Pacific Ethanol (PEIX) Earning Favorable Media Coverage, Study Shows

News coverage about Pacific Ethanol (NASDAQ:PEIX) has been trending positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pacific Ethanol earned a media sentiment score of 0.42 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 47.3099216232954 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news stories that may have impacted Accern’s scoring:

Shares of Pacific Ethanol remained flat at $$2.35 during trading hours on Friday, MarketBeat reports. The company’s stock had a trading volume of 259,527 shares, compared to its average volume of 307,633. Pacific Ethanol has a fifty-two week low of $2.30 and a fifty-two week high of $6.05. The stock has a market capitalization of $102.95 million, a price-to-earnings ratio of -2.76 and a beta of 2.08. The company has a quick ratio of 1.51, a current ratio of 2.24 and a debt-to-equity ratio of 0.61.

Pacific Ethanol (NASDAQ:PEIX) last announced its quarterly earnings results on Wednesday, August 8th. The oil and gas company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.12). The firm had revenue of $410.52 million during the quarter, compared to analysts’ expectations of $434.65 million. Pacific Ethanol had a negative net margin of 2.09% and a negative return on equity of 8.97%. analysts expect that Pacific Ethanol will post -0.25 earnings per share for the current fiscal year.

Several research analysts recently commented on PEIX shares. HC Wainwright set a $14.00 price target on Pacific Ethanol and gave the stock a “buy” rating in a research report on Friday. Zacks Investment Research upgraded Pacific Ethanol from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 8th. Finally, ValuEngine upgraded Pacific Ethanol from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 9th.

Pacific Ethanol Company Profile

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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