In a report released today, Jean Ann Salisbury from Bank of America Securities reiterated a Buy rating on Cheniere Energy (LNG – Research Report), with a price target of $271.00. The company’s shares closed yesterday at $239.95.
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According to TipRanks, Ann Salisbury is a 4-star analyst with an average return of 11.3% and a 61.36% success rate. Ann Salisbury covers the Energy sector, focusing on stocks such as Exxon Mobil, Valero Energy, and Kinder Morgan.
Cheniere Energy has an analyst consensus of Strong Buy, with a price target consensus of $260.83, implying an 8.70% upside from current levels. In a report released today, Wells Fargo also maintained a Buy rating on the stock with a $267.00 price target.
The company has a one-year high of $257.65 and a one-year low of $167.66. Currently, Cheniere Energy has an average volume of 2.06M.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LNG in relation to earlier this year. Earlier this month, Neal Shear, a Director at LNG sold 4,300.00 shares for a total of $1,057,456.00.
Read More on LNG:
- Cheniere Energy price target raised to $271 from $258 at BofA
- Cheniere Energy price target raised to $267 from $253 at Wells Fargo
- Cheniere Energy Expands Corpus Christi Project
- Cheniere announces FID on Christi Midscale Trains 8 & 9, Debottlenecking project
- Cheniere Energy Declares Quarterly Cash Dividend