Cheniere Energy, Inc. (LNG) was a big mover last session, as its shares rose nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the trend for the company, as the stock is now trading above the volatile price range of $55.39 to $62.52.
In the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Cheniere Energy currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Other better-ranked stocks in the shipping industry include Athlon Energy Inc. (ATHL), Encana Corporation (ECA) and RSP Permian, Inc. (RSPP). All these stocks sport a Zacks Rank #1 (Strong Buy).
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