Cheniere Energy (LNG) Stock Moves -0.18%: What You Should Know
From NASDAQ:
Cheniere Energy (LNG) finished trading at $170.71, 0.18% lower than its close the day before. This contrasts with the S&P 500’s loss of 0.28%, and further contrasts with the Dow’s 0.06% and the Nasdaq’s 0.56% drop. In the last month, LNG shares dropped 6.11%. The upcoming earnings release will be essential; expectations are of a $2.70 EPS and $4.5 billion in quarterly revenue, down 50.5% compared to the year-ago quarter. The Zacks Rank system predicts stock price performance, Cheniere Energy has a medium hold rank of #3. Valuation wise, LNG is trading cheaply with a Forward P/E ratio of 4.32, compared to the industry’s average of 8.71. The Zacks Industry Rank has placed Oils-Energy in the bottom 21% out of 250 industries, showcasing its low performance. Lastly, a bonus report is available from Zacks for the ChatGPT “Sleeper” Stock.
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