Cheniere Energy (LNG) Stock Sinks As Market Gains: Here’s Why
From Nasdaq:
Recent trading saw Cheniere Energy (LNG) close at $167.57, down -0.76% from the previous day. This move was less than the S&P 500’s gain of 0.18%. In the past month, the stock fell by 1.73%, lagging the sector’s gain of 1.79% and the S&P 500’s gain of 2.75%.
Cheniere is expected to report an EPS of $2.70, a decrease of 82.89% from the previous year. Revenue is estimated at $4.5 billion, down 50.5% from the year-ago quarter. Analysts have made positive revisions, and the company currently holds a Zacks Rank of #3 (Hold).
The stock is currently trading at a Forward P/E ratio of 16.41, compared to the industry average Forward P/E of 7.11. It also has a PEG ratio of 0.61, higher than the industry average of 0.4. The industry is ranked low at 240 out of 250 in Zacks Industry Rank, signaling underperformance.
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