PG&E Corporation (PCG) shares are trading at lower $12.69 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $13.96.
To add more color to this target, the company’s high over the last year is $18.34 and the low is $6.25. Over the last 52 weeks, PCG is up 61.45% while the S&P 500 is up 17.45%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, PCG reported a profit of $398.0 million. PG&E Corporation also saw revenues increase to $4.88 billion. In addition, PCG has free cash flow of -$24.69 billion as of 09-2020. The company’s EBITDA came in at $1.24 billion which compares well with its peers.
PCG booked profit margins of -27.80%, its Return on Equity (ROE) is -58.70%, and its Return on Assets is -5.50%. All told, it is clear that, PCG needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. PCG has a short ratio of 3.11 and outstanding shares of 1.97B.
PCG has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 23.63 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -9.97. PG&E Corporation PCG also noted assets of $93.69 billion at the end of the last quarter. Investors should also keep an eye on sector updates as PCG has historically followed its peers on positive news.
All told, PG&E Corporation PCG has strung together solid data and demonstrated underlying fundamentals. At its current valuation, PCG represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
PG&E Corporation PCG is now commanding a market cap of 25.01B and a float of 1.47B. PCG is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of PCG stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in PCG, either long or short, and we have not been compensated for this article.