Media stories about PG&E (NYSE:PCG) have trended negative on Saturday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public 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 -2.83 on their scale. InfoTrie also gave press coverage about the utilities provider an news buzz score of 0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news articles that may have impacted PG&E’s ranking:
- Tobacco use in PG-13 movies is up – WILX-TV (wilx.com)
- California Governor to convene meet of PG&E shareholders, executives next week (feeds.reuters.com)
- California Governor Threatens State Takeover of PG&E (wsj.com)
- Gov. Gavin Newsom hints at government control of PG&E if bankruptcy effort fizzles (latimes.com)
- Governor threatens possible PG&E takeover if no plan is made (marketbeat.com)
Several research firms have recently weighed in on PCG. ValuEngine raised shares of PG&E from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Evercore ISI set a $25.00 price target on shares of PG&E and gave the stock a “hold” rating in a report on Monday, August 12th. Barclays decreased their price target on shares of PG&E from $14.00 to $10.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 1st. Citigroup cut shares of PG&E from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $12.00 to $5.00 in a report on Friday, October 11th. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of PG&E in a report on Monday, October 28th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company’s stock. PG&E has a consensus rating of “Hold” and a consensus price target of $16.70.
Shares of NYSE:PCG opened at $6.43 on Friday. PG&E has a 52-week low of $3.55 and a 52-week high of $49.42. The firm has a fifty day moving average of $9.07 and a 200 day moving average of $15.94. The firm has a market capitalization of $2.66 billion, a PE ratio of 1.61, a price-to-earnings-growth ratio of 0.57 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.92 and a current ratio of 2.03.
PG&E (NYSE:PCG) last announced its earnings results on Friday, August 9th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.11. PG&E had a negative net margin of 53.07% and a positive return on equity of 15.16%. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the business earned $1.16 earnings per share. On average, sell-side analysts forecast that PG&E will post 3.91 EPS for the current fiscal year.
PG&E Company Profile
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.
Read More: Net Income
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