Cheniere Energy (NYSEAMERICAN:LNG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

According to Zacks, “Cheniere Energy – with its first-mover advantage in exporting liquefied natural gas from the U.S. – is primed for significant revenue and earnings growth. The company is the only LNG exporter of the U.S. and plans to turn the natural gas glut into export revolution, currently exporting to over 20 countries. Further, Cheniere Energy's long term contracts protect its future income and lowers exposure to commodity price fluctuations, while offering excellent cash flow visibility. The company's recent gas supply deals with Poland, Lithuania and South Korea is likely to boost its revenue growth trajectory in the coming years. However, setting up natural gas liquefaction plants is a costly affair that requires high capital spending. This has translated into a huge debt burden for the company, thereby deteriorating its leverage and credit metrics. Therefore, we take a cautious stance on the prospects of the stock.”

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus began coverage on shares of Cheniere Energy in a research report on Thursday, January 4th. They issued a “buy” rating and a $65.00 target price for the company. Cowen began coverage on shares of Cheniere Energy in a research report on Friday, November 17th. They issued a “market perform” rating and a $56.00 target price for the company. Citigroup increased their target price on shares of Cheniere Energy from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, November 16th. BidaskClub cut shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Finally, Scotiabank reiterated a “buy” rating and issued a $52.00 target price on shares of Cheniere Energy in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $55.88.

Shares of Cheniere Energy (NYSEAMERICAN LNG) opened at $56.01 on Friday. The company has a market cap of $13,310.00, a PE ratio of -31.82 and a beta of 1.72. Cheniere Energy has a 12-month low of $40.36 and a 12-month high of $60.22.

Cheniere Energy (NYSEAMERICAN:LNG) last issued its earnings results on Tuesday, November 14th. The energy company reported ($1.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($1.08). The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.27 billion. The firm’s revenue was up 201.7% on a year-over-year basis. During the same period last year, the business earned ($0.41) EPS.

In other Cheniere Energy news, Director Vicky A. Bailey sold 5,800 shares of Cheniere Energy stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $54.44, for a total transaction of $315,752.00. Following the completion of the sale, the director now directly owns 35,765 shares in the company, valued at $1,947,046.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Nuno Brandolini sold 20,000 shares of Cheniere Energy stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $50.02, for a total transaction of $1,000,400.00. Following the sale, the director now owns 232,271 shares of the company’s stock, valued at $11,618,195.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,800 shares of company stock valued at $2,299,152.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sii Investments Inc. WI increased its position in shares of Cheniere Energy by 0.7% during the second quarter. Sii Investments Inc. WI now owns 9,424 shares of the energy company’s stock valued at $461,000 after acquiring an additional 66 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Cheniere Energy by 0.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 14,532 shares of the energy company’s stock valued at $708,000 after acquiring an additional 79 shares during the last quarter. Kingfisher Capital LLC increased its position in shares of Cheniere Energy by 0.4% during the second quarter. Kingfisher Capital LLC now owns 34,644 shares of the energy company’s stock valued at $1,688,000 after acquiring an additional 155 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Cheniere Energy by 0.6% during the second quarter. Public Employees Retirement System of Ohio now owns 91,167 shares of the energy company’s stock valued at $4,441,000 after acquiring an additional 586 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Cheniere Energy by 8.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,492 shares of the energy company’s stock valued at $462,000 after acquiring an additional 733 shares during the last quarter.

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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.

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