Cheniere Energy Partners stock is forming a base showing a 58.59 buy point with its next quarterly report set for May 4. The entry is based on a second-stage cup with handle. The oil & gas stock earns 97 Relative Strength Rating. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Understand that jumping into a stock right as it gets ready to report means you likely won't have enough time to build a profit cushion before the release. That leaves you exposed to a sudden downturn if the company doesn't deliver the type of numbers analysts were expecting. You can reduce your risk by waiting to see the actual numbers and the market's reaction. You can also use an options strategy to limit your potential downside.
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Earnings growth rose last quarter from 0% to 43%. But sales fell from 137% to 63%.
Analysts expect earnings growth of 8% for the quarter, and a 6% gain for the full year.
Cheniere Energy Partners stock has a 96 Composite Rating and holds the No. 6 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Flex Lng, Pembina Pipeline and DCP Midstream are among the top 5 highly rated stocks within the group.
Note: Dates for earnings reports are subject to change. Check the company's website for any updates.
