Cheniere Energy (NYSEAMERICAN:LNG) was upgraded by analysts at Cowen from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, The Fly reports. The firm currently has a $76.00 target price on the energy company’s stock. Cowen’s price target suggests a potential upside of 9.59% from the stock’s current price.

LNG has been the subject of a number of other research reports. Barclays set a $77.00 target price on Cheniere Energy and gave the company a “buy” rating in a report on Thursday, July 5th. BMO Capital Markets restated a “buy” rating and set a $81.00 target price on shares of Cheniere Energy in a report on Friday, July 13th. US Capital Advisors restated a “buy” rating on shares of Cheniere Energy in a report on Tuesday, July 17th. Zacks Investment Research downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Finally, Scotiabank set a $82.00 target price on Cheniere Energy and gave the company a “buy” rating in a report on Monday, August 20th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $71.18.

Shares of NYSEAMERICAN:LNG traded up $0.79 during trading on Wednesday, reaching $69.35. 132,837 shares of the company traded hands, compared to its average volume of 2,212,925. Cheniere Energy has a 52-week low of $43.46 and a 52-week high of $69.50.

Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings data on Thursday, August 9th. The energy company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.32). The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.64 billion. The business’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same period in the previous year, the business posted ($1.23) earnings per share.

In other Cheniere Energy news, Director Nuno Brandolini sold 20,000 shares of the stock in a transaction on Friday, June 29th. The stock was sold at an average price of $65.00, for a total value of $1,300,000.00. Following the completion of the transaction, the director now owns 224,204 shares in the company, valued at $14,573,260. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Several large investors have recently modified their holdings of the company. Institutional & Family Asset Management LLC purchased a new stake in shares of Cheniere Energy during the first quarter valued at $121,000. Cerebellum GP LLC purchased a new stake in shares of Cheniere Energy during the second quarter valued at $174,000. Exencial Wealth Advisors LLC purchased a new stake in shares of Cheniere Energy during the second quarter valued at $202,000. Atlantic Trust LLC purchased a new stake in shares of Cheniere Energy during the second quarter valued at $205,000. Finally, Centaurus Financial Inc. purchased a new stake in shares of Cheniere Energy during the second quarter valued at $212,000.

About Cheniere Energy

Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company operates in two segments, LNG Terminal Business, and LNG and Natural Gas Marketing. It owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.

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Analyst Recommendations for Cheniere Energy (NYSEAMERICAN:LNG)

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