|Bid||57.25 x 100|
|Ask||59.41 x 100|
|Day's Range||57.47 - 58.48|
|52 Week Range||40.36 - 60.22|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 4, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||64.00|
Cheniere Energy, Inc. announced today that its wholly owned subsidiary Cheniere Corpus Christi Holdings, LLC has engaged financial institutions to act as Joint Lead Arrangers to assist in the structuring and arranging of up to $6.4 billion of credit facilities.
Cheniere Energy (LNG) is the first company to start LNG (liquified natural gas) exports from the lower 48 US states. It has seen huge earnings growth in recent quarters with the start-up of LNG export terminals. The trend is expected to continue in the coming years driven by an increase in US LNG exports and the completion of export terminals that are under construction.
The US earnings season has begun for midstream energy companies. On April 18, 2018, Kinder Morgan (KMI) announced its first-quarter results.
Cheniere Energy, Inc. announced today that it plans to issue its earnings release with respect to first quarter 2018 financial results on Friday, May 4, 2018 before the market opens.
Recently, Bernstein upgraded Cheniere Energy (LNG) to “outperform,” which is equivalent to “buy.” Cheniere Energy was upgraded from “market-perform,” which is equivalent to “hold.” Bernstein also increased the company’s target price to $63 from $55. At the same time, Citigroup lowered Cheniere Energy’s target price to $65 from $67.
Cheniere Energy (LNG) was trading at an EV-to-sales multiple of 7.2x as of April 10, 2018—below the historical one-year average of 13.8x. The company’s forward EV-to-sales multiple, which is based on sales estimates for the next 12 months, was 6.1x as of April 10. The company’s forward EV-to-sales multiple is higher compared to the peer median of 2.0x.
Cheniere Energy’s (LNG) 30-day implied volatility was 30.9% as of April 10, 2018, which is lower than the 15-day average of 36.5%. In comparison, the Alerian MLP ETF (AMLP) has an implied volatility of 23.6%. Cheniere Energy’s higher implied volatility compared to AMLP is mainly due to its export-led business and the fluctuation in global LNG (liquefied natural gas) prices. However, Cheniere Energy’s exposure to global LNG prices is expected to come down following recent sale and purchase agreements.
Cheniere Energy (LNG) went above its 50-day moving average due to the recent rally, which indicates bullish sentiment in the stock. Cheniere Energy was trading 1.7% above its 50-day simple moving average and 12.9% above its 200-day simple moving average as of April 10, 2018.
Cheniere Energy (LNG) stock saw a sharp rally on April 9, 2018, due to a general recovery in the US energy sector and broader markets. There were signs of moderating trade war tensions between the US and China. Overall, Cheniere Energy has risen 4.1% since the beginning of April. At the same time, the Alerian MLP ETF (AMLP) and the Energy Select Sector SPDR ETF (XLE) have gained 2.7% and 3.7%.
When Kinder Morgan Inc (NYSE:KMI) decided to bring its Master Limited Partnerships (MLP) back into the company and trade as one stock, in 2014, analysts cheered. Since the structure change became final, KMI has lost more than 60% of its value, despite a continuing stream of dividends that currently yield 3.26%. Meanwhile Enterprise Products Partners L.P. (NYSE:EPD) was among those which kept the MLP structure through the downturn and, while it hasn’t exactly prospered, the stock is down only 20%.
Stock Monitor: Transmontaigne Partners Post Earnings Reporting LONDON, UK / ACCESSWIRE / April 04, 2018 / Active-Investors.com has just released a free earnings report on Cheniere Energy, Inc. (NYSE: LNG ...
The global liquefied natural gas market is set to see more U.S. LNG. So how do you want to play it: income or growth?
The White House is reviewing Environmental Protection Agency chief Scott Pruitt's activities after reports he paid below the market rate to live in a condo owned by a lobbyist who deals with issues overseen by the agency, the Wall Street Journal reported on Monday, citing an unnamed White House official. Pruitt has declined to comment on the rental arrangement reported last week and a spokesman for the agency on Friday defended his conduct and said the lease agreement was in line with federal ethical regulations. The Journal quoted the official as saying the purpose of the inquiry was to "dig a little deeper." Another White House official said few people were coming to Pruitt's defense, the newspaper said, although there is no sign yet that his position is in jeopardy.
An agency ethics official at the Environmental Protection Agency says Administrator Scott Pruitt's lease of a Capitol Hill condo tied to a prominent fossil-fuels lobbyist didn't violate federal ethics ...
U.S. Environmental Protection Agency chief Scott Pruitt may not survive long in his job after reports that he paid below market rate to live in a condo owned by a lobbyist who deals with issues overseen by his agency, lawmakers and a former Trump official said in television interviews on Sunday. On Friday, ABC News and Bloomberg News reported that during Pruitt's first six months in Washington last year, he made a deal to pay about $50 a night - less than a third the price of similar properties - to rent a room in a Capitol Hill neighborhood condo building co-owned by energy industry lobbyist Steven Hart and his wife. Christie was for a short time the head of President Donald Trump's transition team and has previously raised concerns that many political appointments had not been vetted for such conflicts of interest.
Cheniere Energy (LNG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.