12 Best Oil and Gas Stocks to Buy Right Now

5. Cheniere Energy, Inc. (NYSE:LNG)

Number of Hedge Fund Holders: 76

Cheniere Energy, Inc. (NYSE:LNG) is one of the best oil and gas stocks to buy right now. On January 28, RBC Capital reduced its price target on Cheniere Energy, Inc. (NYSE:LNG) from $282 to $271 and maintained an Outperform rating on the stock. This update comes as the firm previews Q4 for US midstream companies.

RBC Capital noted that its estimate changes are being driven mainly by commodity price movements and production curtailments. The research firm added that natural gas-focused stocks underperformed the broader sector in the fourth quarter due to concerns around an AI bubble. However, RBC Capital continues to see the natural gas growth story positively and expects it to remain an important theme during earnings season.

Earlier, on January 25, Jefferies also reduced its price target on Cheniere Energy, Inc. (NYSE:LNG) from $290 to $251 and kept its Buy rating on the stock ahead of the company’s fourth-quarter earnings report.

Jefferies pointed out that investors are “universally bearish” on Cheniere Energy, Inc.’s (NYSE:LNG) outlook, but the firm is still “constructive” on the stock despite the possibility of volatility. The reduced price target reflects expectations for lower long-term capacity and weaker marketing margins. However, Jefferies believes that the company remains well-positioned due to its low leverage and solid level of contracted business.

Cheniere Energy, Inc. (NYSE:LNG) is an American energy company. It is the leading producer and exporter of liquefied natural gas (LNG) in the United States.