Pacific Ethanol (PEIX) Earning Somewhat Favorable Press Coverage, Report Finds
News headlines about Pacific Ethanol (NASDAQ:PEIX) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pacific Ethanol earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 45.8126304217522 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Pacific Ethanol (NASDAQ PEIX) traded down 2.02% on Thursday, hitting $4.85. 8,225 shares of the stock were exchanged. The company has a 50-day moving average price of $5.35 and a 200-day moving average price of $5.92. Pacific Ethanol has a one year low of $4.15 and a one year high of $10.95. The firm’s market capitalization is $213.26 million.
Pacific Ethanol (NASDAQ:PEIX) last posted its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.18). The company had revenue of $405.20 million for the quarter, compared to analyst estimates of $410.34 million. Pacific Ethanol had a negative return on equity of 3.02% and a negative net margin of 0.72%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 EPS. Equities research analysts expect that Pacific Ethanol will post ($0.38) earnings per share for the current year.
PEIX has been the subject of a number of research analyst reports. HC Wainwright set a $14.00 target price on shares of Pacific Ethanol and gave the stock a “buy” rating in a research report on Friday, August 4th. Cowen and Company set a $13.00 target price on shares of Pacific Ethanol and gave the stock a “buy” rating in a research report on Saturday, July 29th. ValuEngine raised shares of Pacific Ethanol from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Zacks Investment Research raised shares of Pacific Ethanol from a “strong sell” rating to a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $13.00.
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About Pacific Ethanol
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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