Noteworthy Price Action: Is Buying Pacific Ethanol Inc Here a Winning Strategy?

Noteworthy Price Action: Is Buying Pacific Ethanol Inc Here a Winning Strategy?

The stock of Pacific Ethanol Inc (NASDAQ:PEIX) is a huge mover today! The stock increased 7.10% or $0.55 on November 23, hitting $8.3. About 969,912 shares traded hands or 73.03% up from the average. Pacific Ethanol Inc (NASDAQ:PEIX) has risen 69.04% since April 22, 2016 and is uptrending. It has outperformed by 63.63% the S&P500.
The move comes after 9 months positive chart setup for the $363.03 million company. It was reported on Nov, 24 by Barchart.com. We have $8.80 PT which if reached, will make NASDAQ:PEIX worth $21.78 million more.

Analysts await Pacific Ethanol Inc (NASDAQ:PEIX) to report earnings on March, 8. They expect $0.16 EPS, up 700.00% or $0.14 from last year’s $0.02 per share. PEIX’s profit will be $7.00 million for 12.97 P/E if the $0.16 EPS becomes a reality. After $-0.09 actual EPS reported by Pacific Ethanol Inc for the previous quarter, Wall Street now forecasts -277.78% 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. The stock of Pacific Ethanol Inc (NASDAQ:PEIX) has “Buy” rating given on Monday, March 14 by Roth Capital. Rodman & Reshaw initiated the shares of PEIX in a report on Tuesday, May 24 with “Buy” rating.

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 1.68 in Q2 2016. Its up 0.90, from 0.78 in 2016Q1. The ratio is positive, 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.
Hightower Advsrs reported 2.08 million shares or 0.14% of all its holdings. The Massachusetts-based Boston Ptnrs has invested 0.02% in Pacific Ethanol Inc (NASDAQ:PEIX). Ladenburg Thalmann Fincl Svcs has invested 0% of its portfolio in Pacific Ethanol Inc (NASDAQ:PEIX). Tiaa Cref Invest Mngmt Lc has invested 0% of its portfolio in Pacific Ethanol Inc (NASDAQ:PEIX). Diam reported 106,700 shares or 0.01% of all its holdings. Quantitative Inv Management Limited Liability Company, a Virginia-based fund reported 19,800 shares. First Advsr Lp accumulated 38,593 shares or 0% of the stock. Pnc Services Group accumulated 204 shares or 0% of the stock. Washington Tru National Bank has 0% invested in the company for 1 shares. Rhumbline Advisers has 0% invested in the company for 35,095 shares. Morgan Stanley holds 0% of its portfolio in Pacific Ethanol Inc (NASDAQ:PEIX) for 24,447 shares. California State Teachers Retirement has 0% invested in the company for 60,157 shares. Bnp Paribas Arbitrage last reported 0% of its portfolio in the stock. Blackrock Incorporated last reported 0% of its portfolio in the stock. Blackrock Institutional Na reported 632,522 shares or 0% of all its holdings.

Insider Transactions: Since June 9, 2016, the stock had 0 insider purchases, and 3 selling transactions for $404,127 net activity. $100,305 worth of Pacific Ethanol Inc (NASDAQ:PEIX) shares were sold by Jones William L. Prince John L sold 17,745 shares worth $117,827. Shares for $185,995 were sold by Wright Christopher W on Thursday, June 9.

More news for Pacific Ethanol Inc (NASDAQ:PEIX) were recently published by: Bizjournals.com, which released: “Pacific Ethanol’s second-quarter profit rises as sales almost double” on July 27, 2016. Bizjournals.com‘s article titled: “Feds approve high-value fuel from Pacific Ethanol’s Stockton plant” and published on September 13, 2016 is yet another important article.

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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