Favorable Press Coverage Somewhat Unlikely to Affect Pacific Ethanol (PEIX) Stock Price
News stories about Pacific Ethanol (NASDAQ:PEIX) have been trending positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pacific Ethanol earned a coverage optimism score of 0.42 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 47.3099216232954 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Pacific Ethanol paints upbeat H2 view despite widening Q2 loss (seekingalpha.com)
- Pacific Ethanol stock falls after loss grows (finance.yahoo.com)
- Pacific Ethanol’s (PEIX) CEO Neil Koehler on Q2 2018 Results – Earnings Call Transcript (seekingalpha.com)
- Pacific Ethanol: 2Q Earnings Snapshot (finance.yahoo.com)
- Pacific Ethanol (PEIX) Reports Q2 Loss, Misses Revenue Estimates (finance.yahoo.com)
A number of research analysts have commented on the stock. ValuEngine upgraded shares of Pacific Ethanol from a “strong sell” rating to a “sell” rating in a research note on Wednesday, April 18th. HC Wainwright set a $14.00 target price on shares of Pacific Ethanol and gave the company a “buy” rating in a report on Thursday, May 10th. Finally, Zacks Investment Research raised shares of Pacific Ethanol from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 8th.
Pacific Ethanol (NASDAQ:PEIX) last released its quarterly earnings data on Wednesday, August 8th. The oil and gas company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.12). Pacific Ethanol had a negative return on equity of 8.97% and a negative net margin of 2.09%. The company had revenue of $410.52 million for the quarter, compared to analysts’ expectations of $434.65 million. sell-side analysts forecast that Pacific Ethanol will post -0.25 earnings per share for the current fiscal year.
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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