TipRanksStock Market NewsLNG NewsRaymond James Believes Cheniere Energy (LNG) Won’t Stop Here

Raymond James Believes Cheniere Energy (LNG) Won’t Stop Here

In a report released today, Justin Jenkins from Raymond James maintained a Buy rating on Cheniere Energy (LNGResearch Report), with a price target of $178.00. The company’s shares closed last Friday at $147.96, close to its 52-week high of $150.61.

According to TipRanks.com, Jenkins is a 5-star analyst with an average return of 10.0% and a 62.1% success rate. Jenkins covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Dcp Midstream Partners, and Aris Water Solutions.

Currently, the analyst consensus on Cheniere Energy is a Strong Buy with an average price target of $179.11, implying a 25.9% upside from current levels. In a report issued on August 1, Evercore ISI also maintained a Buy rating on the stock with a $174.00 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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