Pacific Ethanol (PEIX) has been under a strong bear grip, hence the stock is down -0.08% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.51% in the past 1 week. The 4-week change in the price of the stock is -0.29% and the stock has fallen -0.15% in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.4% and the fifty day Moving Average is 11.42%. Pacific Ethanol, Inc. is up 12.19% in the last three month period. Year-to-Date the stock performance stands at 42.47%.
Pacific Ethanol (PEIX) : The highest level Pacific Ethanol (PEIX) is projected to reach is $11 for the short term and the lowest estimate is at $9. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $10 and the possibility the share price can swing is $1.15.
Pacific Ethanol (NASDAQ:PEIX): stock turned positive on Friday. Though the stock opened at $6.76, the bulls momentum made the stock top out at $6.955 level for the day. The stock recorded a low of $6.67 and closed the trading day at $6.81, in the green by 1.49%. The total traded volume for the day was 758,521. The stock had closed at $6.71 in the previous days trading.
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.