Cheniere Energy (LNG) Receives a Buy from RBC Capital

RBC Capital analyst Elvira Scotto maintained a Buy rating on Cheniere Energy on November 24 and set a price target of $282.00. The company’s shares closed yesterday at $204.58.

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According to TipRanks, Scotto is a 5-star analyst with an average return of 11.4% and a 63.67% success rate. Scotto covers the Energy sector, focusing on stocks such as Williams Co, Cheniere Energy, and Cheniere Energy Partners.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cheniere Energy with a $272.07 average price target, which is a 32.99% upside from current levels. In a report released on November 21, J.P. Morgan also maintained a Buy rating on the stock with a $286.00 price target.

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.