Cheniere Energy Inc

Cheniere Energy, Inc.’s MLP company’s Sabine Pass liquefaction project has already secured four fixed-price, 20-year sales and purchase agreements with third parties.

Hurricane Harvey hit the US Gulf Coast last week. The US Gulf Coast is a major destination for US refineries and energy infrastructure.

Currently, Cheniere Energy is trading 3.4% above its 50-day simple moving average and 13.2% above its 200-day simple moving average.

Citigroup posted a $3.4 billion net income, up by 8% with revenues of $19.6 billion, and the net interest margin increased to 2.91% for 3Q14.

The Baupost Group pared almost half of its stake in British Petroleum (BP), which accounted for 7.80% of the fund’s total portfolio in 4Q 2013.

The third quarter of 2014 was by far the best for SiriusXM in terms of market penetration as well as increasing revenues.

Currently, 78% of the analysts surveyed by Reuters rate Cheniere Energy as a “buy” as of March 22, 2018, while the remaining 22% rate it as a “hold.”

In this article, we’ll look at what Wall Street analysts recommend for Cheniere Energy (LNG). At a broader level, 85.0% of analysts rated Cheniere Energy as a “buy.”

Investors may be seeing a lot of reports about rising US LNG (liquefied natural gas) exports. Let’s review the basics of LNG.

Cheniere Energy, Inc., is a Houston-based energy company engaged in the liquefied natural gas business.The Sabine Pass liquefaction project is one of the first projects to receive the necessary government permits to export liquefied natural gas.

The correlation between Cheniere Energy’s stock price and crude oil (USO) resulted in a correlation coefficient of 0.87 during the past year.

Among the analysts surveyed by Reuters, 76% rate Cheniere Energy (LNG) as a “buy” as of March 6, 2018, while the remaining 24% rate it as a “hold.”

Barclays recently raised Cheniere Energy’s target price to $62 from $58. Cheniere Energy’s recent deal with Trafigura could be one of the reasons.

The average target price of $53.0 for Cheniere Energy implies a 13.5% price return in the next 12 months from its February 17 closing price of $46.7.

As of October 18, 80.0% of the analysts surveyed by the Reuters rate Cheniere Energy (LNG) stock a “buy,” while the remaining 20.0% rate it a “hold.”

Cheniere Energy (LNG) was among the top midstream gainers last week. The stock rose 2.8% during the week.

Analysts’ ratings for Cheniere Energy In this article, we’ll look at what Wall Street analysts recommend for Cheniere Energy (LNG) ahead of its 3Q16 earnings announcement. 72.7% of analysts rate Cheniere Energy a “buy,” 18.2% rate it a “hold,” and the remaining 9.1% rate it a “sell.” The median broker target price of $52.50 for […]

Seth Klarman’s The Baupost Group added a 12.04% stake in Paratek Pharmaceuticals, Inc. (PRTK), according to a 13G filing in December.

Cheniere Energy’s MLP subsidiary, Cheniere Energy Partners (CQP), has “hold” ratings from 53.3% of analysts.

Dorchester Minerals (DMLP), NGL Energy Partners (NGL), CVR Refining (CVRR), and Hi-Crush Partners (HCLP) were among the top losses last week.

John Griffin’s Blue Ridge bought a stake in Apple Inc. (AAPL) last quarter. The stock accounts for a 1.85% position in the fund’s portfolio.

76% of analysts surveyed by Reuters rate Cheniere Energy (LNG) a “buy” as of February 15, 2018, while the remaining 24% rate it a “hold.”

The Baupost Group added a stake in Cheniere Energy Inc. (LNG) that accounted for 7.57% of the fund’s total portfolio. Cheniere Energy is a Houston-based energy company.

Cheniere Energy Partners LP Holdings (CQH) shares rallied 7.0% on Friday, September 30, 2016, after Cheniere Energy (LNG) announced it would acquire its remaining stake in CQH.

Asian LNG (liquefied natural gas) spot prices have seen strong upward momentum in recent weeks. The contract for July delivery gained $1.80 per MMBtu (million British thermal units) last week to reach $11.60 per MMBtu.

