Pacific Ethanol Inc (NASDAQ:PEIX) Director William L. Jones sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $4.30, for a total value of $86,000.00. Following the completion of the sale, the director now directly owns 56,903 shares of the company’s stock, valued at $244,682.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Pacific Ethanol Inc (NASDAQ:PEIX) traded down $0.05 during midday trading on Friday, reaching $4.30. The company had a trading volume of 251,590 shares, compared to its average volume of 375,684. Pacific Ethanol Inc has a 12-month low of $4.10 and a 12-month 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 released its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.09. Pacific Ethanol had a negative return on equity of 2.13% and a negative net margin of 0.51%. The firm had revenue of $445.40 million during the quarter, compared to the consensus estimate of $434.57 million. During the same period last year, the business posted ($0.09) EPS. Pacific Ethanol’s quarterly revenue was up 6.6% on a year-over-year basis. equities research analysts expect that Pacific Ethanol Inc will post -0.58 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PEIX. TIAA CREF Investment Management LLC increased its stake in Pacific Ethanol by 182.1% in the 1st quarter. TIAA CREF Investment Management LLC now owns 201,450 shares of the oil and gas company’s stock valued at $1,380,000 after purchasing an additional 130,036 shares in the last quarter. Vanguard Group Inc. increased its stake in Pacific Ethanol by 29.4% in the 1st quarter. Vanguard Group Inc. now owns 1,540,132 shares of the oil and gas company’s stock valued at $10,551,000 after purchasing an additional 349,854 shares in the last quarter. Geode Capital Management LLC increased its stake in Pacific Ethanol by 4.9% in the 1st quarter. Geode Capital Management LLC now owns 280,549 shares of the oil and gas company’s stock valued at $1,921,000 after purchasing an additional 13,068 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Pacific Ethanol by 56.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,645,060 shares of the oil and gas company’s stock valued at $11,269,000 after purchasing an additional 590,856 shares in the last quarter. Finally, Morgan Stanley increased its stake in Pacific Ethanol by 39.9% in the 1st quarter. Morgan Stanley now owns 404,035 shares of the oil and gas company’s stock valued at $2,767,000 after purchasing an additional 115,273 shares in the last quarter. 80.54% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently commented on PEIX shares. Zacks Investment Research cut Pacific Ethanol from a “hold” rating to a “strong sell” rating in a report on Saturday, October 28th. ValuEngine cut Pacific Ethanol from a “hold” rating to a “sell” rating in a report on Friday, September 1st. HC Wainwright reissued a “buy” rating and issued a $14.00 price target on shares of Pacific Ethanol in a report on Thursday, November 9th. Finally, B. Riley began coverage on Pacific Ethanol in a report on Tuesday, November 28th. They issued a “buy” rating and a $7.00 price target for the company. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. Pacific Ethanol has a consensus rating of “Hold” and an average price target of $11.50.
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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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