News Recap: Best Buy Co., Inc.(NYSE:BBY), Pacific Ethanol Inc (NASDAQ:PEIX), Whiting Petroleum Corp (NYSE:WLL)

Lakeway, NY -- (SBWIRE) -- 03/22/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Best Buy Co., Inc.(NYSE:BBY) shares fell 2.64% to $22.46. The company will begin trading ex-dividend on March 19, 2013. A cash dividend payment of $0.17 per share is scheduled to be paid on April 11, 2013. Shareholders who purchased BBY stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that BBY has paid the same dividend.

Additionally, the company, on Mar. 1, fourth-quarter net loss narrowed to $409 million, or $1.21 a share, from a loss of $1.82 billion, or $5.17, a year earlier. Sales rose 0.2 percent to $16.7 billion, topping analysts’ average estimate of $16.3 billion and snapping a streak of two quarterly declines.

How Should Investors Trade BBY After The Recent Price movement? Find out Here

Pacific Ethanol Inc (NASDAQ:PEIX) shares decreased 3.38% to $0.380. The company announced it will release its fourth quarter and year-end 2012 financial results after the market closes on Monday, April 1, 2013. Management will host a conference call at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time on Tuesday, April 2, 2013. Neil Koehler, Chief Executive Officer, and Bryon McGregor, Chief Financial Officer, will deliver prepared remarks via webcast followed by a question and answer session.

Additionally, Chromatin, Inc., and Pacific Ethanol, Inc. on Feb. 19 announced they have entered into a multi-year agreement to produce, deliver and use locally grown sorghum in the production of ethanol. The agreement covers up to 30,000 acres of Chromatin sorghum to be grown over multiple years and supplied to Pacific Ethanol.

Is PEIX a Strong Buying Opportunity After The Recent Slump? Find out Here

Whiting Petroleum Corp (NYSE:WLL) shares fell 2.75% to $49.24. WLL’s stock was upgraded by analysts at Iberia Capital from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Mar. 6. The firm currently has a $58.00 price target on the stock, up from their previous price target of $47.00.

Additionally, the company posted its earnings results on Feb. 27. The company reported $0.83 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.74 by $0.09. The company had revenue of $577.10 million for the quarter, compared to the consensus estimate of $535.95 million.

How Should Investors Trade WLL After The Recent Price movement? Find out Here

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