Stock News Summary: Sempra Energy (NYSE: SRE)

Sempra Energy (NYSE: SRE) changed 0.49% to recent value of $115.03. The stock transacted 1129019 shares during most recent day however it has an average volume of 1762.96K shares. It spotted trading -9.58% off 52-week high price. On the other end, the stock has been noted 14.47% away from the low price over the last 52-weeks.

Sempra Energy (NYSE: SRE) announced that Cynthia L. Walker and Michael N. Mears have been appointed to the company’s board of directors.

Walker is senior vice president of marketing and midstream operations and development for Occidental Petroleum, where she also formerly served as executive vice president and chief financial officer. Mears currently is chairman, president and CEO of Magellan Midstream Partners LP.

The appointments of Walker and Mears were mutually agreed upon by Sempra Energy’s board and Elliott Management Corporation as part of the cooperation agreement announced last month. Walker and Mears will serve on the board’s LNG and Business Development Committee, which, together with the board, will lead an expanded review of Sempra Energy’s businesses. Along with Walker and Mears, three current independent board directors – William C. Rusnack, James C. Yardley and Alan L. Boeckmann – will serve on the committee, with Boeckmann as chair.

“Our strategic vision is to become North America’s premier energy infrastructure company,” said Jeffrey W. Martin, CEO of Sempra Energy. “With their considerable management experience in the energy industry, especially in the midstream sector, Cynthia Walker and Mike Mears will add critical depth and experience to our board as we continue to expand our energy infrastructure businesses. In addition, their experience evaluating and advising on significant transactions will inform their important work on the LNG and Business Development Committee as part of our expanded business review.”

SRE has a gross margin of 99.30% and an operating margin of 4.90% while its profit margin remained -5.90% for the last 12 months. Its earnings per share (EPS) expected to touch remained -18.20% for this year while earning per share for the next 5-years is expected to reach at 8.89%.

The company has 270.38M of outstanding shares and 270.38M shares were floated in the market. According to the most recent quarter its current ratio was 0.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of 0.00% from the mean of 20 days, -0.63% from mean of 50 days SMA and performed 3.47% from mean of 200 days price. Company’s performance for the week was -1.01%, -3.07% for month and YTD performance remained 7.59%.

About the Author

Kyle Webster
Kyle Webster
Kyle Webster is a self taught investor and follows the value investing approach to picking stocks. He possesses over 10 years of investment experience, an M.B.A. from Louisiana State University, and is also certified in Risk Management Assurance. Kyle is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Research News category for our site. He can be reached via Email Contact -  kyle@mostvolatilestocks.com.

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