Cheniere Energy, Inc. (LNG) Receives Average Rating of “Buy” from Brokerages

Shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) have received a consensus recommendation of “Buy” from the thirteen ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $58.00.

A number of analysts have weighed in on LNG shares. Guggenheim reissued a “buy” rating on shares of Cheniere Energy in a research report on Friday. Barclays set a $65.00 target price on shares of Cheniere Energy and gave the company a “buy” rating in a research report on Monday, February 12th. Morgan Stanley increased their target price on shares of Cheniere Energy from $50.00 to $59.00 and gave the company an “equal weight” rating in a research report on Monday, February 12th. Zacks Investment Research raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Scotiabank reissued a “buy” rating and set a $65.00 target price on shares of Cheniere Energy in a research report on Monday, January 29th.

In other Cheniere Energy news, Director Vicky A. Bailey sold 5,800 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $54.44, for a total transaction of $315,752.00. Following the transaction, the director now directly owns 35,765 shares in the company, valued at approximately $1,947,046.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Nuno Brandolini sold 20,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $50.02, for a total value of $1,000,400.00. Following the transaction, the director now owns 232,271 shares in the company, valued at $11,618,195.42. The disclosure for this sale can be found here.

Institutional investors have recently bought and sold shares of the business. Point72 Asset Management L.P. boosted its holdings in shares of Cheniere Energy by 899.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,050,944 shares of the energy company’s stock worth $47,335,000 after buying an additional 945,777 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Cheniere Energy by 22.1% in the 2nd quarter. Janus Henderson Group PLC now owns 42,389 shares of the energy company’s stock worth $2,065,000 after purchasing an additional 7,667 shares in the last quarter. Brookfield Asset Management Inc. lifted its holdings in shares of Cheniere Energy by 43.3% in the 2nd quarter. Brookfield Asset Management Inc. now owns 1,873,390 shares of the energy company’s stock worth $91,253,000 after purchasing an additional 566,100 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Cheniere Energy by 1.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 368,680 shares of the energy company’s stock worth $16,582,000 after purchasing an additional 4,247 shares in the last quarter. Finally, Hennessy Advisors Inc. lifted its holdings in shares of Cheniere Energy by 6.5% in the 3rd quarter. Hennessy Advisors Inc. now owns 1,600,417 shares of the energy company’s stock worth $72,083,000 after purchasing an additional 98,000 shares in the last quarter.

Cheniere Energy (LNG) opened at $57.64 on Friday. Cheniere Energy has a 52 week low of $40.36 and a 52 week high of $60.22. The stock has a market capitalization of $13,700.00, a P/E ratio of -32.75 and a beta of 1.72.

Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings data on Tuesday, November 14th. The energy company reported ($1.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($1.08). The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the company earned ($0.41) earnings per share. Cheniere Energy’s revenue for the quarter was up 201.7% compared to the same quarter last year.

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About Cheniere Energy

Cheniere Energy, Inc (Cheniere) is an energy company primarily engaged in liquefied natural gas (LNG)-related businesses. The Company operates through two segments: LNG terminal business, and LNG and natural gas marketing business. Its LNG terminal segment consists of the Sabine Pass and Corpus Christi LNG terminals.

Analyst Recommendations for Cheniere Energy (NYSEAMERICAN:LNG)

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