64.89 0.00 (0.00%)
After hours: 7:55PM EDT
|Bid||0.00 x 1400|
|Ask||0.00 x 900|
|Day's range||63.03 - 65.14|
|52-week range||43.83 - 71.03|
|Beta (3Y Monthly)||1.13|
|PE ratio (TTM)||87.27|
|Earnings date||8 Nov 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||76.73|
Beijing slapped a 10 percent tariff on U.S. LNG, but with the winter coming up, the Chinese government could see itself prompted to buy more expensive spot cargoes
In the week ending October 5, the MLPs that fell the most were a diverse mix. Royalty interest owner Dorchester Minerals (DMLP), midstream MLP NGL Energy Partners (NGL), downstream player CVR Refining (CVRR), and frac sand company Hi-Crush Partners (HCLP) were among the top losses last week. Other MLPs that fell last week included Calumet Specialty Products Partners (CLMT) and Suburban Propane Partners (SPH).
Williams Companies (WMB) stock has a median analyst target price of $34.17 compared to its current market price of $27.62. The target price indicates a potential upside of more than 12% for the next 12 months. Of the 19 analysts surveyed by Reuters that track Williams Companies, seven recommended it as a “strong buy,” seven recommended it as a “buy,” five recommended it as a “hold,” and none of them recommended it as a “sell” as of October 8.
Williams Companies (WMB) stock has fallen almost 15% from its peak in August this year. It is currently trading at a forward EV-to-EBITDA valuation of 12.4x, considering its 2019 earnings. Enterprise Products Partners (EPD) and Kinder Morgan (KMI) are trading at forward EV-to-EBITDA multiples of 13x and 10.5x, respectively.
EIA expects exports of both pipeline and liquefied natural gas from the United States to continue to increase. Therefore, the time is ripe to focus on U.S. stocks, which should benefit from growing exports of natural gas
With its recent strength, Energy Transfer Equity (ETE) has broken above its 50-day moving average, its near-term resistance. It’s currently trading at $18.09, ~1% and 7% above its 50-day and 200-day moving averages, respectively.
Cheniere Energy (LNG), Teekay LNG Partners (TGP), and Golar LNG Partners (GMLP) were among the top gainers in the MLP and midstream sector last week. Cheniere Energy rose 3.7% while TGP and GMLP rose 10.6% and 5.2%, respectively, in the last week. Other top gainers included Dorchester Minerals (DMLP), CVR Refining (CVRR), and American Midstream Partners (AMID), which rose 7.1%, 6.2%, and 5.0%, respectively.
With LNG cargoes becoming more and more frequent, a trading market for this commodity could make U.S. LNG incredibly competitive.
Cheniere Energy (LNG) stock has significantly outperformed its peers in 2018. The stock has risen more than 26%, while the MLP and Energy Infrastructure ETF (MLPX) has fallen more than 5% year-to-date. The above chart shows the normalized stock price movement of Cheniere Energy and MLPX along with broader markets.
Cheniere Energy (LNG) stock continues to look strong. The premium to both of the support levels indicates strength. Cheniere Energy stock seems to be on the verge of the “overbought” zone. The company’s RSI (relative strength index) stands at 70.
Cheniere Energy (LNG), a leading liquified natural gas exporter, stock hit a new 52-week high of $70.21 after Morgan Stanley upgraded it from “equal-weight” to “overweight” on September 26. Morgan Stanley analyst Fotis Giannakoulis thinks that rising global demand for liquefied natural gas and lower natural gas prices due to structural oversupply could improve Cheniere Energy’s export economics. Morgan Stanley also raised Cheniere Energy’s target price from $63.0 to $80.0.
Royalty interest owner partnership Viper Energy Partners (VNOM) and Enbridge Energy Management (EEQ) were among the top gainers in the MLP and midstream space last week, rising 7.9% and 7.8%, respectively. Viper Energy Partners has risen 77% so far in 2018. Enbridge Energy Partners (EEP) rose 2.4% for the week. Both Enbridge Energy Management and Enbridge Energy Partners were boosted by the acquisition agreement with Enbridge (ENB) that we discussed in the last part of this series.
LNG exporter Cheniere Energy thinks that import tariffs on U.S. cargoes of LNG to China won't significantly impact the business long term.
Of the 15 analysts covering Cheniere Energy (LNG) stock, nine recommended a “strong buy,” three recommended a “buy,” and three recommended a “hold” on the stock. None of the analysts recommended a “sell” on the stock as of September 18.
In this part, we’ll discuss Cheniere Energy’s (LNG) total returns. In the past 12 months, Cheniere Energy returned 49%. The company outperformed its peers and even broader markets. Cheniere Energy’s subsidiary, Cheniere Energy Partners (CQP) returned 46% in the past year. We have considered stock appreciation and dividend payments in a particular period to calculate the total returns. The MLP and Energy Infrastructure ETF (MLPX) returned 3% in the past year.
Cheniere Energy (LNG) displayed a steep rally this year and notably outperformed its peers. Currently, Cheniere Energy is trading at $64.77, which is almost 2% and 9% above its 50-day and 200-day moving average levels. The fair premium to both of the support levels indicates strength in the stock. The moving average levels around $63.77 and $59.39 are expected to act as a support for Cheniere Energy stock in the near future.
Cheniere Energy (LNG) inks second major long-term LNG deal in 2018. The deal is related to the supply of LNG to Vitol for 15 years on a free-on-board basis.
Cheniere has signed a 15 year deal with Vitol to sell roughly 0.7 million tons of liquefied natural gas each year, a deal that emphasizes the growing importance of LNG in global markets
A new generation is now moving in on the Permian with money on their minds, these ambitious millennials are set to make their mark on Texas’ oil industry
The United States is slated to become the world's third-largest exporter of liquefied natural gas by 2020. These facilities will get the party started.
NEW YORK, Aug. 31, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of General ...