Pacific Ethanol (PEIX) : 4 analysts are covering Pacific Ethanol (PEIX) and their average rating on the stock is 1, which is read as a Strong Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels.
Pacific Ethanol (PEIX) stock is expected to deviate a maximum of $1.7 from the average target price of $9.63 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $11 and the most muted being $8.
Pacific Ethanol (NASDAQ:PEIX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.61 and $5.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.78, notching a gain of 2.85% for the day. The total traded volume was 630,476 . The stock had closed at $5.62 on the previous day.
Also, Rodman & Reshaw initiates coverage on Pacific Ethanol (NASDAQ:PEIX). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $11 per share. The rating by the firm was issued on May 24, 2016. The company shares have dropped -39.50% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $9.91 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $5.52 and the 200 Day Moving Average price is recorded at $4.49.
Pacific Ethanol, Inc. is a producer and marketer of low-carbon renewable fuels in the Western United States. The Company also sells ethanol co-products, including wet distillers grain (WDG), a nutritious animal feed, and corn oil. Serving integrated oil companies and gasoline marketers who blend ethanol into gasoline, the Company provides transportation, storage and delivery of ethanol through third-party service providers. The Company holds a 96% ownership interest in PE Op Co., the owner of four ethanol production facilities. The Company sells ethanol produced by the four production facilities and unrelated third parties to gasoline refining and distribution companies, sells its WDG to dairy operators and animal feed distributors, and sells its corn oil to poultry and biodiesel customers. The Company markets all the ethanol it sells through its subsidiary, Kinergy Marketing, LLC.