Pacific Ethanol Inc (NASDAQ:PEIX) – Investment analysts at B. Riley issued their FY2018 earnings estimates for Pacific Ethanol in a research report issued on Wednesday, November 7th. B. Riley analyst C. Driscoll expects that the oil and gas company will post earnings per share of ($1.01) for the year. B. Riley currently has a “Buy” rating and a $5.00 target price on the stock. B. Riley also issued estimates for Pacific Ethanol’s Q4 2018 earnings at ($0.33) EPS, Q1 2019 earnings at ($0.26) EPS, Q2 2019 earnings at ($0.19) EPS, Q3 2019 earnings at ($0.08) EPS, Q4 2019 earnings at ($0.04) EPS, FY2019 earnings at ($0.56) EPS and FY2020 earnings at ($0.16) EPS.
A number of other equities analysts have also weighed in on PEIX. Zacks Investment Research lowered shares of Pacific Ethanol from a “hold” rating to a “sell” rating in a report on Saturday, November 3rd. HC Wainwright set a $8.00 price objective on shares of Pacific Ethanol and gave the stock a “buy” rating in a report on Friday, November 2nd. Finally, ValuEngine upgraded shares of Pacific Ethanol from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd.
Shares of NASDAQ PEIX opened at $1.74 on Friday. Pacific Ethanol has a twelve month low of $1.38 and a twelve month high of $4.90. The company has a market capitalization of $79.55 million, a P/E ratio of -2.05 and a beta of 1.89. The company has a quick ratio of 1.54, a current ratio of 1.94 and a debt-to-equity ratio of 0.61.
Pacific Ethanol (NASDAQ:PEIX) last issued its quarterly earnings results on Wednesday, October 31st. The oil and gas company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). Pacific Ethanol had a negative return on equity of 11.39% and a negative net margin of 2.66%. The company had revenue of $370.41 million during the quarter, compared to the consensus estimate of $404.30 million.
A number of hedge funds and other institutional investors have recently made changes to their positions in PEIX. Valeo Financial Advisors LLC raised its holdings in Pacific Ethanol by 184.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 53,200 shares of the oil and gas company’s stock worth $112,000 after acquiring an additional 34,500 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Pacific Ethanol in the 2nd quarter worth approximately $154,000. LMR Partners LLP purchased a new position in Pacific Ethanol in the 2nd quarter worth approximately $281,000. California Public Employees Retirement System raised its stake in Pacific Ethanol by 24.0% during the 1st quarter. California Public Employees Retirement System now owns 114,573 shares of the oil and gas company’s stock valued at $344,000 after buying an additional 22,179 shares during the last quarter. Finally, United Services Automobile Association raised its stake in Pacific Ethanol by 65.6% during the 2nd quarter. United Services Automobile Association now owns 179,761 shares of the oil and gas company’s stock valued at $467,000 after buying an additional 71,200 shares during the last quarter. Institutional investors own 64.78% of the company’s stock.
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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