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Cheniere Energy Has Risen 1.6% in September: What’s Next?

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Cheniere Energy Has Risen 1.6% in September: What’s Next? PART 1 OF 5

Cheniere Energy Has Risen 1.6% in September: What’s Next?

Cheniere Energy’s recent market performance

Cheniere Energy (LNG), the only US LNG exporter from the US lower 48 states, was weak last week amid the rise in political tensions between the US and North Korea. It fell 1.0% during the week. However, Cheniere Energy is still in positive territory for September. It has risen 1.6% since the beginning of this month. At the same time, the Alerian MLP ETF (AMLP), which consists of 25 energy MLPs, has lost 0.8%, while the SPDR S&P 500 ETF (SPY) (SPX-INDEX) has risen 0.8%. Cheniere Energy’s subsidiaries, Cheniere Energy Partners (CQP) and Cheniere Energy Partners LP Holdings (CQH), have lost 2.4% and 3.0%, respectively, during the same timeframe.

Cheniere Energy Has Risen 1.6% in September: What’s Next?

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However, Cheniere Energy is still trading 10.7% below the levels during the beginning of 2H17. Cheniere Energy’s recent weak performance could be mainly attributed to its ratings downgrade at Morgan Stanley, concerns of contract renegotiations due to the decline in LNG prices, and the rise in geopolitical tensions in the Korean Peninsula. Japan, South Korea, and China are among the world’s largest LNG buyers in the world.

Cheniere Energy’s YTD performance

The decline in 2H17 has significantly eroded Cheniere Energy’s YTD (year-to-date) gains. It was up ~20% by the end of 1H17, and now its YTD gains have come down to 3.7% as of September 22. However, Cheniere Energy is still outperforming AMLP and the energy sector in 2017. AMLP and the Energy Select Sector SPDR ETF (XLE) have lost 14.8% and 10.8%, respectively, in 2017. Cheniere Energy is outperforming AMLP and XLE by 1,850 and 1,450 basis point, respectively.

Series overview

In this series, we’ll find out whether Cheniere Energy can gain upward momentum from here. We’ll look into its technical indicators, price forecast, and valuations. Following this, we’ll look into Cheniere Energy’s analyst recommendations.

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