Elena Nikulina

Cheniere trades 6 percent below its 52-week high, Michael A. Gayed notes

Cheniere trades 6 percent below its 52-week high, Michael A. Gayed notes
Cheniere trades at $282.54 with raised guidance

Cheniere is trading at $282.54, which is 6% below its 52-week high, with a price-to-earnings ratio of 21 times trailing earnings and its guidance has been raised. Michael A. Gayed added that the recent FERC proposal acts as a tailwind for Cheniere, but it is not the main thesis and described the stock as priced for execution.

Michael A. Gayed has recently commented on other corporate earnings and guidance. He noted APLD’s report of $3.0 billion in capex and $116 million in expected revenue as the company announced its quarterly results. Gayed also reported that ACN’s third-quarter revenue rose 6% while bookings declined 2%.

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