Scotiabank Lifts Price Target for Cheniere Energy (LNG)

Cheniere Energy, Inc. (NYSE:LNG) is one of the 12 Best American Energy Stocks to Buy Right Now. On July 15, Scotiabank increased its price target for Cheniere Energy, Inc. (NYSE:LNG) from $250 to $261 while keeping a Sector Outperform rating.

This decision came after the company updated its medium-term outlook in June. The update outlined a plan for Cheniere Energy, Inc. (NYSE:LNG) to reach nameplate production capacity of 100 million tonnes per annum (Mmtpa). It also highlighted prospects for strong cash flow generation.

Additionally, Cheniere Energy, Inc. (NYSE:LNG) announced the final investment decision for its Midscale trains 8 and 9. The company also announced two new brownfield expansions, the SPL Stage V and CCL Stage IV. These expansions will help increase the company’s capacity to around 73 Mmtpa.

Cheniere Energy, Inc. (NYSE:LNG) is an American energy company that is engaged in liquefied natural gas (LNG)-related businesses. The company is the leading producer and exporter of LNG in the United States.

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