Press coverage about Pacific Ethanol (NASDAQ:PEIX) has been trending positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pacific Ethanol earned a news sentiment score of 0.45 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 47.7440005476767 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Pacific Ethanol from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. B. Riley set a $7.00 price objective on shares of Pacific Ethanol and gave the company a “buy” rating in a research report on Sunday, August 12th. HC Wainwright set a $14.00 target price on shares of Pacific Ethanol and gave the company a “buy” rating in a research report on Friday, August 10th. Finally, ValuEngine raised shares of Pacific Ethanol from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd.
PEIX stock opened at $1.60 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.54 and a debt-to-equity ratio of 0.66. Pacific Ethanol has a one year low of $1.55 and a one year high of $6.05. The company has a market cap of $71.93 million, a price-to-earnings ratio of -1.88 and a beta of 1.83.
Pacific Ethanol (NASDAQ:PEIX) last issued its earnings results on Wednesday, August 8th. The oil and gas company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.12). Pacific Ethanol had a negative return on equity of 9.12% and a negative net margin of 2.09%. The firm had revenue of $410.52 million during the quarter, compared to analysts’ expectations of $434.65 million. analysts anticipate that Pacific Ethanol will post -0.44 EPS for the current year.
About Pacific Ethanol
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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