Raymond James analyst Justin Jenkins maintained a Buy rating on Cheniere Energy (LNG – Research Report) on February 25 and set a price target of $150.00. The company’s shares closed last Friday at $129.25, close to its 52-week high of $139.50.
According to TipRanks.com, Jenkins is a 5-star analyst with an average return of 9.7% and a 64.8% success rate. Jenkins covers the Industrial Goods sector, focusing on stocks such as Holly Energy Partners, Plains All American, and Plains GP Holdings.
Currently, the analyst consensus on Cheniere Energy is a Strong Buy with an average price target of $141.91, a 10.0% upside from current levels. In a report issued on February 25, Wolfe Research also maintained a Buy rating on the stock with a $151.00 price target.
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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