Pacific Ethanol Inc (NASDAQ:PEIX) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $1.68 and last traded at $1.60, with a volume of 5529 shares trading hands. The stock had previously closed at $1.75.

A number of research analysts have recently commented on PEIX shares. ValuEngine downgraded shares of Pacific Ethanol from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Zacks Investment Research downgraded shares of Pacific Ethanol from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. HC Wainwright reaffirmed a “buy” rating on shares of Pacific Ethanol in a research note on Monday, July 16th. Finally, B. Riley set a $7.00 target price on shares of Pacific Ethanol and gave the stock a “buy” rating in a research report on Sunday, August 12th.

The stock has a market capitalization of $71.93 million, a PE ratio of -1.88 and a beta of 1.83. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.54 and a current ratio of 2.21.

Pacific Ethanol (NASDAQ:PEIX) last posted its earnings results on Wednesday, August 8th. The oil and gas company reported ($0.31) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.12). The business had revenue of $410.52 million for the quarter, compared to analyst estimates of $434.65 million. Pacific Ethanol had a negative return on equity of 9.12% and a negative net margin of 2.09%. research analysts anticipate that Pacific Ethanol Inc will post -0.44 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in Pacific Ethanol by 9.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,344,706 shares of the oil and gas company’s stock worth $8,696,000 after purchasing an additional 274,844 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Pacific Ethanol by 80.7% in the 1st quarter. JPMorgan Chase & Co. now owns 1,690,258 shares of the oil and gas company’s stock worth $5,071,000 after acquiring an additional 754,734 shares during the period. Candlewood Investment Group LP boosted its holdings in Pacific Ethanol by 42.5% in the 2nd quarter. Candlewood Investment Group LP now owns 1,680,130 shares of the oil and gas company’s stock worth $4,368,000 after acquiring an additional 501,296 shares during the period. Foundry Partners LLC boosted its holdings in Pacific Ethanol by 5.6% in the 2nd quarter. Foundry Partners LLC now owns 1,148,471 shares of the oil and gas company’s stock worth $2,986,000 after acquiring an additional 61,281 shares during the period. Finally, Matarin Capital Management LLC purchased a new position in Pacific Ethanol in the 1st quarter worth approximately $2,149,000. 64.98% of the stock is owned by hedge funds and other institutional investors.

About Pacific Ethanol (NASDAQ:PEIX)

Pacific Ethanol, Inc produces and markets low-carbon renewable fuels in the United States. The company operates in two segments, Production and Marketing. It produces and markets ethanol; specialty alcohols; and co-products, such as wet distillers grains, dry distillers grains with solubles, 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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