Cheniere Energy (NYSEAMERICAN:LNG)‘s stock had its “buy” rating reissued by analysts at Guggenheim in a research report issued on Tuesday, MarketBeat Ratings reports. They currently have a $85.00 price target on the energy company’s stock. Guggenheim’s price target would indicate a potential upside of 40.31% from the company’s current price.

Several other brokerages also recently commented on LNG. Citigroup lowered their price objective on shares of Cheniere Energy from $73.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 29th. Goldman Sachs Group started coverage on shares of Cheniere Energy in a research report on Monday, October 8th. They set a “neutral” rating and a $77.00 price objective for the company. Bank of America restated a “buy” rating and set a $79.00 price objective on shares of Cheniere Energy in a research report on Tuesday, August 28th. Morgan Stanley upgraded shares of Cheniere Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $70.00 to $80.00 in a research report on Wednesday, September 26th. Finally, Barclays set a $78.00 price target on shares of Cheniere Energy and gave the stock a “buy” rating in a report on Friday, October 12th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $76.42.

Shares of LNG opened at $60.58 on Tuesday. Cheniere Energy has a one year low of $46.00 and a one year high of $71.03.

Cheniere Energy (NYSEAMERICAN:LNG) last announced its quarterly earnings data on Thursday, November 8th. The energy company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the company posted ($1.24) EPS. Cheniere Energy’s quarterly revenue was up 29.7% on a year-over-year basis.

In other news, Director David B. Kilpatrick sold 15,000 shares of the company’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $68.88, for a total transaction of $1,033,200.00. Following the completion of the transaction, the director now directly owns 4,397 shares in the company, valued at $302,865.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Sean N. Markowitz purchased 1,700 shares of the stock in a transaction dated Wednesday, November 14th. The shares were bought at an average price of $59.10 per share, with a total value of $100,470.00. Following the completion of the acquisition, the general counsel now directly owns 57,643 shares of the company’s stock, valued at approximately $3,406,701.30. The disclosure for this purchase can be found here.

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Cheniere Energy by 4.8% in the third quarter. Vanguard Group Inc. now owns 19,315,695 shares of the energy company’s stock worth $1,342,247,000 after purchasing an additional 890,140 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Cheniere Energy by 10.7% in the third quarter. Legal & General Group Plc now owns 925,446 shares of the energy company’s stock worth $64,309,000 after purchasing an additional 89,561 shares during the last quarter. Rehmann Capital Advisory Group grew its stake in shares of Cheniere Energy by 6,985.0% in the third quarter. Rehmann Capital Advisory Group now owns 76,022 shares of the energy company’s stock worth $1,094,000 after purchasing an additional 74,949 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Cheniere Energy by 41.2% in the third quarter. Nordea Investment Management AB now owns 13,574 shares of the energy company’s stock worth $943,000 after purchasing an additional 3,960 shares during the last quarter. Finally, Cohen & Steers Inc. grew its stake in shares of Cheniere Energy by 13.1% in the third quarter. Cohen & Steers Inc. now owns 2,509,254 shares of the energy company’s stock worth $174,368,000 after purchasing an additional 291,502 shares during the last quarter.

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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