Yahoo Finance Cheniere Energy (LNG) Advances While Market Declines: Some Information for Investors
The latest trading session saw Cheniere Energy (LNG) ending at $160.07, denoting a +0.22% adjustment from its last day's close. This change outpaced the S&P 500's 0.31% loss on the day. On the other hand, the Dow registered a loss of 0.41%, and the technology-centric Nasdaq decreased by 0.27%.
The natural gas company's stock has climbed by 1.26% in the past month, falling short of the Oils-Energy sector's gain of 4.74% and the S&P 500's gain of 3.05%.
The investment community will be closely monitoring the performance of Cheniere Energy in its forthcoming earnings report. The company is expected to report EPS of $2.31, down 66.47% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $4.23 billion, indicating a 42.09% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $8.97 per share and revenue of $16.8 billion, which would represent changes of -77.97% and -17.61%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Cheniere Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 5.09% downward. Right now, Cheniere Energy possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Cheniere Energy currently has a Forward P/E ratio of 17.8. This represents a premium compared to its industry's average Forward P/E of 10.61.
Investors should also note that LNG has a PEG ratio of 0.69 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Exploration and Production - United States was holding an average PEG ratio of 0.73 at yesterday's closing price.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 205, which puts it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Cheniere Energy, Inc. (LNG) : Free Stock Analysis Report
