Cheniere Energy (LNG) Receives a Buy from Wells Fargo

Wells Fargo analyst Michael Blum maintained a Buy rating on Cheniere Energy today and set a price target of $284.00. The company’s shares opened today at $211.53.

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According to TipRanks, Blum is a 5-star analyst with an average return of 13.4% and a 63.87% success rate. Blum covers the Energy sector, focusing on stocks such as MPLX, Oneok, and Kinder Morgan.

In addition to Wells Fargo, Cheniere Energy also received a Buy from TD Cowen’s Jason Gabelman in a report issued on October 31. However, on the same day, 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