Analyst Jason Gabelman from TD Cowen maintained a Buy rating on Cheniere Energy and increased the price target to $270.00 from $265.00.
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Jason Gabelman has given his Buy rating due to a combination of factors including Cheniere Energy’s strategic financial maneuvers and operational achievements. The company’s proactive approach in repurchasing shares has been a key factor in defending its stock at lower levels, which is expected to enhance free cash flow per share over time. Additionally, Cheniere Energy’s focus on high-quality, long-duration fixed fee earnings and accretive growth further solidifies its position as a top pick.
Another critical aspect influencing the Buy rating is the company’s improved financial guidance, particularly regarding its tax rate and EBITDA projections. The reduction in tax burden under the OBBB has allowed for an increase in the company’s discounted cash flow-based price target. Furthermore, Cheniere Energy’s progress in its projects, such as the completion of Stage 3 Train 2 and the anticipated completion of future trains, underscores its robust operational capabilities and potential for future growth.
In another report released on July 30, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $268.00 price target.