Zacks Investment Research lowered shares of Pacific Ethanol (NASDAQ:PEIX) from a hold rating to a sell rating in a research note released on Tuesday morning.

According to Zacks, “Pacific Ethanol, Inc. is currently in the business of marketing ethanol in the Western United States through Kinergy Marketing, a wholly-owned subsidiary of the Company and the largest West Coast-based marketer of renewable fuels. The Company intends, in the near future, to construct an ethanol production facility at its Madera County, California, site. “

A number of other equities analysts have also weighed in on PEIX. B. Riley decreased their price objective on shares of Pacific Ethanol from $7.00 to $5.00 and set a buy rating for the company in a report on Wednesday, November 7th. ValuEngine cut shares of Pacific Ethanol from a hold rating to a sell rating in a research note on Thursday, December 27th. Finally, HC Wainwright set a $8.00 target price on shares of Pacific Ethanol and gave the company a buy rating in a research note on Friday, November 2nd.

Shares of PEIX traded down $0.03 during midday trading on Tuesday, hitting $1.16. The company’s stock had a trading volume of 20,980 shares, compared to its average volume of 566,674. The firm has a market cap of $57.15 million, a price-to-earnings ratio of -1.39 and a beta of 2.18. Pacific Ethanol has a one year low of $0.76 and a one year high of $4.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.39 and a current ratio of 1.94.

Pacific Ethanol (NASDAQ:PEIX) last issued its quarterly earnings data on Wednesday, October 31st. The oil and gas company reported ($0.18) earnings per share 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 firm had revenue of $370.41 million for the quarter, compared to the consensus estimate of $404.30 million. As a group, research analysts forecast that Pacific Ethanol will post -0.92 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in PEIX. Valeo Financial Advisors LLC grew its holdings in Pacific Ethanol by 184.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 53,200 shares of the oil and gas company’s stock valued at $112,000 after purchasing an additional 34,500 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Pacific Ethanol by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,392,150 shares of the oil and gas company’s stock worth $6,445,000 after acquiring an additional 47,444 shares in the last quarter. United Services Automobile Association grew its stake in Pacific Ethanol by 65.6% in the 2nd quarter. United Services Automobile Association now owns 179,761 shares of the oil and gas company’s stock worth $467,000 after acquiring an additional 71,200 shares in the last quarter. Renaissance Technologies LLC grew its stake in Pacific Ethanol by 89.8% in the 2nd quarter. Renaissance Technologies LLC now owns 182,600 shares of the oil and gas company’s stock worth $475,000 after acquiring an additional 86,400 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in Pacific Ethanol in the 2nd quarter worth about $547,000. Hedge funds and other institutional investors own 61.11% 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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