Media headlines about PG&E (NYSE:PCG) have trended very negative recently, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. PG&E earned a media sentiment score of -3.40 on their scale. InfoTrie also gave media stories about the utilities provider an news buzz score of 0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have impacted PG&E’s score:
- How To Avoid The Next PG&E (seekingalpha.com)
- Citigroup Downgrades PG&E (NYSE:PCG) to Sell (americanbankingnews.com)
- UBS Group Cuts PG&E (NYSE:PCG) Price Target to $10.00 (americanbankingnews.com)
- Bullying In PG County: Share Your Stories With Patch – Bowie, MD Patch (patch.com)
- PG&E gas employees wined and dined just before mass power outages – San Francisco Chronicle (sfchronicle.com)
PCG has been the subject of several research analyst reports. Zacks Investment Research raised shares of PG&E from a “sell” rating to a “hold” rating and set a $19.00 target price for the company in a report on Tuesday, July 23rd. UBS Group reduced their target price on shares of PG&E from $13.00 to $10.00 and set a “neutral” rating for the company in a report on Friday. Barclays reduced their target price on shares of PG&E from $14.00 to $10.00 and set an “equal weight” rating for the company in a report on Tuesday, October 1st. Citigroup downgraded shares of PG&E from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $12.00 to $5.00 in a report on Friday. Finally, Evercore ISI set a $25.00 target price on shares of PG&E and gave the stock a “hold” rating in a report on Monday, August 12th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $16.70.
PCG stock traded up $0.23 during trading on Friday, reaching $8.02. 39,507,505 shares of the company were exchanged, compared to its average volume of 14,036,705. The company has a 50-day moving average of $10.79 and a two-hundred day moving average of $17.26. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 2.01, a P/E/G ratio of 1.25 and a beta of 0.41. PG&E has a twelve month low of $5.07 and a twelve month high of $49.42. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.03 and a quick ratio of 1.92.
PG&E (NYSE:PCG) last released its quarterly earnings data on Friday, August 9th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.11. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.30 billion. PG&E had a negative net margin of 53.07% and a positive return on equity of 15.16%. During the same period in the prior year, the company earned $1.16 EPS. On average, analysts forecast that PG&E will post 3.88 EPS for the current year.
PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to residential, commercial, industrial, and agricultural customers in northern and central California, the United States. The company's electricity distribution network consists of approximately 107,000 circuit miles of distribution lines, 50 transmission switching substations, and 769 distribution substations; and electricity transmission network comprises approximately 18,000 circuit miles of interconnected transmission lines and 84 electric transmission substations.
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