Credit Suisse Believes Cheniere Energy (LNG) Still Has Room to Grow

In a report released yesterday, Jens Zimmermann from Credit Suisse maintained a Buy rating on Cheniere Energy (LNGResearch Report), with a price target of $165.00. The company’s shares closed last Monday at $139.92, close to its 52-week high of $150.00.

According to TipRanks.com, Zimmermann is ranked #1448 out of 7947 analysts.

Currently, the analyst consensus on Cheniere Energy is a Strong Buy with an average price target of $174.60, a 28.4% upside from current levels. In a report issued on July 12, RBC Capital also maintained a Buy rating on the stock with a $179.00 price target.

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Based on Cheniere Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $7.48 billion and GAAP net loss of $865 million. In comparison, last year the company earned revenue of $3.09 billion and had a net profit of $393 million.

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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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