Natural Gas Price Rallies After Chesapeake Energy Lowers Output
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 21 2024
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Source: Benzinga
U.S. natural gas prices surge 13% after Chesapeake Energy cuts production.
Warm winter pressures heating fuel demand, impacting natural gas and heating oil futures.
Analyst Views on UNG
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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Current: 13.430
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Current: 13.430
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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.
