The U.S. has extended the comment period on a federal study of the economic and environmental impacts of the booming liquefied natural gas (LNG) export business after advisers had urged President Donald Trumpto take a patient approach to prevent approvals from getting overturned in court.
Venture Global LNG on Wednesday slashed the valuation it sought from a U.S. initial public offering to $65.33 billion, significantly lower than the initial target of $110 billion. The revision by the second-largest exporter of liquefied natural gas in the United States follows days of marketing to potential investors,
Venture Global is now seeking a more reasonable valuation of about $65 billion, versus earlier plans for about $110 billion.
"Portugal to increase LNG purchases from US, Nigeria, reduce Russian imports" was originally created and published by Offshore Technology, a GlobalData owned brand.
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LNG exporter Venture Global on Wednesday slashed the valuation it was seeking from its U.S. initial public offering to as much as $65.33 billion, significantly lower than the more than $100 billion it had initially aimed.
Scotiabank has recently initiated Cheniere Energy Inc (LNG) stock to Sector Outperform rating, as announced on January 10, 2025, according to Finviz. Earlier, on November 26, 2024, TD Cowen had reiterated the stock to Buy, setting a price target of $242 for LNG stock. TD Cowen also reiterated Buy rating with a price target of $202. Additionally, BofA Securities resumed Buy rating on October 17, 2024, with a target price of $215. Bernstein analysts, in their report published on June 24, 2024, also initiated Outperform rating for Cheniere Energy Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment. Cheniere Energy Inc (LNG) Stock Trading Recap On Tuesday, Cheniere Energy Inc (LNG) stock saw a decline, ending the day at $249.63 which represents a decrease of $-3.13 or -1.24% from the prior close of $252.76. The stock opened at $252.48 and touched a low of $248.34 during the day, reaching a high of $254.53. The volume of shares traded was 3.38 million exceeding the average volume of 1.74 million. In recent trading, Cheniere Energy Inc (LNG) stock price has shown some volatility, fluctuating 8.80% over the last five trades and 18.49% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 37.21%, and it has gained 36.83% in the previous three months. Currently, LNG is trading at 10.98%, 13.77%, and 35.40% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively. As of the latest trading close, LNG, a Energy sector stock, is trading -3.11% below its 52-week high but remains 63.90% above its 52-week low. The Average True Range (ATR) (14 days) of 5.59 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk. Cheniere Energy Inc’s Profitability and Valuation Ratios Cheniere Energy Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of -11.92% and a profit margin of 22.83%, with a gross margin of 37.21%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability. In terms of valuation, Cheniere Energy Inc’s market capitalization stands at $56.01 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 15.92, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 21.54. Additionally, the Price-to-Sales Ratio is 3.5, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 11.03, comparing the market value to the company’s book value. Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 1.06% of Cheniere Energy Inc (LNG)’s shares, while financial institutions hold 89.12%.
He withdrew the U.S. from the Paris Climate Accords, putting the growth and success of American communities and families ahead of the extreme and pointless demands of climate radicals. Almost simultaneously,