Pacific Ethanol Inc (NASDAQ:PEIX) shares rose 18.2% during mid-day trading on Thursday . The company traded as high as $1.95 and last traded at $1.95. Approximately 533,837 shares were traded during trading, an increase of 16% from the average daily volume of 459,814 shares. The stock had previously closed at $1.65.

PEIX has been the topic of a number of recent research reports. ValuEngine raised Pacific Ethanol from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Zacks Investment Research cut Pacific Ethanol from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. B. Riley set a $7.00 price objective on Pacific Ethanol and gave the company a “buy” rating in a research note on Sunday, August 12th. Finally, HC Wainwright set a $14.00 price objective on Pacific Ethanol and gave the company a “buy” rating in a research note on Friday, August 10th.

The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.54 and a current ratio of 2.21. The firm has a market capitalization of $76.42 million, a price-to-earnings ratio of -2.29 and a beta of 1.83.

Pacific Ethanol (NASDAQ:PEIX) last posted its earnings results on Wednesday, August 8th. The oil and gas company reported ($0.31) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.12). The firm had revenue of $410.52 million for the quarter, compared to analysts’ expectations of $434.65 million. Pacific Ethanol had a negative return on equity of 9.12% and a negative net margin of 2.09%. analysts expect that Pacific Ethanol Inc will post -0.44 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Millennium Management LLC purchased a new stake in shares of Pacific Ethanol during the second quarter worth about $1,606,000. Paloma Partners Management Co purchased a new stake in shares of Pacific Ethanol during the second quarter worth about $547,000. Valeo Financial Advisors LLC boosted its holdings in shares of Pacific Ethanol by 184.5% during the second quarter. Valeo Financial Advisors LLC now owns 53,200 shares of the oil and gas company’s stock worth $112,000 after purchasing an additional 34,500 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Pacific Ethanol by 89.8% during the second quarter. Renaissance Technologies LLC now owns 182,600 shares of the oil and gas company’s stock worth $475,000 after purchasing an additional 86,400 shares during the period. Finally, United Services Automobile Association boosted its holdings in shares of Pacific Ethanol by 65.6% during the second quarter. United Services Automobile Association now owns 179,761 shares of the oil and gas company’s stock worth $467,000 after purchasing an additional 71,200 shares during the period. Institutional investors own 64.94% of the company’s stock.

About Pacific Ethanol (NASDAQ:PEIX)

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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