Pacific Ethanol (PEIX) Receives a Rating Update from a Top Analyst


H.C. Wainwright analyst Amit Dayal reiterated a Buy rating on Pacific Ethanol (PEIX) yesterday and set a price target of $16.00. The company’s shares closed last Tuesday at $6.08.

According to TipRanks.com, Dayal is a top 100 analyst with an average return of 43.0% and a 54.0% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Westport Fuel Systems, and Orion Energy Systems.

Pacific Ethanol has an analyst consensus of Moderate Buy, with a price target consensus of $14.50.

See today’s analyst top recommended stocks >>

Based on Pacific Ethanol’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $205 million and net profit of $15.22 million. In comparison, last year the company earned revenue of $365 million and had a GAAP net loss of $27.33 million.

Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PEIX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Pacific Ethanol, Inc. engages in the production and marketing of carbon renewable fuel. It operates through the Ethanol Production, and Marketing and Distribution business segments. The Ethanol Production segment includes the production and sale of ethanol and co-products. The Marketing and Distribution segment comprises of the marketing and merchant trading of company-produced ethanol; and co-products and third-party ethanol. The company was founded by William L. Jones and Neil M. Koehler on January 30, 2003 and is headquartered in Sacramento, CA.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts