William L. Jones Sells 20,000 Shares of Pacific Ethanol Inc (PEIX) Stock

Pacific Ethanol Inc (NASDAQ:PEIX) Director William L. Jones sold 20,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $4.30, for a total transaction of $86,000.00. Following the completion of the sale, the director now owns 56,903 shares in the company, valued at approximately $244,682.90. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Pacific Ethanol Inc (NASDAQ PEIX) traded down $0.05 on Friday, reaching $4.30. 251,990 shares of the company traded hands, compared to its average volume of 587,088. Pacific Ethanol Inc has a 52-week low of $4.10 and a 52-week high of $10.95. The company has a current ratio of 2.30, a quick ratio of 1.53 and a debt-to-equity ratio of 0.56.

Pacific Ethanol (NASDAQ:PEIX) last released its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.09. The firm had revenue of $445.40 million for the quarter, compared to analyst estimates of $434.57 million. Pacific Ethanol had a negative net margin of 0.51% and a negative return on equity of 2.13%. Pacific Ethanol’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.09) earnings per share. sell-side analysts predict that Pacific Ethanol Inc will post -0.58 earnings per share for the current fiscal year.

PEIX has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Pacific Ethanol from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. ValuEngine lowered shares of Pacific Ethanol from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. B. Riley initiated coverage on shares of Pacific Ethanol in a research note on Tuesday, November 28th. They issued a “buy” rating and a $7.00 target price on the stock. Finally, HC Wainwright reiterated a “buy” rating and set a $14.00 price objective on shares of Pacific Ethanol in a research note on Thursday, November 9th. Two research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $11.50.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brandywine Global Investment Management LLC raised its stake in Pacific Ethanol by 2.8% during the second quarter. Brandywine Global Investment Management LLC now owns 22,350 shares of the oil and gas company’s stock worth $140,000 after acquiring an additional 610 shares during the period. Nordea Investment Management AB raised its stake in Pacific Ethanol by 0.9% during the second quarter. Nordea Investment Management AB now owns 286,500 shares of the oil and gas company’s stock worth $1,791,000 after acquiring an additional 2,500 shares during the period. Voya Investment Management LLC raised its stake in Pacific Ethanol by 21.9% during the second quarter. Voya Investment Management LLC now owns 19,222 shares of the oil and gas company’s stock worth $120,000 after acquiring an additional 3,448 shares during the period. Strs Ohio raised its stake in Pacific Ethanol by 6.0% during the second quarter. Strs Ohio now owns 95,200 shares of the oil and gas company’s stock worth $595,000 after acquiring an additional 5,400 shares during the period. Finally, First Trust Advisors LP raised its stake in Pacific Ethanol by 23.2% during the second quarter. First Trust Advisors LP now owns 43,522 shares of the oil and gas company’s stock worth $272,000 after acquiring an additional 8,198 shares during the period. Hedge funds and other institutional investors own 80.54% of the company’s stock.

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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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