Cheniere Energy, Inc. (LNG): Are There Still Some Reasons For Optimism?

Cheniere Energy, Inc. (LNG) shares saw a recent bid of $49.26 and 1.17M shares have exchanged hands in the recent trading session, yielding a -2.22% decline over the past week. The stock price increased 1.15% or $-0.56 versus $48.70 at the end of the prior session. This change led market cap to move at $11.85B, putting the price -4.18% below the 52-week high and 54.66% above the 52-week low. The company’s stock has a normal trading capacity of 1.82M shares while the relative volume is 0.64.

To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $56.17 while $65.00 target is by far the most aggressive out of analysts who are currently evaluating the company, $8.83 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $48.00, which would be decrease of about -3% of its current value. The mean target of $56.00 should be compared with the price when the stock was languishing around $31.85 a share. And it remains to be seen which target price LNG can achieve without sacrificing much as the company is holding a 47.66% gain for the past twelve months.

By historical standards, Cheniere Energy, Inc. remains a cheap stock. The company’s current price-earnings ratio amounts above the average P/E ratio of 34.57 times earnings. For now, Cheniere Energy, Inc. is the toast of Wall Street as its ABR stands at 1.80 with 5 out of 14 analysts rating the stock a buy. Over the short term, some market observers may have noticed that Cheniere Energy, Inc. has a 5.26% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Cheniere Energy, Inc. has far performed well this year, with the share price up 18.90% since January. Over the past 2 quarters, the stock is up 19.30%, compared with a gain of nearly 3.60% for 3 months and about 9.76% for the past 30 days.

Last time, the company shocked Wall Street by reporting EPS of $0.40, smashing the consensus of $-0.25 per share. Revenue for the quarter also did not kill consensus, coming in at $1.21B, compared to the consensus of 648.63M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $-0.10. The company is expected to report EPS as high as $0.10 and as low as $-0.44 per share. Similarly, full-year EPS forecasts have ranged between $-0.41 and $0.89. The mean EPS estimate is $0.25. On the other side, sales forecasts for the current quarter are $893.04M. The stock is expected to report revenue as high as $1.1B and as low as $531.07M per share. Similarly, full-year sales forecasts have ranged between $3.06B and $4.96B. The mean revenue estimate is $4.33B.

Over the last 5 years, Cheniere Energy, Inc. has averaged a -0.50% YoY EPS growth rate and a 34.60% revenue growth rate. Analysts are expecting EPS growth rates to be at 38.00% this quarter and EPS estimate for next year reflect 180.35% growth rate.

Sell-side analysts also have something to say about this company. Guggenheim analysts stated on 18/04/2017 that they launched coverage on this stock with Buy rating. Wells Fargo analysts stated on 08/02/2017 that they launched coverage on this stock with Outperform rating. Barclays analysts stated on 06/09/2016 that they maintained their Overweight rating.

Cheniere Energy, Inc. (LNG): Are There Still Some Reasons For Optimism? was last modified: June 6th, 2017 by Tiller Blare
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