Cheniere Energy (LNG) Upgraded as Market Turns Overly Bearish on LNG

Cheniere Energy, Inc. (NYSE:LNG) ranks among the stocks with the lowest forward PE ratios. On January 25, Jefferies reduced its price target for Cheniere Energy, Inc. (NYSE:LNG) to $251 from $290, maintaining its Buy rating heading into the company’s fourth-quarter earnings report. The firm stated that while investors are “universally bearish” on Cheniere’s outlook, it remains “constructive” on the company’s shares, despite the likelihood of near-term uncertainty.

In a similar vein, Wolfe Research upgraded Cheniere Energy, Inc. (NYSE:LNG) from Peer Perform to Outperform on January 14, establishing a $220 price target for the stock. The move comes after Wolfe Research previously downgraded Cheniere to Peer Perform in late April, citing competitor Woodside’s definitive investment decision on its LNG project, which had little contracts confirmed.

According to Wolfe, around 70 mtpa (10 bcf/d) of export project formal investment decisions were made in 2025, indicating that the market will be oversupplied by the end of the decade.

Despite these concerns, the firm feels “the bad news seems to be out there at this point” as many major U.S. projects have already moved on.

Cheniere Energy, Inc. (NYSE:LNG) is a US-based producer and exporter of liquefied natural gas, supplying LNG to utilities, energy traders, and integrated energy companies worldwide.

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Disclosure: None. This article is originally published at Insider Monkey.