Stifel Nicolaus analyst Benjamin Nolan maintained a Buy rating on Cheniere Energy (LNG – Research Report) today and set a price target of $208.00. The company’s shares closed last Friday at $157.54.
Nolan covers the Industrials sector, focusing on stocks such as Norfolk Southern, Union Pacific, and Canadian National Railway. According to TipRanks, Nolan has an average return of 20.1% and a 67.63% success rate on recommended stocks.
Currently, the analyst consensus on Cheniere Energy is a Strong Buy with an average price target of $199.73, implying a 26.78% upside from current levels. In a report released on May 3, Jefferies also maintained a Buy rating on the stock with a $217.00 price target.
Based on Cheniere Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.82 billion and a net profit of $1.38 billion. In comparison, last year the company earned a revenue of $9.09 billion and had a net profit of $3.94 billion
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Cheniere Energy (LNG) Company Description:
Cheniere Energy, Inc. engages in liquefied natural gas (LNG) related businesses. It owns and operates LNG terminals, and develops, constructs, and operates liquefaction projects near Corpus Christi, Texas, and at the Sabine Pass LNG terminal. The company was founded by Charif Souki in 1983 and is headquartered in Houston, TX.
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