Pacific Ethanol Inc (PEIX) Short Interest Up 73.4% in February
Pacific Ethanol Inc (NASDAQ:PEIX) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 1,993,269 shares, a growth of 73.4% from the January 31st total of 1,149,331 shares. Based on an average daily trading volume, of 300,803 shares, the short-interest ratio is presently 6.6 days. Currently, 4.7% of the shares of the company are sold short.
Pacific Ethanol (PEIX) opened at $3.90 on Friday. 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 stock has a market cap of $180.28, a price-to-earnings ratio of -4.53, a price-to-earnings-growth ratio of 0.41 and a beta of 1.78. Pacific Ethanol has a twelve month low of $3.55 and a twelve month high of $8.35.
Pacific Ethanol (NASDAQ:PEIX) last posted its quarterly earnings data on Wednesday, February 28th. The oil and gas company reported ($0.32) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.21). The company had revenue of $395.27 million for the quarter, compared to analysts’ expectations of $418.84 million. Pacific Ethanol had a negative net margin of 2.14% and a negative return on equity of 8.75%. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 earnings per share. equities research analysts predict that Pacific Ethanol will post 0.5 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the business. First Quadrant L P CA lifted its holdings in Pacific Ethanol by 496.8% during the third quarter. First Quadrant L P CA now owns 18,935 shares of the oil and gas company’s stock valued at $105,000 after purchasing an additional 15,762 shares in the last quarter. Voya Investment Management LLC lifted its holdings in Pacific Ethanol by 21.9% during the second quarter. Voya Investment Management LLC now owns 19,222 shares of the oil and gas company’s stock valued at $120,000 after purchasing an additional 3,448 shares in the last quarter. Virtu Financial LLC purchased a new position in Pacific Ethanol during the fourth quarter valued at $126,000. Alliancebernstein L.P. purchased a new position in Pacific Ethanol during the second quarter valued at $188,000. Finally, GSA Capital Partners LLP purchased a new position in Pacific Ethanol during the third quarter valued at $185,000. 76.11% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on PEIX. HC Wainwright reissued a “buy” rating and set a $14.00 price target on shares of Pacific Ethanol in a report on Thursday, November 9th. Zacks Investment Research downgraded shares of Pacific Ethanol from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. B. Riley began coverage on shares of Pacific Ethanol in a report on Tuesday, November 28th. They set a “buy” rating and a $7.00 price target on the stock. Finally, ValuEngine downgraded shares of Pacific Ethanol from a “sell” rating to a “strong sell” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Pacific Ethanol currently has a consensus rating of “Buy” and an average price target of $10.20.
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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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