Pacific Ethanol (PEIX) Getting Somewhat Favorable Press Coverage, Report Shows
Press coverage about Pacific Ethanol (NASDAQ:PEIX) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pacific Ethanol earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 46.645357479495 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Pacific Ethanol (PEIX) traded up $0.07 on Friday, hitting $4.73. 37,973 shares of the stock traded hands, compared to its average volume of 599,304. Pacific Ethanol has a 52 week low of $4.10 and a 52 week high of $10.95. The company has a quick ratio of 1.53, a current ratio of 2.30 and a debt-to-equity ratio of 0.56.
Pacific Ethanol (NASDAQ:PEIX) last posted its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.09. The company had revenue of $445.40 million during the quarter, compared to analysts’ expectations of $434.57 million. Pacific Ethanol had a negative net margin of 0.51% and a negative return on equity of 2.13%. Pacific Ethanol’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.09) earnings per share. research analysts anticipate that Pacific Ethanol will post -0.6 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on the stock. HC Wainwright reiterated a “buy” rating and set a $14.00 price objective on shares of Pacific Ethanol in a research report on Thursday, November 9th. Zacks Investment Research cut shares of Pacific Ethanol from a “hold” rating to a “strong sell” rating in a research report on Saturday, October 28th. ValuEngine cut shares of Pacific Ethanol from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Cowen Inc set a $13.00 price objective on shares of Pacific Ethanol and gave the stock a “buy” rating in a research report on Saturday, July 29th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price 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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