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Cheniere Energy (LNG) Gains But Lags Market: What You Should Know

Cheniere Energy (LNG) closed at $153.96 in the latest trading session, marking a +0.77% move from the prior day. This change lagged the S&P 500's 1.05% gain on the day. Elsewhere, the Dow gained 0.02%, while the tech-heavy Nasdaq added 9.7%.

Coming into today, shares of the natural gas company had gained 8.72% in the past month. In that same time, the Oils-Energy sector gained 3.04%, while the S&P 500 gained 6.27%.

Investors will be hoping for strength from Cheniere Energy as it approaches its next earnings release, which is expected to be February 23, 2023. On that day, Cheniere Energy is projected to report earnings of $6.89 per share, which would represent year-over-year growth of 688.89%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.72 billion, up 32.92% from the year-ago period.

Investors might also notice recent changes to analyst estimates for Cheniere Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 11.28% lower within the past month. Cheniere Energy is currently a Zacks Rank #3 (Hold).

Digging into valuation, Cheniere Energy currently has a Forward P/E ratio of 10.01. For comparison, its industry has an average Forward P/E of 6.16, which means Cheniere Energy is trading at a premium to the group.

The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 244, putting it in the bottom 4% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

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Cheniere Energy, Inc. (LNG) : Free Stock Analysis Report

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