Pacific Ethanol Inc (NASDAQ:PEIX) Director Larry D. Layne purchased 10,000 shares of Pacific Ethanol stock in a transaction on Tuesday, March 6th. The stock was bought at an average price of $3.70 per share, for a total transaction of $37,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Pacific Ethanol Inc (PEIX) traded down $0.05 during trading on Wednesday, hitting $3.63. 361,179 shares of the stock were exchanged, compared to its average volume of 398,632. Pacific Ethanol Inc has a 12-month low of $3.10 and a 12-month high of $7.57. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.53 and a current ratio of 2.30. The company has a market cap of $159.39, a P/E ratio of -4.26 and a beta of 1.78.
Pacific Ethanol (NASDAQ:PEIX) last posted its earnings results on Wednesday, February 28th. The oil and gas company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.21). Pacific Ethanol had a negative return on equity of 8.75% and a negative net margin of 2.14%. The business had revenue of $395.27 million during the quarter, compared to the consensus estimate of $418.84 million. During the same quarter last year, the firm earned $0.30 earnings per share. The business’s quarterly revenue was down 10.5% on a year-over-year basis. sell-side analysts forecast that Pacific Ethanol Inc will post -0.49 earnings per share for the current year.
A number of analysts have issued reports on PEIX shares. Zacks Investment Research downgraded shares of Pacific Ethanol from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. ValuEngine downgraded shares of Pacific Ethanol from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. HC Wainwright set a $14.00 price target on shares of Pacific Ethanol and gave the company a “buy” rating in a report on Friday, March 2nd. Finally, B. Riley started coverage on shares of Pacific Ethanol in a report on Tuesday, November 28th. They issued a “buy” rating and a $7.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given 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.
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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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