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Cheniere Energy up over 5.0% in November: What’s Next?

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Cheniere Energy up over 5.0% in November: What’s Next? PART 1 OF 4

Cheniere Energy Up over 5.0% in November: What’s Next?

Cheniere Energy’s recent market performance

Cheniere Energy (LNG) has been on an upward trend since the start of November, having risen 5.4%. At the same time, Alerian MLP ETF (AMLP) has fallen 3.6% while the SPDR S&P 500 ETF (SPY)(SPX-INDEX) has risen 0.5%.

Cheniere Energy Up over 5.0% in November: What’s Next?

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Cheniere Energy’s recent strong performance could be due to a rise in Asian LNG prices, driven by strong demand from the Chinese market, timely completion of Cheniere Energy’s LNG trains, and expectation of strong earnings growth during the third quarter. The LNG exporter is expected to release its 3Q17 earnings on November 15. For pre-earnings analysis of Cheniere Energy, see What to Expect from Cheniere Energy in 3Q17.

Cheniere Energy’s year-to-date performance

Cheniere Energy entered positive territory following the recent rally. It has risen 15.7% over the past three months. Overall, it has risen 19.0% since the beginning of this year. At the same time, Cheniere Energy’s subsidiary Cheniere Energy Partners LP Holdings (CQH) has risen 16.0% while Cheniere Energy Partners (CQP) has fallen 5.1%.

Cheniere Energy is outperforming AMLP and the SPDR S&P 500 ETF in 2017 to date. AMLP has fallen 18.9% while SPY has risen 14.7% YTD. Cheniere Energy is outperforming AMLP and SPY by 3,460 and 430 basis points, respectively. Cheniere Energy’s outperformance relative to AMLP could be due to its strong cash flow growth from fee-based LNG contracts amid volatility in the energy sector.

Series overview

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

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