The market has been high on Sempra Energy (SRE) stock recently. SRE gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Sempra Energy has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SRE!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With SRE Stock Today?
Sempra Energy (SRE) stock is up 1.45% while the S&P 500 has fallen -0.14% as of 12:55 PM on Friday, Jan 7. SRE has risen $1.98 from the previous closing price of $136.20 on volume of 527,681 shares. Over the past year the S&P 500 is higher by 25.11% while SRE has risen 11.61%. SRE earned $3.60 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 38.44.
To see InvestorsObserver's Sentiment Score for Sempra Energy click here.
More About Sempra Energy
Sempra Energy serves one of the largest utility customer bases in the United States. It distributes natural gas and electricity in Southern California and owns 80% of Oncor, a transmission and distribution business in Texas. SoCalGas and San Diego Gas & Electric distribute gas to more than 20 million customers, while Oncor serves more than 10 million Texas customers. The firm's other affiliates own and operate liquefied natural gas facilities in North America and infrastructure in Mexico.
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