Sempra (NYSE:SRE) saw an upside of 0.03% to $71.13 after adding $0.02 on Tuesday. The 5-day average trading volume is 2,077,819 shares of the company’s common stock. It has gained $72.03 in the past week and touched a new high 2 times within the past 5 days. An average of 2,212,525 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,150,914.
SRE’s 1-month performance is -5.94% or -$4.40 on its low of $69.88 reached on 08/16/23. The company’s shares have touched a 52-week low of $68.27 and high of $88.24, with the stock’s rally to the 52-week high happening on 01/17/23. YTD, SRE has lost -7.95% or -$6.13 and has reached a new high 6 times. However, the current price is down -19.39% from the 52-week high price.
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Insider Transactions
SRE stock investors last saw insider trading activity on Mar 15.Martin Jeffrey W (Chairman, CEO and President) most recently sold 19,260 shares at $146.09 per share on Mar 15. This transaction cost the insider $2,813,736. Executive VP and CFO, MIHALIK TREVOR I, sold 2,306 shares at a price of $148.50 on Mar 01. Then, on Feb 28, Chairman, CEO and President Martin Jeffrey W sold 10,413 shares at a price of $150.99 per share. This transaction amounted to $1,572,276.
Valuation Metrics
SRE stock has a beta of 0.75. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.64 while the price-to-book (PB) in the most recent quarter is 0.83.
Sempra’s quick ratio for the period ended June 30 was 0.50, with the current ratio over the same period at 0.60. As well, the company’s long term debt to equity for the quarter ending June 30 was 1.02, while the total debt to equity was 1.15. The trailing 12-month EBITDA margin is 35.65% while for the period ending June 30, Sempra’s operating margin was 19.20%. The firm’s gross profit as reported stood at $2.3 billion against revenue of $14.44 billion.
Earnings Surprise
For the quarterly period ending June 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 7.3% to $603.0 million, while revenue of $969.0 million was -60.7% off the previous quarter. Analysts expected SRE to announce $1.75 per share in earnings in its latest quarter, but it posted $1.88, representing a 7.40% surprise. EBITDA for the quarter stood at more than $1.34 billion. SRE stock balance sheet for the quarter ending June 30 shows that total liabilities totaled 51.71 billion, with total debt at $31.25 billion. Shareholders hold equity totaling $314.65 million.
Let’s look briefly at Sempra (SRE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 42.90% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.18%.
The stock’s 5-day moving average is $70.89, reflecting a +1.60% or $1.12 change from its current price. SRE is currently trading -6.03% above its 20-day SMA, -4.16% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -3.67% and SMA200 by-5.49%.
Stochastic %K and %D was 24.61% and 20.68% and the average true range (ATR) pointed at 1.19. The RSI (14) points at 42.47%, while the 14-day stochastic is at 29.07% with the period’s ATR at 1.22. The stock’s 9-day MACD Oscillator is pointing at -0.06 and -0.21 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Sempra (NYSE: SRE), Goldman launched coverage with a Buy rating. Analysts offering their rating for SRE stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SRE as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 9 have offered a “buy” rating.
What is SRE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $42.75 and a high of $96.00, with their median price target at $83.00. Looking at these predictions, the average price target given by analysts is for Sempra (SRE) stock is $81.83.
