5 Best American Energy Stocks To Buy Now

In this article, we will take a look at the 5 best American energy stocks to buy now. To see more such companies, go directly to 13 Best American Energy Stocks To Buy Now.

5. Cheniere Energy, Inc. (NYSE:LNG)

Number of Hedge Fund Holders: 60

American LNG company Cheniere Energy, Inc. (NYSE:LNG) shares have gained about 16% year to date. In August the company said it reached an agreement to supply 800K metric tons/year of liquefied natural gas to BASF (OTCQX:BASFY) through 2043. During the second quarter, Cheniere Energy, Inc. (NYSE:LNG)’s second quarter GAAP EPS came in at $5.61 beating estimates by $2.88.

Insider Monkey’s database of 910 hedge funds shows that 60 hedge funds had stakes in Cheniere Energy, Inc. (NYSE:LNG) as of the end of the second quarter of 2023.

TimesSquare U.S. Mid Cap Growth Strategy made the following comment about Cheniere Energy, Inc. (NYSE:LNG) in its Q4 2022 investor letter:

“Within Energy, Cheniere Energy, Inc. (NYSE:LNG) is an energy infrastructure company that operates liquefied natural gas (LNG) terminals in Louisiana and Texas. Despite reporting inline for the latest quarter, its stock traded down -9%. Contributing factors were Europe had filled its storage ahead of the winter and a recent dip in natural gas pricing. The market for LNG is likely to remain tight for the next several years. Notably, Cheniere paid down $1.3 billion of long-term debt and repurchased $75 million of common stock during the quarter. Cheniere is well positioned to benefit from ongoing tightness in global gas markets.”