Jim Cramer Recommends These 2 LNG Stocks for the “Long Haul”

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

Number of Hedge Fund Holders: 65

Cheniere Energy, Inc. (NYSE:LNG) is a leading LNG company that owns and operates two of the biggest LNG terminals in the U.S., the Sabine Pass LNG terminal in Louisiana and the Corpus Christi LNG terminal in Texas. Jim Cramer named Cheniere Energy, Inc. (NYSE:LNG) among his favorite pure-play LNG stocks for the “long haul”. Cramer noted that for the first half of 2022, Cheniere Energy, Inc. (NYSE:LNG) accounted for roughly 11% of the world’s LNG volumes. Cramer sees upside to the stock and forecasts the company to grow its EPS to $16 by 2023. Jim Cramer also said that Cheniere Energy, Inc. (NYSE:LNG) is continually expanding its facilities and therefore has the ability to offset price drops in LNG with volumes.

On August 4, Cheniere Energy, Inc. (NYSE:LNG) announced earnings for the fiscal second quarter of 2022. The company grew its revenue by 165% for the quarter and reported a revenue of $8 billion, outperforming expectations by $1.59 billion. As of September 12, Cheniere Energy, Inc. (NYSE:LNG) has gained 57.7% year to date and is offering a forward dividend yield of 0.80%.

Wall Street is bullish on Cheniere Energy, Inc. (NYSE:LNG). This August, Barclays analyst Marc Solecitto raised his price target on Cheniere Energy, Inc. (NYSE:LNG) to $186 from $160 and reiterated an Overweight rating on the shares. The analyst noted that Cheniere Energy, Inc. (NYSE:LNG) is one of his favorite picks.

At the close of Q2 2022, 65 hedge funds were long Cheniere Energy, Inc. (NYSE:LNG) and held stakes worth $2.39 billion in the company. As of June 30, Icahn Capital LP is the largest investor in the company and owns over 5.6 million shares. The investment covers 3.57% of Carl Icahn’s 13F portfolio.

You can also take a look at 15 Best Jim Cramer Stocks to Buy Now and 10 Stocks Jim Cramer and Ken Fisher Have in Common.

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