Media headlines about Pacific Ethanol (NASDAQ:PEIX) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pacific Ethanol earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 45.5385042990684 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Pacific Ethanol (NASDAQ:PEIX) traded up $0.04 during trading on Wednesday, hitting $3.69. 150,135 shares of the stock were exchanged, compared to its average volume of 309,025. The firm has a market cap of $169.29, a PE ratio of -15.21, a price-to-earnings-growth ratio of 0.39 and a beta of 1.84. Pacific Ethanol has a fifty-two week low of $3.60 and a fifty-two week high of $9.35. The company has a quick ratio of 1.53, a current ratio of 2.30 and a debt-to-equity ratio of 0.56.
PEIX has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Pacific Ethanol from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. HC Wainwright restated a “buy” rating and set a $14.00 price objective on shares of Pacific Ethanol in a research report on Thursday, November 9th. Finally, B. Riley initiated coverage on shares of Pacific Ethanol in a research report on Tuesday, November 28th. They set a “buy” rating and a $7.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $10.20.
In other news, Director William L. Jones sold 20,000 shares of Pacific Ethanol stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $4.30, for a total value of $86,000.00. Following the transaction, the director now directly owns 56,903 shares of the company’s stock, valued at approximately $244,682.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.87% 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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