ValuEngine lowered shares of Pacific Ethanol, Inc. (NASDAQ:PEIX) from a hold rating to a sell rating in a research report sent to investors on Friday.

Other analysts have also issued reports about the company. HC Wainwright restated a buy rating and issued a $14.00 target price on shares of Pacific Ethanol in a research note on Wednesday, June 28th. Cowen and Company set a $13.00 target price on Pacific Ethanol and gave the company a buy rating in a research note on Saturday, July 29th. Finally, Zacks Investment Research upgraded Pacific Ethanol from a strong sell rating to a hold rating in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $12.50.

Shares of Pacific Ethanol (PEIX) opened at 5.00 on Friday. The firm’s 50-day moving average is $5.30 and its 200 day moving average is $6.36. The company’s market cap is $219.86 million. Pacific Ethanol has a 1-year low of $4.15 and a 1-year high of $10.95.

Pacific Ethanol (NASDAQ:PEIX) last announced its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by $0.18. Pacific Ethanol had a negative net margin of 0.72% and a negative return on equity of 3.02%. The business had revenue of $405.20 million during the quarter, compared to analyst estimates of $410.34 million. During the same quarter last year, the business posted $0.11 earnings per share. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities analysts expect that Pacific Ethanol will post ($0.38) EPS for the current fiscal year.

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Institutional investors have recently bought and sold shares of the stock. Strs Ohio boosted its holdings in Pacific Ethanol by 31.3% in the first quarter. Strs Ohio now owns 89,800 shares of the oil and gas company’s stock valued at $615,000 after acquiring an additional 21,400 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in Pacific Ethanol by 4.7% in the first quarter. OppenheimerFunds Inc. now owns 16,212 shares of the oil and gas company’s stock valued at $111,000 after acquiring an additional 728 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Pacific Ethanol by 29.4% in the first quarter. Vanguard Group Inc. now owns 1,540,132 shares of the oil and gas company’s stock valued at $10,551,000 after acquiring an additional 349,854 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Pacific Ethanol by 4.1% in the first quarter. HighTower Advisors LLC now owns 1,660,822 shares of the oil and gas company’s stock valued at $11,374,000 after acquiring an additional 65,685 shares during the last quarter. Finally, ClariVest Asset Management LLC boosted its holdings in Pacific Ethanol by 60.7% in the first quarter. ClariVest Asset Management LLC now owns 322,009 shares of the oil and gas company’s stock valued at $2,206,000 after acquiring an additional 121,586 shares during the last quarter. Institutional investors and hedge funds own 75.08% of the company’s stock.

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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