Sempra Energy's Cameron LNG Delay Isn't Getting in the Way of Earnings
If I were to tell you that Sempra Energy (NYSE: SRE) announced it expects its Cameron LNG facility to be delayed by up to a year, I guess you would think that the company's stock would drop. The company did just that in its most recent earnings report, but its stock increased.
How was this possible? Let's take a look at Sempra's most recent earnings results and see what the company did to make investors overlook this major project delay.
Image source: Getty Images.
Source: Fool.com
Sempra Energy Stock
€70.18
-1.040%
With 13 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 76 € there is a slightly positive potential of 8.29% for Sempra Energy compared to the current price of 70.18 €.
