Reviewing The Case For Cheniere Energy Inc. (LNG) Going Higher

Currently, there are 237.90M common shares owned by the public and among those 231.28M shares have been available to trade.

Insiders at the company have transacted a total of 13 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 7 of these insider trades were purchases, accounting for 13,697 shares. Insider sales of the common stock occurred on 6 occasions, with total insider shares sold totaling 13,644 shares.

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However, the script later moved the day high at 157.55, up 0.63%. The company’s stock has a 5-day price change of -0.98% and -13.44% over the past three months. LNG shares are trading -8.51% year to date (YTD), with the 12-month market performance down to -2.87% lower. It has a 12-month low price of $135.30 and touched a high of $183.46 over the same period. LNG has an average intraday trading volume of 1.80 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.48%, -4.69%, and -3.70% respectively.

Institutional ownership of Cheniere Energy Inc. (NYSE: LNG) shares accounts for 87.81% of the company’s 237.90M shares outstanding.

It has a market capitalization of $36.65B and a beta (3y monthly) value of 0.94. The stock’s trailing 12-month PE ratio is 3.86, while the earnings-per-share (ttm) stands at $40.51. The company has a PEG of 0.11 and a Quick Ratio of 1.51 with the debt-to-equity ratio at 5.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.13% over the week and 1.87% over the month.

Analysts forecast that Cheniere Energy Inc. (LNG) will achieve an EPS of $2.26 for the current quarter, $1.85 for the next quarter and $9.6 for 2025. The lowest estimate earnings-per-share for the quarter is $1.88 while analysts give the company a high EPS estimate of $2.45. Comparatively, EPS for the current quarter was $22.1 a year ago. Earnings per share for the fiscal year are expected to decrease by -77.83%, and 17.69% over the next financial year. EPS should shrink at an annualized rate of 35.40% over the next five years, compared to 84.62% over the past 5-year period.

Looking at the support for the LNG, a number of firms have released research notes about the stock. TD Cowen stated their Outperform rating for the stock in a research note on February 27, 2024, with the firm’s price target at $185-$178. Goldman coverage for the Cheniere Energy Inc. (LNG) stock in a research note released on October 06, 2023 offered a Buy rating with a price target of $205. Citigroup on their part issued Buy rating on December 09, 2022.

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