Cheniere Energy’s (LNG) “Buy” Rating Reaffirmed at Barclays
Cheniere Energy (NYSEAMERICAN:LNG)‘s stock had its “buy” rating reaffirmed by equities research analysts at Barclays in a research report issued to clients and investors on Friday. They presently have a $62.00 price target on the energy company’s stock. Barclays’ price target points to a potential upside of 12.10% from the stock’s previous close.
A number of other equities research analysts have also commented on LNG. BMO Capital Markets started coverage on shares of Cheniere Energy in a report on Monday, September 25th. They set an “outperform” rating and a $60.00 price target for the company. BidaskClub upgraded shares of Cheniere Energy from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Scotiabank reiterated a “buy” rating and set a $52.00 price target on shares of Cheniere Energy in a report on Wednesday, October 25th. JPMorgan Chase & Co. lowered their price target on shares of Cheniere Energy from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, November 1st. Finally, Citigroup upped their price target on shares of Cheniere Energy from $57.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. Cheniere Energy currently has an average rating of “Buy” and an average target price of $54.79.
Shares of Cheniere Energy (NYSEAMERICAN LNG) opened at $55.31 on Friday. The firm has a market cap of $13,000.00, a P/E ratio of -31.43 and a beta of 1.81. Cheniere Energy has a 1-year low of $40.36 and a 1-year high of $56.80.
Cheniere Energy (NYSEAMERICAN:LNG) last announced its quarterly earnings data on Tuesday, November 14th. The energy company reported ($1.24) earnings per share 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 analysts’ expectations of $1.27 billion. The business’s revenue was up 201.7% on a year-over-year basis. During the same period last year, the firm posted ($0.41) EPS.
In other Cheniere Energy news, Director Nuno Brandolini sold 20,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $50.02, for a total value of $1,000,400.00. Following the completion of the transaction, the director now directly owns 232,271 shares in the company, valued at approximately $11,618,195.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Vicky A. Bailey sold 5,800 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 35,765 shares of the company’s stock, valued at $1,947,046.60. The disclosure for this sale can be found here. Insiders sold a total of 45,800 shares of company stock valued at $2,299,152 over the last 90 days.
Hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC purchased a new stake in shares of Cheniere Energy in the 2nd quarter worth about $121,000. Van ECK Associates Corp grew its position in shares of Cheniere Energy by 11.7% in the 2nd quarter. Van ECK Associates Corp now owns 2,987 shares of the energy company’s stock worth $145,000 after buying an additional 312 shares during the period. Atlantic Trust LLC purchased a new stake in shares of Cheniere Energy in the 2nd quarter worth about $175,000. WINTON GROUP Ltd purchased a new stake in shares of Cheniere Energy in the 2nd quarter worth about $203,000. Finally, Colony Group LLC purchased a new stake in shares of Cheniere Energy in the 2nd quarter worth about $211,000.
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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