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.
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.
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