Pacific Ethanol (PEIX) Rating Lowered to Neutral at Roth Capital

Roth Capital lowered shares of Pacific Ethanol (NASDAQ:PEIX) from a buy rating to a neutral rating in a research note published on Thursday, The Fly reports.

A number of other brokerages also recently issued reports on PEIX. ValuEngine downgraded Pacific Ethanol from a hold rating to a sell rating in a research report on Thursday, December 27th. Zacks Investment Research downgraded Pacific Ethanol from a hold rating to a sell rating in a research report on Tuesday, January 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $5.33.

PEIX stock traded up $0.01 during midday trading on Thursday, reaching $1.13. The stock had a trading volume of 4,501 shares, compared to its average volume of 400,099. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.39 and a current ratio of 1.94. The firm has a market capitalization of $51.66 million, a P/E ratio of -0.79 and a beta of 2.35. Pacific Ethanol has a 52-week low of $0.76 and a 52-week high of $3.95.



Pacific Ethanol (NASDAQ:PEIX) last issued its earnings results on Tuesday, March 12th. The oil and gas company reported ($0.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.41). Pacific Ethanol had a negative return on equity of 16.73% and a negative net margin of 4.00%. The company had revenue of $334.42 million during the quarter, compared to analyst estimates of $386.56 million. On average, equities analysts forecast that Pacific Ethanol will post -0.1 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position 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 valued at $6,445,000 after acquiring an additional 47,444 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Pacific Ethanol by 36.8% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 927,129 shares of the oil and gas company’s stock worth $1,762,000 after purchasing an additional 249,300 shares during the last quarter. Systematic Financial Management LP purchased a new stake in Pacific Ethanol during the third quarter worth approximately $1,204,000. Renaissance Technologies LLC lifted its stake in Pacific Ethanol by 160.1% during the third quarter. Renaissance Technologies LLC now owns 475,000 shares of the oil and gas company’s stock worth $903,000 after purchasing an additional 292,400 shares during the last quarter. Finally, Advisor Group Inc. lifted its stake in Pacific Ethanol by 4.2% during the fourth quarter. Advisor Group Inc. now owns 406,355 shares of the oil and gas company’s stock worth $350,000 after purchasing an additional 16,197 shares during the last quarter. 52.18% of the stock is owned by institutional investors.

About Pacific Ethanol

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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