EU's Gas Import Ban: The European Union's decision to fully ban gas imports from Russia by 2027 is not expected to significantly impact global energy markets, as Europe has already reduced its reliance on Russian crude oil and pipeline gas.
Current Market Trends: The benchmark Dutch TTF contract remained stable at €28.06/MWh, influenced by mild temperatures and increased U.S. LNG imports, despite falling EU gas storage levels.
U.S. LNG Exports: U.S. LNG exports reached record highs in November, which is expected to help Europe meet its energy demand in the coming months.
U.S. Natural Gas Futures: Anticipated cold weather in December has driven U.S. natural gas futures to their highest levels since late December 2022, reflecting increased market activity.
Wall Street analysts forecast UNG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UNG is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast UNG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UNG is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 13.640
Low
Averages
High
Current: 13.640
Low
Averages
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
