Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Cheniere Energy Inc. (NYSE: LNG) weakened of late. LNG’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Cheniere Energy Inc. (NYSE: LNG) stock closed at $179.76 on 8/1/24 after a modest decline of -1.6%. However, trading volume in this decline was unusually low at 61% of normal. The stock has risen 2.8% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
LNG is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
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 neutral Power Rating of 43 and a slightly negative Appreciation Score of 38, resulting in the Negative Value Trend Rating.
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