Cheniere Energy Inc. [LNG] stock is trading at $158.06, up 0.65%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The LNG shares have lost -0.15% over the last week, with a monthly amount glided 1.04%, and seem to be holding up well over a long-time horizon.
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On 5, April 2024, Cheniere Announces Timing of First Quarter 2024 Earnings Release and Conference Call. In a post published today on Yahoo Finance, Cheniere Energy, Inc. (“Cheniere”) (NYSE: LNG) announced today that it plans to issue its earnings release with respect to first quarter 2024 financial results on Friday, May 3, 2024 before the market opens. Cheniere will host a conference call for investors and analysts at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) that day to discuss first quarter results.
From an analyst’s perspective:
Cheniere Energy Inc. [NYSE: LNG] stock has seen the most recent analyst activity on February 27, 2024, when TD Cowen reiterated its Outperform rating and also revised its price target to $178 from $185. On September 06, 2023, CapitalOne initiated with a Overweight rating and assigned a price target of $200 on the stock. Scotiabank started tracking the stock assigning a Sector Outperform rating. Citigroup initiated its recommendation with a Buy and recommended $205 as its price target on December 09, 2022. Jefferies started tracking with a Buy rating for this stock on October 19, 2022, and assigned it a price target of $210. In a note dated November 18, 2021, Mizuho initiated an Buy rating and provided a target price of $122 on this stock.
Cheniere Energy Inc. [LNG] stock has fluctuated between $135.30 and $183.46 over the past year. Currently, Wall Street analysts expect the stock to reach $163.33 within the next 12 months. Cheniere Energy Inc. [NYSE: LNG] shares were valued at $158.06 at the most recent close of the market. An investor can expect a potential return of 3.33% based on the average LNG price forecast.
Analyzing the LNG fundamentals
Cheniere Energy Inc. [NYSE:LNG] reported sales of 20.24B for the trailing twelve months, which represents a drop of -47.77%. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at 0.76%, Pretax Profit Margin comes in at 0.71%, and Net Profit Margin reading is 0.48%. To continue investigating profitability, this company’s Return on Assets is posted at 0.23, Equity is 2.83 and Total Capital is 0.4. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.29.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 156.17 points at the first support level, and at 154.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 159.29, and for the 2nd resistance point, it is at 160.52.
Cheniere Energy Inc. [LNG] reported earnings per share of $5.85 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.75/share, meaning a difference of $3.1 and a surprise factor of 112.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $7.03 per share as compared to estimates of $2.53 per share, a difference of $4.5 representing a surprise of 177.90%.
Ratios To Look Out For
For context, Cheniere Energy Inc.’s Current Ratio is 1.63. Further, the Quick Ratio stands at 1.51, while the Cash Ratio is 1.05. Considering the valuation of this stock, the price to sales ratio is 1.83, the price to book ratio is 7.43 and price to earnings (TTM) ratio is 3.90.
