Cheniere Energy (LNG) has risen sharply, recording gains of 5.16% in the past 4 weeks. However, the stock has corrected -2.24% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.38% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 2.78% and the fifty day Moving Average is 10.33%. Cheniere Energy, Inc. is up 34.24% in the last three month period. Year-to-Date the stock performance stands at 18.09%.
Cheniere Energy (LNG) : The highest level Cheniere Energy (LNG) is projected to reach is $65 for the short term and the lowest estimate is at $38. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $52.8 and the possibility the share price can swing is $11.78.
Cheniere Energy (NYSEMKT:LNG): stock turned positive on Friday. Though the stock opened at $43.43, the bulls momentum made the stock top out at $44.413 level for the day. The stock recorded a low of $43.35 and closed the trading day at $43.99, in the green by 1.55%. The total traded volume for the day was 1,724,579. The stock had closed at $43.32 in the previous days trading.
Cheniere Energy, Inc. is an energy company engaged in Liquefied natural gas (LNG) businesses. The Company operates through two segments: LNG terminal business, and LNG and natural gas marketing business The Company owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners, L.P. (Cheniere Partners), which is a publicly traded limited partnership. The Company owns 100% of the general partner interest in Cheniere Partners and 80.1% of Cheniere Energy Partners LP Holdings, LLC (Cheniere Holdings), which is a publicly traded limited liability company that owns a 55.9% limited partner interest in Cheniere Partners. The Company is engaged in the development of two LNG terminal projects: the Sabine Pass LNG terminal in western Cameron Parish, Louisiana, and the Corpus Christi LNG terminal near Corpus Christi, Texas.