U.S. natural gas inventory net change of +76 Bcf for week ended Oct 11 - EIA
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 17 2024
0mins
Source: SeekingAlpha
Natural Gas Stocks Update: For the week ending October 11, natural gas stocks increased to 3,705 Bcf from 3,629 Bcf the previous week, with a net change of +76 Bcf compared to +82 Bcf the week before.
Market Reaction: Natural gas futures rose by 0.90% to $2.39, while the consensus estimate for the net change in stocks was +80 Bcf.
Analyst Views on KOLD
Wall Street analysts forecast KOLD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KOLD 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: 22.400
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Current: 22.400
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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.
