Barclays Sticks to Its Buy Rating for Cheniere Energy (LNG)
In a report released today, Theresa Chen from Barclays maintained a Buy rating on Cheniere Energy, with a price target of $262.00.
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According to TipRanks, Chen is a 5-star analyst with an average return of 15.9% and a 72.00% success rate. Chen covers the Energy sector, focusing on stocks such as Phillips 66, Williams Co, and Valero Energy.
Currently, the analyst consensus on Cheniere Energy is a Strong Buy with an average price target of $271.00.
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.
Read More on LNG:
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- Cheniere Energy price target lowered to $257 from $261 at Scotiabank
- Cheniere Energy price target raised to $266 from $261 at Bernstein
- Cheniere Energy downgraded to Hold from Buy at Erste Group
- Cheniere Energy’s Strong Q3: Financial Gains & Strategic Progress
- Cheniere Energy’s Strong Buyback Strategy and Financial Position Justify Buy Rating
