The Houston, TX based energy company is involved in liquid natural gas and related businesses.
Unlike some stocks within the energy sector, Cheniere Energy is so far seeing no negative impact from today's declining price of oil. Following yesterday's rally, oil prices are tumbling as concerns fade regarding supply disruptions stemming from Saudi Arabia's airstrikes against rebel fighters in Yemen.
Bob Lang, Co-Portfolio Manager of Trifecta Stocks, has identified Cheniere Energy as his "Chart of the Day." Here is what Lang had to say about the stock:
It's hard to get excited about any name in the energy sector after crude oil completely crashed in recent months. Yet, some companies are still holding their ground. Though natural gas names are mixed, the better ones are still looking attractive. Cheniere Energy is in this group, long a favorite of Jim Cramer, from when the stock was in the low teens.
The chart is constructive, as it continues to move in a sideways range. The price channel is defined as well, and we note it is near the bottom -- perhaps an excellent spot to get on board prior to traveling toward the upper end. Momentum indicators have stalled and do not suggest a buy yet, but when they turn, this stock should move toward, and exceed, new highs.
Want more like this from Bob Lang BEFORE your stock moves? Learn more about Trifecta Stocks today!
Separately, TheStreet Ratings team rates CHENIERE ENERGY INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate CHENIERE ENERGY INC (LNG) a HOLD. The primary factors that have impacted our rating are mixed-some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and feeble growth in the company's earnings per share."
You can view the full analysis from the report here: LNG Ratings Report