Cheniere Energy, Inc. (LNG) Given Consensus Rating of “Buy” by Analysts

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.

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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.

Analyst Recommendations for Cheniere Energy (NYSEAMERICAN:LNG)

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