#2 - Cheniere Energy (NYSE:LNG)
As the company’s ticker symbol suggests, Cheniere Energy Inc. (NYSE: LNG) is one of the best ways for investors to gain exposure to the growing demand for liquefied natural gas (LNG). Liquefied natural gas is natural gas that has been chilled to levels that change it to a liquid state so that it can be easily and safely transported. In 2022, the United States became the largest exporter of LNG, mostly due to the need for European countries to replace the natural gas they were receiving from Russia.
Cheniere owns and operates two natural gas liquefaction and export facilities with long-term contracts ensuring solid cash flow. At peak capacity, the company can generate approximately 30 million metric tons of LNG every year.
LNG stock is up 12.4% in 2024 with all of that gain coming in the last six months when the stock surged ahead by over 21%. That has it pushing its 52-week high. But the company initiated a stock buyback program in June 2024 that is likely to fuel further growth in the stock price.
About Cheniere Energy
Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.
Read More - Current Price
- $220.53
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 9 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $208.44 (5.5% Downside)
