Cheniere Energy has the Highest Beta in the Oil & Gas Storage & Transportation Industry (LNG, FRO, OSG)
3 hours 34 minutes ago - Financial News Network Online - News Corner
Below are the three companies in the Oil & Gas Storage & Transportation industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.Cheniere Energy (AMEX:LNG) is highest with a beta of 2.0. Cheniere Energy, Inc., through subsidiaries, develops liquefied natural gas terminals, and explores for oil and natural gas. The Company explores for oil and gas in the Gulf of Mexico. Cheniere Energy (AMEX:LNG) has potential upside of 24.3% based on a current price of $15.89 and analysts' consensus price target of $19.75. The stock should discover initial support at its 50-day moving average (MA) of $15.15 and subsequent support at its 200-day MA of $14.36.