Pacific Ethanol (PEIX) Given Coverage Optimism Score of 0.21
News coverage about Pacific Ethanol (NASDAQ:PEIX) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pacific Ethanol earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 45.3353332500492 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- ETFs with exposure to Pacific Ethanol, Inc. : October 12, 2017 (finance.yahoo.com)
- Pacific Ethanol, Inc. (PEIX) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Pacific Ethanol, Inc. :PEIX-US: Earnings Analysis: Q2, 2017 By the Numbers : October 11, 2017 (finance.yahoo.com)
- Traders Technical Secrets on Pacific Ethanol, Inc. (PEIX) – Wall Street Morning (wallstreetmorning.com)
- Pacific Ethanol, Inc. (PEIX) Cut to “Strong Sell” at Zacks Investment Research (americanbankingnews.com)
A number of analysts have weighed in on the company. HC Wainwright reiterated a “buy” rating and issued a $14.00 price target on shares of Pacific Ethanol in a research report on Wednesday, June 28th. ValuEngine upgraded Pacific Ethanol from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Cowen and Company set a $13.00 price target on Pacific Ethanol and gave the company a “buy” rating in a research report on Saturday, July 29th. Finally, Zacks Investment Research cut Pacific Ethanol from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $13.00.
Shares of Pacific Ethanol (PEIX) opened at 5.20 on Friday. The firm has a 50-day moving average price of $5.26 and a 200-day moving average price of $5.98. Pacific Ethanol has a 12 month low of $4.15 and a 12 month high of $10.95. The company’s market capitalization is $228.65 million.
Pacific Ethanol (NASDAQ:PEIX) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.22) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.18). Pacific Ethanol had a negative return on equity of 3.02% and a negative net margin of 0.72%. The company had revenue of $405.20 million for the quarter, compared to the consensus estimate of $410.34 million. During the same quarter last year, the business earned $0.11 EPS. Pacific Ethanol’s revenue was down 4.2% on a year-over-year basis. On average, equities research analysts predict that Pacific Ethanol will post ($0.38) EPS for the current year.
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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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