Price Action Report: How Analysts Feel About Pacific Ethanol Inc After Today’s Significant Increase?

Price Action Report: How Analysts Feel About Pacific Ethanol Inc After Today's Significant Increase?

The stock of Pacific Ethanol Inc (NASDAQ:PEIX) is a huge mover today! About 683,589 shares traded hands or 22.26% up from the average. Pacific Ethanol Inc (NASDAQ:PEIX) has risen 63.44% since March 2, 2016 and is uptrending. It has outperformed by 55.18% the S&P500.
The move comes after 7 months positive chart setup for the $279.25 million company. It was reported on Oct, 5 by We have $19.97 PT which if reached, will make NASDAQ:PEIX worth $508.24M more.

Analysts await Pacific Ethanol Inc (NASDAQ:PEIX) to report earnings on November, 2. They expect $0.07 earnings per share, up 138.89% or $0.25 from last year’s $-0.18 per share. PEIX’s profit will be $2.76M for 25.29 P/E if the $0.07 EPS becomes a reality. After $0.11 actual earnings per share reported by Pacific Ethanol Inc for the previous quarter, Wall Street now forecasts -36.36% negative EPS growth.

Pacific Ethanol Inc (NASDAQ:PEIX) Ratings Coverage

Out of 3 analysts covering Pacific Ethanol (NASDAQ:PEIX), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Pacific Ethanol has been the topic of 5 analyst reports since October 8, 2015 according to StockzIntelligence Inc. Roth Capital maintained Pacific Ethanol Inc (NASDAQ:PEIX) rating on Monday, March 14. Roth Capital has “Buy” rating and $7.50 price target. The stock has “Buy” rating given by Rodman & Reshaw on Tuesday, May 24.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment increased to 0.78 in 2016 Q2. Its up 0.07, from 0.71 in 2016Q1. The ratio increased, as 13 funds sold all Pacific Ethanol Inc shares owned while 28 reduced positions. 10 funds bought stakes while 22 increased positions. They now own 28.35 million shares or 1.70% less from 28.84 million shares in 2016Q1.
Bnp Paribas Arbitrage holds 0% of its portfolio in Pacific Ethanol Inc (NASDAQ:PEIX) for 2,292 shares. Dimensional Fund Advsr Lp owns 111,786 shares or 0% of their US portfolio. Morgan Stanley has 24,447 shares for 0% of their US portfolio. Washington Tru National Bank accumulated 1 shares or 0% of the stock. Farmers And Merchants Invests accumulated 0% or 7 shares. Fuller And Thaler Asset Mngmt accumulated 0.03% or 331,150 shares. Royal National Bank & Trust Of Canada accumulated 111 shares or 0% of the stock. The Delaware-based Blackrock Limited Liability has invested 0% in Pacific Ethanol Inc (NASDAQ:PEIX). Blackrock Institutional Trust Na has 0% invested in the company for 632,522 shares. Redwood Cap Mngmt Limited Liability Corp accumulated 150,000 shares or 0.13% of the stock. Citadel Lc holds 0% of its portfolio in Pacific Ethanol Inc (NASDAQ:PEIX) for 72,290 shares. Qs Invsts Limited Liability last reported 0% of its portfolio in the stock. Diam Limited last reported 106,700 shares in the company. Commerce Comml Bank has 0% invested in the company for 13,790 shares. Lsv Asset holds 0% or 4,100 shares in its portfolio.

Insider Transactions: Since June 9, 2016, the stock had 0 buys, and 3 insider sales for $404,127 net activity. 15,000 shares with value of $100,305 were sold by Jones William L on Wednesday, August 10. 17,745 Pacific Ethanol Inc (NASDAQ:PEIX) shares with value of $117,827 were sold by Prince John L. The insider Wright Christopher W sold 31,000 shares worth $185,995.

More important recent Pacific Ethanol Inc (NASDAQ:PEIX) news were published by: which released: “CleanFund Provides Largest Ever Commercial PACE Financing to Pacific Ethanol …” on September 26, 2016, also published article titled: “Pacific Ethanol’s second-quarter profit rises as sales almost double”, published: “Feds approve high-value fuel from Pacific Ethanol’s Stockton plant” on September 13, 2016. More interesting news about Pacific Ethanol Inc (NASDAQ:PEIX) was released by: and their article: “Pacific Ethanol to Participate in the 18th Annual Rodman & Renshaw Global …” with publication date: August 30, 2016.

PEIX Company Profile

Pacific Ethanol, Inc., incorporated on February 28, 2005, is a producer and marketer of low-carbon renewable fuels in the United States. The Company’s divisions include a production segment and a marketing segment. The Firm owns and operates over eight ethanol production facilities. Approximately four of its plants are in the Western states of California, Oregon and Idaho, or the Pacific Ethanol West plants, and over four of its plants are located in the Midwestern states of Illinois and Nebraska, or the Pacific Ethanol Central plants. The Company’s plants have a combined ethanol production capacity of over 515 million gallons per year.

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