Pacific Ethanol (PEIX) has risen sharply, recording gains of 15.64% in the past 4 weeks. However, the stock has corrected -3.66% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 12.84% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Pacific Ethanol (NASDAQ:PEIX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.53 and $6.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.58, notching a gain of 1.39% for the day. The total traded volume was 626,148 . The stock had closed at $6.49 on the previous day.
The stock has recorded a 20-day Moving Average of 6.61% and the 50-Day Moving Average is 11.52%. Pacific Ethanol, Inc. is up 41.81% in the last 3-month period. Year-to-Date the stock performance stands at 37.66%.
Pacific Ethanol (PEIX) : Average target price received by Pacific Ethanol (PEIX) is $10 with an expected standard deviation of $1.15. The most aggressive target on the stock is $11, whereas the most downbeat target is $9. 4 financial analysts are currently covering the stock.
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.