Cheniere Energy (LNG – Research Report), the Energy sector company, was revisited by a Wall Street analyst today. Analyst Jason Gabelman from TD Cowen maintained a Buy rating on the stock and has a $250.00 price target.
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Jason Gabelman has given his Buy rating due to a combination of factors including Cheniere Energy’s conservative guidance for FY25 EBITDA, which suggests potential for upside as past performance showed they typically exceed initial estimates. The company’s financial capability to maintain substantial stock buybacks, even amid significant capital expenditure, indicates strong cash flow and balance sheet health, which are favorable for investors.
Furthermore, Cheniere has effectively managed its exposure to market fluctuations by hedging a significant portion of its uncontracted volume, thereby stabilizing its revenue streams. The positive progress in ramping up their Stage 3 project, alongside the company’s ability to meet increased European demand amid geopolitical dynamics, further solidifies the outlook for sustained growth and profitability.
According to TipRanks, Gabelman is a 4-star analyst with an average return of 6.6% and a 49.37% success rate. Gabelman covers the Energy sector, focusing on stocks such as Cheniere Energy, Exxon Mobil, and Phillips 66.
In another report released yesterday, Jefferies also reiterated a Buy rating on the stock with a $303.00 price target.