Cheniere Energy (LNG) Gets a Buy from Bank of America Securities

Bank of America Securities analyst Jean Ann Salisbury reiterated a Buy rating on Cheniere Energy yesterday and set a price target of $274.00. The company’s shares closed yesterday at $213.30.

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Ann Salisbury covers the Energy sector, focusing on stocks such as Oneok, Targa Resources, and Cheniere Energy. According to TipRanks, Ann Salisbury has an average return of -2.9% and a 46.28% success rate on recommended stocks.

In addition to Bank of America Securities, Cheniere Energy also received a Buy from Bernstein’s Bob Brackett in a report issued on November 11. However, on October 31, TR | OpenAI – 4o reiterated a Hold rating on Cheniere Energy (NYSE: LNG).

Based on Cheniere Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.44 billion and a net profit of $1.05 billion. In comparison, last year the company earned a revenue of $3.78 billion and had a net profit of $893 million

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LNG in relation to earlier this year. Earlier this month, Benjamin Moreland, a Director at LNG bought 5,000.00 shares for a total of $1,041,070.00.