares of Pacific Ethanol from a “sell” rating to a “hold” rating in a research note on Thursday, July 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Pacific Ethanol presently has an average rating of “Hold” and an average target price of $4.00.

Shares of NASDAQ:PEIX traded up $0.04 during trading on Thursday, reaching $0.59. The company had a trading volume of 343,094 shares, compared to its average volume of 418,696. The firm’s fifty day moving average is $0.64 and its 200 day moving average is $0.82. Pacific Ethanol has a twelve month low of $0.50 and a twelve month high of $2.52. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.45.

In related news, CEO Neil M. Koehler purchased 100,000 shares of Pacific Ethanol stock in a transaction dated Thursday, August 22nd. The stock was bought at an average cost of $0.57 per share, with a total value of $57,000.00. Following the purchase, the chief executive officer now owns 932,985 shares in the company, valued at approximately $531,801.45. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 5.48% of the company’s stock.

Several large investors have recently modified their holdings of PEIX. A.R.T. Advisors LLC acquired a new stake in shares of Pacific Ethanol in the 2nd quarter worth approximately $34,000. Bank of New York Mellon Corp lifted its stake in shares of Pacific Ethanol by 112.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 183,507 shares of the oil and gas company’s stock worth $140,000 after acquiring an additional 97,036 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Pacific Ethanol by 22.6% in the 1st quarter. Acadian Asset Management LLC now owns 430,145 shares of the oil and gas company’s stock worth $422,000 after acquiring an additional 79,403 shares during the period. Vanguard Group Inc. lifted its stake in shares of Pacific Ethanol by 55.0% in the 2nd quarter. Vanguard Group Inc. now owns 1,910,502 shares of the oil and gas company’s stock worth $1,461,000 after acquiring an additional 677,991 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Pacific Ethanol by 42.6% in the 2nd quarter. Renaissance Technologies LLC now owns 2,062,077 shares of the oil and gas company’s stock worth $1,577,000 after acquiring an additional 615,846 shares during the period. 41.73% of the stock is owned by institutional investors.

Pacific Ethanol Company Profile

Pacific Ethanol, Inc produces and markets low-carbon renewable fuels and alcohol products in the United States. The company operates in two segments, Production and Marketing. It produces and markets ethanol; and co-products, such as wet and dry distillers grains, wet and dry corn gluten feed, condensed distillers solubles, corn gluten meal, corn germ, corn oil, distillers yeast, and CO2, as well as markets ethanol produced by third parties.

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