Cheniere Energy, Inc. (NYSEAMERICAN:LNG) has been given an average recommendation of “Buy” by the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $54.75.
Several equities analysts recently weighed in on LNG shares. BMO Capital Markets started coverage on Cheniere Energy in a research report on Monday, September 25th. They set an “outperform” rating and a $60.00 target price on the stock. BidaskClub upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Scotiabank reiterated a “buy” rating and set a $52.00 target price on shares of Cheniere Energy in a research report on Wednesday, October 25th. JPMorgan Chase & Co. reduced their target price on Cheniere Energy from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 1st. Finally, Citigroup increased their target price on Cheniere Energy from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th.
In other news, Director David B. Kilpatrick sold 20,000 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $49.15, for a total value of $983,000.00. Following the completion of the sale, the director now owns 2,464 shares in the company, valued at $121,105.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Vicky A. Bailey sold 5,800 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $54.44, for a total value of $315,752.00. Following the completion of the sale, the director now owns 35,765 shares of the company’s stock, valued at approximately $1,947,046.60. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock valued at $2,299,152 over the last 90 days.
Several hedge funds have recently bought and sold shares of LNG. FMR LLC grew its stake in shares of Cheniere Energy by 482.7% in the second quarter. FMR LLC now owns 6,741,287 shares of the energy company’s stock valued at $328,368,000 after buying an additional 5,584,446 shares in the last quarter. CI Investments Inc. acquired a new stake in shares of Cheniere Energy in the third quarter valued at about $120,279,000. Cohen & Steers Inc. grew its stake in shares of Cheniere Energy by 92.1% in the third quarter. Cohen & Steers Inc. now owns 2,655,409 shares of the energy company’s stock valued at $119,600,000 after buying an additional 1,273,441 shares in the last quarter. Kensico Capital Management Corp grew its stake in shares of Cheniere Energy by 8.7% in the third quarter. Kensico Capital Management Corp now owns 12,185,000 shares of the energy company’s stock valued at $548,812,000 after buying an additional 973,400 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its stake in shares of Cheniere Energy by 899.3% in the third quarter. Point72 Asset Management L.P. now owns 1,050,944 shares of the energy company’s stock valued at $47,335,000 after buying an additional 945,777 shares in the last quarter.
Cheniere Energy (LNG) opened at $55.39 on Tuesday. Cheniere Energy has a 12-month low of $40.36 and a 12-month high of $56.80. The firm has a market capitalization of $13,180.00, a PE ratio of -31.47 and a beta of 1.81.
Cheniere Energy (NYSEAMERICAN:LNG) last released its earnings results on Tuesday, November 14th. The energy company reported ($1.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($1.08). The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the business earned ($0.41) EPS. The company’s revenue for the quarter was up 201.7% compared to the same quarter last year.
WARNING: This piece of content was reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.truebluetribune.com/2018/01/23/cheniere-energy-inc-lng-given-consensus-rating-of-buy-by-analysts.html.
Cheniere Energy Company Profile
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.
Receive News & Ratings for Cheniere Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy and related companies with MarketBeat.com's FREE daily email newsletter.