Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
Jun 16, 2020
PG&E (PCG, $11.13) will issue upto $6 billion bonds

PG&E (PCG, $11.13) will issue upto $6 billion bonds

PG&E  will issue as much as $6 billion of investment-grade bonds.

According to Bloomberg (citing a source), the utilities company’s first-mortgage bonds will be offered in up to six tranches. The largest slice will be from 30-year bonds, which may yield 2.625 percentage points above treasury securities, according to the source.

The bond offerings would go an $11 billion financing package to help the company emerge from bankruptcy proceedings.

On Monday, PG&E started marketing high-yield bonds and a term loan, which total $4.75 billion, according to Bloomberg.

PCG in Downtrend: its price expected to drop as it breaks its higher Bollinger Band on May 18, 2020

This price move signals that PCG may fall back below the higher band and head toward the middle band. Traders may consider selling the ticker, shorting the ticker, or exploring put options. In 25 of 39 cases where PCG's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 64%.

Current price $11.13 crossed the resistance line at $11.24 and is trading between $11.24 resistance and $10.88 resistance lines. Throughout the month of 05/13/20 - 06/15/20, the price experienced a -1% Downtrend. During the week of 06/08/20 - 06/15/20, the stock fell -13%.

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on June 11, 2020. Traders may consider selling the ticker, shorting the ticker, or exploring put options. In 50 of 96 cases where PCG's Momentum Indicator fell below the 0 level, its price fell further within the subsequent month. The odds of a continued Downtrend are 52%.

The Moving Average Convergence Divergence (MACD) crossed below the signal line. In 19 of 50 cases where PCG's MACD histogram became negative, the price fell further within the following month. The odds of a continued Downtrend are 38%.

The price moved below its 50-day Moving Average, which indicates a reversal from an Uptrend to a Downtrend. In 16 of 35 cases where PCG's price crossed below its 50-day Moving Average, its price fell further within the subsequent month. The odds of a continued Downtrend are 46%.

Bullish Trend Analysis

The Stochastic Indicator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The 50-day Moving Average crossing above its 200-day Moving Average indicates a buy signal, due to the trend repositioning higher. In 2 of 3 cases where PCG's 50-day Moving Average crossed above its 200-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 67%.

The Aroon Indicator entered an Uptrend today. In 101 of 226 similar cases where PCG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 45%.

Fundamental Analysis (Ratings)

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 61%. During the last month, the daily ratio of advancing to declining volumes was 1.16 to 1.

The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PCG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 65, placing this stock worse than average.

The Tickeron SMR rating for this company is 99 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of 80 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.06) is normal, around the industry mean (1.95). P/E Ratio (0.00) is within average values for comparable stocks, (26.85). Projected Growth (PEG Ratio) (0.00) is also within normal values, averaging (4.46). PCG has a moderately low Dividend Yield (0.00) as compared to the industry average of (3.02). PCG's P/S Ratio (0.33) is slightly lower than the industry average of (1.98).

The Tickeron Price Growth Rating for this company is 60 (best 1 - 100 worst), indicating fairly steady price growth. PCG’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron PE Growth Rating for this company is 2 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

 

 

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