It’s important to note that 66.7% of analysts rated Cheniere Energy Partners as “buy,” while the remaining 33.3% rated the company as “hold.”

In this series, we’ll look at the historical outliers in midstream energy, which have generated massive wealth amid turbulent times.

Cheniere Energy was trading at an EV-to-sales multiple of ~15.2x on June 22, 2017, which is much lower than its average over the past ten quarters.

Cheniere Energy’s (LNG) 30-day implied volatility was 30.3% on June 6, 2017.

On November 14, Carl Icahn’s Icahn Capital Management filed its form 13F. In the third quarter, it included two new stocks.

Seth Klarman’s Baupost Group, LLC, returned $4 billion to clients at the end of last year. The fund is one of the best-performing hedge fund managers of all time, generating $21.5 billion in returns over its history.

Carl Icahn’s fears could come true in October. According to Goldman Sachs, the market might exhibit higher volatility next month.

Cheniere Energy’s (LNG) earnings are scheduled to be released on Thursday. According to the consensus estimates, the company will report an EPS of $0.34.

Of the top midstream companies we’ve discussed in this series, only ONEOK (OKE) and Cheniere Energy (LNG) have met analysts’ mean price targets from a year ago.

h favorable developments on the trade war front, Cheniere Energy (LNG) stock hit a ten-month high on July 1.

Analysts seem positive on Cheniere Energy (LNG) stock. The stock offers a potential upside of ~22% based on analysts’ target price of $79.5.

The EIA expects US natural gas prices to average $2.89 per MMBtu in 2019. For 2020, the forecast is $2.92 per MMBtu.

After Twenty-First Century Fox (FOX) (FOXA), Cheniere Energy (LNG) is Seth Klarman’s biggest bet.

Seth Klarman’s portfolio value at the end of the fourth quarter was $11.5 billion.

Cheniere Energy (LNG) is scheduled to report its fourth-quarter and fiscal 2018 earnings on February 26.

Energy Transfer (ET) was one of the few midstream stocks that fell last week. Energy Transfer fell 3.1% last week.

On December 18, Cheniere Energy announced its agreement to sell liquified natural gas to Malaysia-based Petronas for 20 years.

Cheniere Energy (LNG) is slated to release its third-quarter results on November 8. Here’s what you need to know.

In the United States, the monthly natural gas production rose from 1.78 trillion cubic feet in January 2009 to 2.43 trillion cubic feet in June 2018.

Royalty interest owner partnership Viper Energy Partners (VNOM) and Enbridge Energy Management (EEQ) were among the top gainers in the MLP and midstream space last week, rising 7.9% and 7.8%, respectively.

On September 17, Cheniere Energy (LNG) announced that it signed a 15-year agreement to supply liquified natural gas to Vitol Group.

US gasoline production decreased 0.4% to 10.3 MMbpd (million barrels per day) on July 13–20. The production decreased 1.3% from a year ago.

In this series, we’ll look at the top ten midstream companies based on earnings growth expectations for 1Q18.

Cheniere Energy (LNG) stock saw a sharp rally on April 9, 2018, due to a general recovery in the US energy sector and broader markets.

As a result of substantial natural gas resources and a significant increase in natural gas production, the US Energy Information Administration (EIA) expects an increase in US natural gas exports.

Dominion Midstream Energy Partners (DM) and Spectra Energy Partners (SEP) were among the top three MLPs losses last week.

Cheniere Energy stock saw a sharp decline on March 22, 2018, amid concerns about a full-blown trade war between the US and China.

Recently, Cheniere Energy (LNG) started its 20-year LNG (liquefied natural gas) contract with GAIL India.

Cheniere Energy (LNG) stock has been volatile since the beginning of the year. The stock saw a new YTD low of $51.2 at the beginning of March.

Cheniere Energy is trading 4.4% above its 50-day simple moving average and 18.0% above its 200-day simple moving average.

China’s state-run CNPC signed three SPAs with Cheniere Energy—two long-term SPAs and one medium-term SPA.

