Cheniere Energy Inc. (NYSE: LNG)’s stock price has increased by 4.27 compared to its previous closing price of 155.09. However, the company has seen a 2.76% increase in its stock price over the last five trading sessions. zacks.com reported 2024-06-18 that Cheniere Energy (LNG), with its significant liquefaction capacity and strategic investments, is well-positioned to capitalize on the growing demand for liquefied natural gas.
Is It Worth Investing in Cheniere Energy Inc. (NYSE: LNG) Right Now?
Cheniere Energy Inc. (NYSE: LNG) has a price-to-earnings ratio that is above its average at 7.87x. The stock has a 36-month beta value of 0.95. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 6 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for LNG is 226.06M, and at present, short sellers hold a 1.39% of that float. On June 18, 2024, the average trading volume of LNG was 1.73M shares.
LNG’s Market Performance
The stock of Cheniere Energy Inc. (LNG) has seen a 2.76% increase in the past week, with a 0.97% rise in the past month, and a 0.09% gain in the past quarter. The volatility ratio for the week is 1.55%, and the volatility levels for the past 30 days are at 1.75% for LNG. The simple moving average for the past 20 days is 2.30% for LNG’s stock, with a -1.24% simple moving average for the past 200 days.
Analysts’ Opinion of LNG
Many brokerage firms have already submitted their reports for LNG stocks, with TD Cowen repeating the rating for LNG by listing it as a “Buy.” The predicted price for LNG in the upcoming period, according to TD Cowen is $185 based on the research report published on June 17, 2024 of the current year 2024.
Redburn Atlantic, on the other hand, stated in their research note that they expect to see LNG reach a price target of $162. The rating they have provided for LNG stocks is “Neutral” according to the report published on April 16th, 2024.
TD Cowen gave a rating of “Outperform” to LNG, setting the target price at $178 in the report published on February 27th of the current year.
LNG Trading at 2.38% from the 50-Day Moving Average
After a stumble in the market that brought LNG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.85% of loss for the given period.
Volatility was left at 1.75%, however, over the last 30 days, the volatility rate increased by 1.55%, as shares surge +1.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.17% upper at present.
During the last 5 trading sessions, LNG rose by +2.59%, which changed the moving average for the period of 200-days by -1.08% in comparison to the 20-day moving average, which settled at $158.16. In addition, Cheniere Energy Inc. saw -5.27% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for LNG
Current profitability levels for the company are sitting at:
- 0.5 for the present operating margin
- 0.53 for the gross margin
The net margin for Cheniere Energy Inc. stands at 0.29. The total capital return value is set at 0.24. Equity return is now at value 160.89, with 11.90 for asset returns.
Based on Cheniere Energy Inc. (LNG), the company’s capital structure generated 0.87 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 6.69. The interest coverage ratio of the stock is 7.79.
Currently, EBITDA for the company is 16.9 billion with net debt to EBITDA at 2.38. When we switch over and look at the enterprise to sales, we see a ratio of 3.53. The receivables turnover for the company is 25.68for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.98.
Conclusion
To sum up, Cheniere Energy Inc. (LNG) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
