Cheniere Energy (LNG) has recently achieved significant milestones, including the substantial completion of Train 1 at its Corpus Christi Stage 3 project ahead of schedule and on budget. Additionally, the company received FERC approval for Midscale Trains 8 and 9, which will enhance its production capacity. These developments position LNG well to meet growing global LNG demand and strengthen its position as a leading LNG exporter.
Based on the bullish MACD and the company's positive news, LNG is expected to rise to 233.51. The stock shows a buy signal due to its strong fundamentals and technical indicators.
Recommendation: Buy LNG with a target price of 233.51.
The price of LNG is predicted to go up 4.37%, based on the high correlation periods with CWAN. The similarity of these two price pattern on the periods is 91.87%.
LNG
CWAN
At $600-$700/ton for incremental capacity expansion projects, Cheniere has some of the lowest-cost LNG projects on the global cost curve, well below the U.S. average of $800/ton and similar targets by Australian LNG producers.
Cheniere's contracts are very strong, with no price reopeners, no linkage to oil prices, and flexibility on delivery points.
Cheniere should have billions of dollars to deploy over the next few years toward stock repurchases, dividends or distributions, or further LNG projects.
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