Cheniere Energy Inc. (NYSE:LNG) traded at $157.82 at close of the session on Tuesday, April 30, made a downward move of -2.40% on its previous day’s price.
Looking at the stock we see that its previous close was $161.70 . The company has a trailing 12-month PE ratio of 3.90. In terms of its 52-week price range, LNG has a high of $183.46 and a low of $135.30. The company’s stock has lost about -0.95% over that past 30 days.
Cheniere Energy Inc. has a market cap of $36.40 billion. With its Forward Dividend at 1.66 and a yield of 1.05%, the company’s investors could be anxious for the LNG stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $2.24, with the EPS growth for the year raised at $8.54 for 2024 and $9.71 for next year. These figures represent -79.00% and 13.70% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $3.94 billion, with a low of $3.27 billion and a high of $4.7 billion. The median projection represents growth adding up to -46.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $16.27 billion, or -20.20% down from figures reported last year.
On the other hand, looking at the outlook for the LNG stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -0.14% off its SMA20 and -0.10% from its 50-day simple moving average. The RSI (14) is pointing at 48.16 while the volatility over the past week is 1.80% and jumps to 1.91% over the past one month. The beta value is 0.95, while the average true range (ATR) is currently pointing at 2.92.
Coming back to Cheniere Energy Inc. (NYSE:LNG), we note that the average 3-month trading volume was 1.99 million. Current shares outstanding are 237.90 million.
The insiders hold 1.48% of the company’s shares while institutions hold 89.08%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -7.55% down in year-to-date price movement.
