Gallery
Picture 1
Lng stock price has seen a weekly gain of 1
New with box
Oops! Looks like we're having trouble connecting to our server.
Refresh your browser window to try again.
LNG stock price has seen a weekly gain of 1.8%, with market sentiment boosted by higher Asia-Pacific spot LNG prices. Technical charts suggest a bullish bias as it holds above its 50-day moving average. Support is spotted around $158.80, which could be critical if global energy prices soften. Another potential major growth catalyst is an acquisition. Energy Transfer has a long history of consolidating the energy midstream sector, typically completing at least one multibillion-dollar acquisition each year. While it hasn't made a deal this year, it has the financial strength to strike when the right opportunity arises. Securing a needle-moving acquisition could also give its unit price a nice boost. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. The LNG stock price has reacted positively to reports of increased European import capacity. Price action suggests institutional investors are accumulating positions ahead of potential winter-driven demand spikes.