Why Sempra Energy (NYSE:SRE) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $119.25 on Sempra Energy (NYSE:SRE) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.79 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Sempra Energy (NYSE:SRE) stands at 27.76.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Sempra Energy Common Stock, the PEG ratio for coming 3-5 years is 3.21.

Technical Analysis

The technical analysis highlights that Sempra Energy Common Stock current is trading $-3.31 points away or -3.06% from its 50-day moving average of $108.42. Further it is trading $-0.76 or -0.72% away its 200-day moving average of $105.87.

The 52-week high of Sempra Energy (NYSE:SRE) was $114.66 while lowest point recorded in 52-week was $86.72. It implies if stock price makes a movement of over $-9.55, it will record a new 52-week high. In the case of +21.21% drop, it will touch a new 52-week low.

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