BMO Capital Reiterates Outperform Rating on Cheniere Energy (LNG)

BMO Capital analyst Ameet Thakkar reiterated an Outperform rating and $254.00 price target on Cheniere Energy (NYSE: LNG).

The analyst comments "LNG shares have fallen ~20% since the start of 4Q as rising supply has pressured global LNG prices and narrowed U.S. LNG export spreads. Unsurprisingly, the sharp move has increasingly raised questions from investors about downside risk to Cheniere given the company's marketing volume sensitivity to spreads despite ~90% of total volumes contracted under fixed take-or-pay agreements. Below we outline high-level sensitivities and valuation floors based solely on Cheniere's take-or-pay contracts."

For an analyst ratings summary and ratings history on Cheniere Energy click here. For more ratings news on Cheniere Energy click here.

Shares of Cheniere Energy closed at $189.28 yesterday.

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