Cheniere Energy’s Price Forecast after 3Q17 Results


Nov. 17 2017, Updated 2:40 p.m. ET

Cheniere Energy’s market performance

Cheniere Energy (LNG) stock has had a positive reaction from investors. The stock has risen 1.5% since its 3Q17 earnings announcement on November 14, 2017. That could be attributed to strong 3Q17 earnings and increased 2017 guidance.

Cheniere Energy had a good start to the month. However, the early gains were partially offset by recent declines. Overall, the US LNG (liquefied natural gas) exporter has risen 5.4% in November. At the same time, its subsidiary Cheniere Energy Partners (CQP) has fallen 1.5%, and Cheniere Energy Partners LP Holdings (CQH) has risen 4.3%. The Alerian MLP ETF (AMLP) has fallen 4.6% during the same time frame.

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Cheniere Energy entered positive territory after the recent rally. Overall, it has risen 18.9% since the beginning of the year. Cheniere Energy Partners LP Holdings has risen 18%, and Cheniere Energy Partners has fallen 4.3%. Cheniere Energy is outperforming the SPDR S&P 500 ETF (SPY) and AMLP year-to-date. SPY has risen 15.7%, and AMLP has fallen 18.7% year-to-date.

Cheniere Energy’s moving averages

Cheniere Energy is currently trading 6.7% above its 50-day SMA (simple moving average) and 6.3% above its 200-day SMA. That indicates a bullish sentiment in the stock. Strong spot LNG prices, an increase in its 2017 earnings guidance, and the recent MOU (memorandum of understanding) with China National Petroleum Corporation could push Cheniere Energy’s 50-day SMA above its 200-day SMA, resulting in a further bullish sentiment.

Cheniere Energy’s price forecast

Cheniere Energy’s 30-day implied volatility was 27.1% as of November 15, 2017, which is lower than the 15-day average of 27.2%. Based on its current implied volatility, Cheniere Energy could trade in the range of $47.42–$51.08 in the next seven days. It’s expected to trade within this range with a 68% probability.


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