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Wall Street Remains Bullish on Cheniere Energy

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Analyst ratings for Cheniere Energy

82% of analysts surveyed by Reuters rate Cheniere Energy (LNG) as a “buy” as of May 24, while the remaining 18% rate it as a “hold.” Bernstein upgraded Cheniere Energy to “buy.” Overall, Cheniere Energy has seen three rating updates since the start of this year including two new coverages and one rating upgrade.

Cheniere Energy’s subsidiaries, Cheniere Energy Partners (CQP) and Cheniere Energy Partners Holdings (CQH) have “hold” ratings from 50.0% and 72.7% of analysts, respectively.

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Upside potential

Cheniere Energy saw an upward target price revision following its final investment decision announcement on Train 3 at Corpus Christi. Guggenheim raised Cheniere Energy’s target price to $75 from $67. Cheniere Energy is currently trading below the low range of $62 of analysts’ target price. Cheniere Energy’s average target price of $64.2 implies a ~6% upside potential from the current price levels.

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