Evercore ISI Believes Cheniere Energy (LNG) Won’t Stop Here

In a report released yesterday, Sean Morgan from Evercore ISI maintained a Buy rating on Cheniere Energy (LNGResearch Report), with a price target of $152.00. The company’s shares closed last Tuesday at $133.63, close to its 52-week high of $143.40.

According to, Morgan is a 3-star analyst with an average return of 5.4% and a 50.0% success rate. Morgan covers the Industrial Goods sector, focusing on stocks such as New Fortress Energy, Dorian LPG, and Golar LNG.

Cheniere Energy has an analyst consensus of Strong Buy, with a price target consensus of $144.50, representing a 2.8% upside. In a report issued on February 25, Wolfe Research also maintained a Buy rating on the stock with a $151.00 price target.

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Based on Cheniere Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.56 billion and GAAP net loss of $1.32 billion. In comparison, last year the company earned revenue of $2.79 billion and had a GAAP net loss of $194 million.

Based on the recent corporate insider activity of 37 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.

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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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