UBS Keeps Buy Rating on Cheniere Energy (LNG)

Cheniere Energy, Inc. (NYSE:LNG) is one of the 10 Best Oil and Gas Stocks to Buy Now. On June 16, UBS maintained its “Buy” rating on Cheniere Energy, Inc. (NYSE:LNG) with a $277 price target. The firm highlighted the company’s plans to expand and its shareholder return strategy.

UBS pointed out Cheniere Energy, Inc.’s (NYSE:LNG) SPL expansion project, which will add a total production capacity of about 20 million tonnes per annum (mtpa) of liquefied natural gas (LNG). The company aims to achieve this through three liquefaction trains, each with a capacity of around 6 mtpa. The project also includes debottlenecking opportunities. UBS estimates the total cost of this project will be between $15 billion and $18 billion.

Cheniere Energy, Inc. (NYSE:LNG) still has about $3.5 billion left under its share buyback program. The company aims to repurchase $4 billion worth of shares by 2027. UBS analysts highlighted that the management team expects to complete the authorized buybacks ahead of schedule.

Cheniere Energy, Inc. (NYSE:LNG) is an American energy company primarily engaged in LNG-related businesses. It is the leading producer and exporter of LNG in the US.

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