Monday, December 5, 2011
Cheniere Energy shares given new $19 price target by Citigroup analysts
Equities research analysts at Citigroup raised their price target on shares of Cheniere Energy Inc. (NYSE: LNG) to $19.00 in a research issued note to investors on Nov. 23. They currently have a buy rating on the company's shares.
Cheniere is an energy company primarily engaged in liquefied natural gas (LNG)-related businesses.
The company owns and operates the Sabine Pass LNG receiving terminal in Louisiana through its 90.6 percent ownership interest in and management agreements with Cheniere Energy Partners, L.P. (Cheniere Partners). It also owns and operates the Creole Trail Pipeline, which interconnects the Sabine Pass LNG receiving terminal with downstream markets.
One of its subsidiaries, Cheniere Marketing, LLC, is marketing LNG and natural gas. It owns 30percent of the limited partnership interests of Freeport LNG Development, L.P., which operates the Freeport LNG receiving terminal. In addition, it is engaged to a limited extent in oil and natural gas exploration and development activities in the Gulf of Mexico.