Headlines about Pacific Ethanol (NASDAQ:PEIX) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Pacific Ethanol earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 45.3826435676455 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
PEIX has been the topic of a number of analyst reports. Zacks Investment Research cut Pacific Ethanol from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. B. Riley initiated coverage on Pacific Ethanol in a research note on Tuesday, November 28th. They issued a “buy” rating and a $7.00 price objective on the stock. Finally, HC Wainwright reissued a “buy” rating and issued a $14.00 price objective on shares of Pacific Ethanol in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Pacific Ethanol has a consensus rating of “Buy” and a consensus price target of $10.20.
Shares of Pacific Ethanol (NASDAQ PEIX) traded up $0.10 during midday trading on Friday, reaching $4.25. The company’s stock had a trading volume of 341,882 shares, compared to its average volume of 315,559. Pacific Ethanol has a 1-year low of $3.55 and a 1-year high of $9.35. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.30 and a quick ratio of 1.53. The company has a market cap of $191.38, a PE ratio of -18.48, a PEG ratio of 0.42 and a beta of 1.84.
In other news, Director William L. Jones sold 20,000 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $4.30, for a total transaction of $86,000.00. Following the completion of the sale, the director now owns 56,903 shares in the company, valued at approximately $244,682.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.87% of the company’s stock.
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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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