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.
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%.
