Natural Gas News: Will Strong Production Lead to Further Declines?
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
- Drop in U.S. Natural Gas Prices:
- Last week, U.S. natural gas prices fell over 6% due to increased production and changing weather patterns.
- Natural gas futures settled at $2.705, marking a significant decrease.
- Prices declined for the fifth time in six sessions driven by high production levels from the Appalachian region.
- Despite extreme heat boosting spot prices, rising production levels offset the impact on the market.
- The potential cooling rains from a tropical storm added uncertainty and contributed to bearish sentiment among traders.
Analyst Views on DIG
Wall Street analysts forecast DIG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DIG 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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Current: 42.580
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Current: 42.580
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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.
