Spot Charter Rates Increase: Spot charter rates for liquefied natural gas (LNG) tankers have risen significantly due to record-breaking exports from North America, with rates reaching $130,750/day, the highest since December 2023.
Potential for Further Rate Increases: Analysts suggest that charter rates could exceed $150,000/day for Atlantic Ocean journeys starting in late December, driven by increased demand and limited vessel availability.
Record LNG Exports: The 30-day moving average for North American LNG exports has hit a record high, increasing approximately 50% year-over-year, indicating strong production growth from new projects.
Key Companies and ETFs: Notable U.S. companies involved in LNG include Cheniere Energy, Venture Global, and Exxon Mobil, with various ETFs also tracking the LNG market.
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.
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0 Sell
Current: 13.640
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Current: 13.640
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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.
