Roth Capital Thinks Pacific Ethanol’s Stock is Going to Recover

By Austin Angelo

Roth Capital analyst Craig Irwin reiterated a Buy rating on Pacific Ethanol (NASDAQ: PEIX) today and set a price target of $8. The company’s shares opened today at $6.20, close to its 52-week high of $10.95.

According to TipRanks.com, Irwin is a 4-star analyst with an average return of 5.3% and a 46.7% success rate. Irwin covers the Consumer Goods sector, focusing on stocks such as Renewable Energy Group, Maxwell Technologies, and Darling Ingredients.

Pacific Ethanol has an analyst consensus of Strong Buy, with a price target consensus of $11.67.

The company has a one year high of $10.95 and a one year low of $5.63. Currently, Pacific Ethanol has an average volume of 649.5K.

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Pacific Ethanol, Inc. produces and markets carbon renewable fuels in the Western United States. It operates through the Ethanol Production and Marketing and Distribution segments. The Ethanol Production segment includes the production and sale of ethanol and co-products.