Cheniere Energy’s revenue increased to $1.746 billion in 4Q17 from $572.0 million in 4Q16—a 205.5% increase YoY.

Cheniere Energy’s subsidiary, Cheniere Marketing, recently entered into a long-term SPA (sale and purchase agreement) with Trafigura.

Cheniere Energy (LNG) has risen 9.7% in the last six trading sessions. It rose 12.1% in December 2017 alone.

Despite strong revenue growth, Cheniere Energy’s net loss widened to $289.0 million in 3Q17 compared to $101.0 million in 3Q16.

Although Cheniere Energy (LNG) had a weak start to December 2017, it has bounced back since then. Overall, the LNG (liquefied natural gas) exporter has gained 2.8% in December.

According to the U.S. Energy Information Administration (EIA), the United States is currently the world’s largest natural gas producer.

Cheniere Energy (LNG) has a “buy” rating from 80.0% of analysts surveyed by Reuters while the remaining 20.0% rate it a “hold” as of November 10.

Dominion Energy Midstream Partners’ (DM) average target price of $33.70 implies a 5.5% upside potential from its current price levels.

Cheniere Energy was trading at an EV-to-sales multiple of 14.9x on August 3, 2017. Its forward EV-to-sales multiple, based on next 12-month sales estimate, was 8.3x.

Cheniere Energy’s (LNG) 1Q17 revenue rose to $1.2 billion from $69.0 million in 1Q16, a rise of 18x YoY (year-over-year).

In the previous article, we explored how Cheniere Energy has played a major role in the United States, becoming a major LNG (liquefied natural gas) player.

Cheniere’s forward EV-to-EBITDA multiple of 20.5x is higher than the peer median of 13.6x.

Cheniere Energy (LNG) rallied 3.3% on Friday, May 12, 2017, following the US-China trade deal with China.

Cheniere Energy’s outstanding debt Cheniere Energy’s (LNG) debt has continued to grow. Its total outstanding debt was $21.9 billion at the end of 2016, which is ~$5.3 billion higher than its total debt outstanding in 2015. This total includes ~$14.5 billion of debt sitting on subsidiary Cheniere Energy Partners’ (CQP) balance sheet. Cheniere Energy recently […]

LNG spot prices Cheniere Energy (LNG) benefited heavily from high Asian LNG (liquefied natural gas) spot prices during the fourth quarter of 2016. Asian LNG prices were driven by a huge surge in LNG demand from China, the shutdown of the Gorgon facility in Australia, and unplanned outages at other liquefaction plants. In December 2016, […]

Projected US liquefaction capacity US (SPY) (SPX-INDEX) liquefaction capacity is expected to rise manifold in coming years. There are six LNG (liquefied natural gas) facilities under construction, including Cheniere Energy’s (LNG) two facilities at Sabine Pass and Corpus Christi. The other four remaining facilities are Kinder Morgan’s (KMI) Elba Island, Freeport, Cameron, and Cove Point […]

Cheniere Energy’s 4Q16 revenue Cheniere Energy’s (LNG) 4Q16 revenue rose to $571.6 million from $68.4 million in 4Q15, and eightfold increase YoY (year-over-year). The rise in Cheniere Energy’s 4Q16 revenue was mainly driven by the commencement of LNG (liquefied natural gas) exports from Train 1 and Train 2 at Sabine Pass. Cheniere Energy exported 24 […]

Cheniere Energy (LNG) had a decent first quarter in terms of stock performance. In this series, we’ll look into its operating performance, key performance indicators, and balance position.

The global LNG (liquefied natural gas) supply continued to experience strong growth in 2016, driven by supply growth from Australia and the United States.

Cheniere Energy and its MLP subsidiaries, Cheniere Energy Partners and Cheniere Energy Partners Holdings, reported their 4Q16 earnings on February 28, 2017.

Short interest in Cheniere Energy (LNG), as a percentage of float ratio, fell to 6.7%. The ratio is lower compared to the average of 9.1% in 2016.

Cheniere Energy (LNG) rose 11.2% in 2016. It had a strong start to 2017 as well. It has risen 12.7% since the beginning of 2017.

