Should you buy Cheniere LNG stock?

Tudor, Pickering and Holt analysts have a buy rating on LNG stock with a price target of 136. The number of Cheniere LNG cargoes rose by 18% to 153 year-over-year. LNG exports have climbed in recent months as Cheniere completed its Sabine Pass expansion amid increased global demand for LNG.

What is Cheniere LNG?

Cheniere is a full-service LNG provider, sourcing gas for its facilities and allowing customers to load cargoes at Cheniere’s LNG facilities or receive them at regasification facilities around the world. To date, approximately 300 cumulative LNG cargoes have been exported from the Sabine Pass LNG facility.

How much LNG will Cheniere's subsidiaries buy?

Under the SPAs with Cheniere’s subsidiaries, Corpus Christi Liquefaction, LLC and Cheniere Marketing International LLP, CNPC subsidiary PetroChina International Company Limited will purchase approximately 1.2 million tonnes per annum of LNG, with a portion of the supply beginning in 2018 and the balance beginning in 2023.