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Earnings Growth & Price Strength Make Cheniere Energy (LNG) a Stock to Watch

If you're a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That's why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that's been proven to generate strong returns.

Now, let's take a deep dive into a great stock that could be just the right addition to your portfolio.

Why You Should Pay Attention to Cheniere Energy (LNG)

Houston, TX-based Cheniere Energy Inc. is primarily engaged in businesses related to liquefied natural gas (or LNG) through its two business segments: LNG terminal; and LNG and natural gas marketing. The company, through its controlling interest in Cheniere Energy Partners L.P., owns and operates the Sabine Pass LNG terminal in Louisiana – North America’s first large-scale liquefied gas export facility. Furthermore, Cheniere Energy owns and operates the 94-mile Creole Trail Pipeline – an interconnect between the Sabine Pass receiving terminal and the downstream markets – through its subsidiary.

On September 6, 2022, LNG was added to the Zacks Focus List at $159.36 per share. Shares have increased 3% to $164.14 since then.

Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $2.67 to $33.55. LNG also boasts an average earnings surprise of 104.5%.

Earnings for Cheniere Energy are forecasted to see growth of 494.9% for the current fiscal year as well.

Since stock prices respond to earnings estimate revisions, it can be very profitable to buy stocks with an increased earnings outlook. By buying a Focus List stock like LNG, then, you're likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum.

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

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Zacks Investment Research

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