Cheniere Energy’s total outstanding debt by the end of 2Q16 was $20.8 billion. Its debt was ~$4.2 billion higher than the total outstanding debt in 2015.

Cheniere Energy, which started its LNG exports to South America, benefited from higher LNG exports to Asian markets, including China (EEM), during 4Q16.

The sudden spike in US natural gas (UNG) exports is mainly due to higher LNG (liquefied natural gas) exports.

Global LNG market The global LNG (liquefied natural gas) market has continued to face a supply glut due to growing LNG supplies and weak demand from established LNG-importing countries such as Japan, South Korea, and Brazil. However, the growth of LNG imports from emerging and new markets has more than offset the decline. Cheniere Energy (LNG) […]

Cheniere Energy’s outstanding debt Cheniere Energy’s (LNG) total outstanding debt by the end of the second quarter was $20.8 billion, which was $4.2 billion higher than its total debt outstanding in 2015. This includes $13.9 billion of debt on Cheniere Energy Partners’ (CQP) balance sheet. Cheniere Energy Partners’ subsidiary, SPL (Sabine Pass Liquefaction), was upgraded […]

Cheniere Energy (LNG) and its MLP subsidiaries, Cheniere Energy Partners (CQP) and Cheniere Energy Partners Holdings (CQH), reported their 3Q16 earnings on November 3, 2016.

Global LNG market The global LNG (liquefied natural gas) market has continued to face a supply glut due to growing LNG supplies and weak demand from major LNG-importing countries. However, the growth of LNG imports from emerging markets has reduced some pressure. Egypt recently announced a record LNG tender, to import 96 cargoes. Additionally, India and Pakistan […]

Cheniere Energy’s high leverage Cheniere Energy’s (LNG) total outstanding debt by the end of the second quarter was $19.5 billion, which was ~$3.0 billion higher than its total debt outstanding in 2015. This includes $13.2 billion of debt from subsidiary Cheniere Energy Partners (CQP). Cheniere Energy Partners issued $1.5 billion in senior secured notes in September […]

Cheniere Energy (LNG) and its MLP subsidiaries, Cheniere Energy Partners (CQP) and Cheniere Energy Partners Holdings (CQH), are scheduled to release their 3Q16 earnings results on November 3, 2016.

Cheniere Energy (LNG) is looking to simplify its organizational structure by acquiring its remaining stake in Cheniere Energy Partners LP Holdings (CQH).

The LNG sector faces steep competition not only from other domestic terminals but also other countries in the international LNG market.

Cheniere Energy (LNG) expects FSRUs to boost demand from new markets, which might not be able to afford onshore regasification units.

Cheniere Energy issued ~$2.8 billion in senior secured notes in 2Q16 to repay borrowing under the credit facilities at Sabine Pass and Corpus Christi.

Investor flows into high yield bond funds were negative last week for the second consecutive week. Net outflows from high yield bond funds totaled $1.9 billion.

Cheniere Corpus Christi Holdings, a wholly owned subsidiary of Cheniere Energy (LNG), issued junk bonds worth $1.3 billion on May 12, 2016.

Cheniere Energy (LNG) is exporting liquid natural gas, or LNG, from the United States. It’s the first US company to receive a federal permit to export LNG.

While minimum volume commitments work well, in general, things change in a sustained low commodity price environment. Currently, this is the case.

Cheniere Energy Partners (CQP) announced on June 30 that it made a final investment decision on the construction of Train 5 of its Sabine Pass liquefaction project.

For the second quarter of 2015, analysts are expecting Cheniere Energy Partners’ (CQP) revenues to come in at $68.1 million.

Cheniere Energy Partners (CQP) is scheduled to release its earnings for 2Q15 on July 29. Its stock closed at $32.15 on July 14.

Cheniere Energy Partners’ (CQP) March presentation stated that Trains 1 and 2 were ~83% complete. It expects Train 1 to come online later this year.

In its March 2015 presentation, Cheniere Energy Partners (CQP) noted that the US responded to price signals faster than the rest of the world.