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Why Cheniere Energy Inc (LNG) Stock Could See Much Higher Prices Ahead

Cheniere Energy Inc (NYSE: LNG) is 24.36% higher on its value in year-to-date trading and has touched a low of $152.31 and a high of $217.95 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LNG stock was last observed hovering at around $210.78 in the last trading session, with the day’s gains setting it 1.52%.

Currently trading at $212.30, the stock is 9.05% and 13.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.6 million and changing 0.72% at the moment leaves the stock 24.10% off its SMA200. LNG registered 23.58% gain for a year compared to 6-month gain of 32.55%. The firm has a 50-day simple moving average (SMA 50) of $187.642 and a 200-day simple moving average (SMA200) of $171.075.

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The stock witnessed a 16.37% loss in the last 1 month and extending the period to 3 months gives it a 14.08%, and is 3.22% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.43% over the week and 2.15% over the month.

Cheniere Energy Inc (LNG) has around 1605 employees, a market worth around $47.98B and $15.99B in sales. Current P/E ratio is 13.54 and Fwd P/E is 18.68. Profit margin for the company is 22.83%. Distance from 52-week low is 39.39% and -2.59% from its 52-week high. The company has generated returns on investments over the last 12 months (12.02%).

with sales reaching $4.51B over the same period.The EPS is expected to shrink by -72.60% this year, but quarterly earnings will post -23.23% year-over-year. Quarterly sales are estimated to shrink -6.55% in year-over-year returns.

Cheniere Energy Inc (LNG) Top Institutional Holders

1344.0 institutions hold shares in Cheniere Energy Inc (LNG), with institutional investors hold 91.09% of the company’s shares. The shares outstanding are 237.90M, and float is at 221.77M with Short Float at 1.41%. Institutions hold 90.49% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 21.74 million shares valued at $3.8 billion. The investor’s holdings represent 9.2829% of the LNG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 16.13 million shares valued at $2.82 billion to account for 6.8882 of the shares outstanding. The other top investors are FMR LLC which holds 7.08 million shares representing 3.024% and valued at over $1.24 billion, while STATE STREET CORP holds 2.4795 of the shares totaling 5.81 million with a market value of $1.02 billion.

Cheniere Energy Inc (LNG) Insider Activity

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