TD Cowen analyst Jason Gabelman maintained a Buy rating on Cheniere Energy (LNG – Research Report) today and set a price target of $265.00. The company’s shares closed yesterday at $239.95.
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Gabelman covers the Energy sector, focusing on stocks such as Exxon Mobil, BP, and Calumet Specialty Products. According to TipRanks, Gabelman has an average return of 7.7% and a 56.76% success rate on recommended stocks.
Currently, the analyst consensus on Cheniere Energy is a Strong Buy with an average price target of $260.83, which is an 8.70% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $253.00 price target.
Based on Cheniere Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.44 billion and a net profit of $353 million. In comparison, last year the company earned a revenue of $4.25 billion and had a net profit of $502 million
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.
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