Goldman Sachs Sticks to Their Buy Rating for Cheniere Energy (LNG)
In a report released yesterday, John Mackay from Goldman Sachs maintained a Buy rating on Cheniere Energy, with a price target of $276.00. The company’s shares closed yesterday at $248.93.
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Mackay covers the Energy sector, focusing on stocks such as Williams Co, Venture Global, Inc. Class A, and Cheniere Energy. According to TipRanks, Mackay has an average return of 23.3% and a 69.47% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cheniere Energy with a $267.31 average price target, a 7.38% upside from current levels. In a report released today, UBS also maintained a Buy rating on the stock with a $301.00 price target.
Based on Cheniere Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.32 billion and a net profit of $2.3 billion. In comparison, last year the company earned a revenue of $4.53 billion and had a net profit of $977 million
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