Stifel has revised its price target for Cheniere Energy (LNG, Financial), bringing it down from $255 to $247 while maintaining a Buy rating on the shares. The adjustment comes as the firm anticipates a significant influx of liquefied natural gas (LNG) entering the market over the next two years, which is expected to exert downward pressure on LNG prices.
Despite potential price declines, increased activity is anticipated within the sector due to favorable regulatory conditions in the United States. The firm predicts that several U.S. LNG projects will likely reach the final investment decision stage within the next 6 to 12 months, marking a period of substantial development for the industry.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 23 analysts, the average target price for Cheniere Energy Inc (LNG, Financial) is $254.53 with a high estimate of $282.00 and a low estimate of $229.00. The average target implies an upside of 13.96% from the current price of $223.34. More detailed estimate data can be found on the Cheniere Energy Inc (LNG) Forecast page.
Based on the consensus recommendation from 25 brokerage firms, Cheniere Energy Inc's (LNG, Financial) average brokerage recommendation is currently 1.6, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Cheniere Energy Inc (LNG, Financial) in one year is $163.55, suggesting a downside of 26.77% from the current price of $223.34. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Cheniere Energy Inc (LNG) Summary page.
