- Sempra's Port Arthur LNG Phase 2 project receives a significant boost with a new DOE permit.
- Analysts suggest a modest upside potential for Sempra (SRE, Financial) with current price targets.
- GuruFocus estimates indicate a slight overvaluation of Sempra based on its GF Value.
Sempra (SRE) has achieved a critical milestone for its Port Arthur LNG Phase 2 project in Texas by securing a permit from the U.S. Department of Energy. This approval authorizes the export of up to 13.5 million metric tons per year, potentially lifting the facility's total capacity to an impressive 26 million tons annually, contingent upon a final investment decision. This development marks a significant step forward in Sempra’s growth trajectory.
Wall Street Analysts Forecast
According to a consensus of 15 analysts, Sempra (SRE, Financial) has a projected average target price of $81.00 for the next year. Analysts' estimates range from a high of $89.00 to a low of $70.00. This average target indicates a potential upside of 3.91% from the current trading price of $77.95. For more detailed projections, investors can visit the Sempra (SRE) Forecast page.
Furthermore, based on insights from 19 brokerage firms, Sempra's (SRE, Financial) shares receive an average recommendation of 2.3, aligning with an "Outperform" status. This rating is derived from a scale where 1 represents a Strong Buy, and 5 signals a Sell.
GuruFocus Valuation Insights
Using GuruFocus' proprietary metrics, the estimated GF Value for Sempra (SRE, Financial) in the coming year stands at $77.71. This suggests a minor downside of 0.31% compared to its current price of $77.95. The GF Value is a reflection of what the stock should ideally be trading at, calculated based on historical trading multiples, past business growth, and future performance projections. For an in-depth analysis, explore the Sempra (SRE) Summary page.
