Natural Gas Prices Spike As 'Bone-Chilling' Arctic Blast Approaches
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Natural Gas Market Update: U.S. natural gas futures experienced volatility, pulling back after reaching a 52-week high due to forecasts of an Arctic blast and potential disruptions in production, with prices currently trading about 6% lower at $3.70/MMBtu.
Impact of Global Events: Increased demand for U.S. liquid natural gas exports is being driven by the ongoing war in Ukraine and reduced Russian gas flows to Europe, contributing to upward pressure on domestic prices and significant gains in related ETFs.
Analyst Views on UNL
Wall Street analysts forecast UNL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UNL 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: 7.550
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Current: 7.550
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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.
