In a report released yesterday, Michael Blum from Wells Fargo maintained a Buy rating on Cheniere Energy (LNG – Research Report), with a price target of $267.00. The company’s shares closed yesterday at $239.95.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Blum covers the Energy sector, focusing on stocks such as Kinder Morgan, DT Midstream, and Plains All American. According to TipRanks, Blum has an average return of 10.5% and a 65.85% success rate on recommended stocks.
Cheniere Energy has an analyst consensus of Strong Buy, with a price target consensus 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.
Read More on LNG: