Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Cheniere Energy Inc. (NYSE: LNG) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Cheniere Energy Inc. (NYSE: LNG) stock closed at $157.54 on 5/3/24 after a modest decline of -1.9%. Moreover, trading volume in this decline was unusually high at 197% of normal. Relative to the market the stock has been weak over the last nine months and has declined -1.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, LNG is expected to continue to be a major Value Builder.
Cheniere Energy has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Cheniere Energy has a slightly negative Appreciation Score of 39 and a slightly negative Power Rating of 37, leading to the Negative Value Trend Rating.
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