What’s Next for Cheniere Energy Stock?



What’s next for LNG?

Cheniere Energy (LNG) stock recently trended lower following renewed trade tensions, but its better-than-expected earnings could please investors. It will be interesting to see how the stock reacts to its first-quarter numbers.

The stock has risen ~8%, while its MLP subsidiary, Cheniere Energy Partners (CQP), has risen ~20% so far in 2019.

LNG anr

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Analysts’ recommendations

Cheniere Energy stock offers an upside potential of ~24% based on analysts’ mean price target of $79.5. Cheniere Energy closed at $63.8 on May 8.

Among the 19 analysts tracking Cheniere Energy, ten have given it “buys,” eight have given it “strong buys,” and one has given it a “hold.” The company hasn’t received any “sell” recommendations in more than a year.

Cheniere Partners

Cheniere Energy Partners stock appears to offer a downside potential of ~5.0% based on analysts’ target price of $41.3. It’s currently trading at $43.3.

Among the 18 analysts tracking Cheniere Energy Partners, four have given it “strong buys,” one has given it a “buy,” 11 have given it “holds,” and two have given it “sells.” Cheniere Energy Partners is trading at a distribution yield of 5.6% compared to the Alerian MLP ETF’s (AMLP) 8.1%.

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