BMO Capital Sticks to Its Buy Rating for Cheniere Energy Inc


In a report issued on July 12, Danilo Juvane from BMO Capital reiterated a Buy rating on Cheniere Energy Inc (NYSE: LNG), with a price target of $81. The company’s shares closed yesterday at $62.06.

According to TipRanks.com, Juvane is a 4-star analyst with an average return of 12.2% and a 70.8% success rate. Juvane covers the Basic Materials sector, focusing on stocks such as Cheniere Energy Partners LP Holdings LLC, Cheniere Energy Partners LP, and SemGroup.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cheniere Energy Inc with a $75.33 average price target, which is a 21.4% upside from current levels. In a report issued on July 5, Barclays also maintained a Buy rating on the stock with a $77 price target.

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Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock.

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Cheniere Energy, Inc. engages in liquefied natural gas (LNG) related businesses. It owns and operates LNG terminals; and develops, constructs, and operates liquefaction projects near Corpus Christi, Texas, and at the Sabine Pass LNG terminal. The company was founded by Charif Souki on February 21, 1996 and is headquartered in Houston, TX.

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