Pacific Ethanol (NASDAQ:PEIX) will issue its quarterly earnings data after the market closes on Wednesday, February 28th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter.
Pacific Ethanol (NASDAQ PEIX) opened at $4.35 on Wednesday. Pacific Ethanol has a twelve month low of $3.55 and a twelve month high of $9.35. The firm has a market capitalization of $191.27, a price-to-earnings ratio of -18.91, a P/E/G ratio of 0.43 and a beta of 1.84. The company has a current ratio of 2.30, a quick ratio of 1.53 and a debt-to-equity ratio of 0.56.
PEIX has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Pacific Ethanol from a “hold” rating to a “strong sell” rating in a report on Saturday, October 28th. B. Riley started coverage on Pacific Ethanol in a report on Tuesday, November 28th. They set a “buy” rating and a $7.00 price objective on the stock. Finally, HC Wainwright reiterated a “buy” rating and set a $14.00 target price on shares of Pacific Ethanol in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $10.20.
In other Pacific Ethanol news, Director William L. Jones sold 20,000 shares of the business’s 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 sale, the director now directly owns 56,903 shares in the company, valued at $244,682.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.87% of the stock is currently owned by insiders.
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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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