Credit Suisse Group AG initiated coverage on shares of Cheniere Energy Inc. (NYSEMKT:LNG) in a report issued on Wednesday. The brokerage issued an outperform rating and a $53.00 price target on the stock.
Several other equities analysts also recently commented on LNG. Scotiabank raised shares of Cheniere Energy from a sector perform rating to a sector outperform rating and set a $52.00 price objective for the company in a research note on Tuesday, June 14th. Morgan Stanley reissued an overweight rating on shares of Cheniere Energy in a research note on Wednesday, June 29th. JPMorgan Chase & Co. reissued a buy rating on shares of Cheniere Energy in a research note on Tuesday, June 28th. Zacks Investment Research downgraded shares of Cheniere Energy from a buy rating to a hold rating in a research note on Thursday, July 7th. Finally, Barclays PLC dropped their price objective on shares of Cheniere Energy from $64.00 to $53.00 and set an overweight rating for the company in a research note on Tuesday, September 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $54.50.
Cheniere Energy (NYSEMKT:LNG) opened at 41.07 on Wednesday. The stock has a 50 day moving average of $43.12 and a 200 day moving average of $38.90. The firm’s market cap is $9.38 billion. Cheniere Energy has a one year low of $22.80 and a one year high of $51.96.
Cheniere Energy (NYSEMKT:LNG) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.46) by $0.15. The company had revenue of $176.80 million for the quarter, compared to analyst estimates of $64.08 million. The company’s revenue for the quarter was up 160.0% on a year-over-year basis. Equities research analysts predict that Cheniere Energy will post ($1.97) EPS for the current fiscal year.
In other news, Director G Andrea Botta sold 9,018 shares of the firm’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $44.95, for a total transaction of $405,359.10. Following the completion of the transaction, the director now owns 39,530 shares of the company’s stock, valued at $1,776,873.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jack A. Fusco purchased 35,063 shares of the company’s stock in a transaction dated Monday, September 19th. The shares were acquired at an average cost of $42.78 per share, with a total value of $1,499,995.14. Following the purchase, the insider now directly owns 340,824 shares of the company’s stock, valued at approximately $14,580,450.72. The disclosure for this purchase can be found here.
Several institutional investors have recently added to or reduced their stakes in LNG. Whittier Trust Co. of Nevada Inc. purchased a new stake in Cheniere Energy during the second quarter valued at $101,000. Mizuho Asset Management Co. Ltd. boosted its stake in Cheniere Energy by 77.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,688 shares of the company’s stock valued at $101,000 after buying an additional 1,171 shares during the period. Independent Portfolio Consultants Inc. boosted its stake in Cheniere Energy by 11.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,040 shares of the company’s stock valued at $114,000 after buying an additional 315 shares during the period. US Bancorp DE boosted its stake in Cheniere Energy by 63.0% in the second quarter. US Bancorp DE now owns 3,596 shares of the company’s stock valued at $134,000 after buying an additional 1,390 shares during the period. Finally, LS Investment Advisors LLC boosted its stake in Cheniere Energy by 19.3% in the second quarter. LS Investment Advisors LLC now owns 3,852 shares of the company’s stock valued at $145,000 after buying an additional 623 shares during the period.
Cheniere Energy Company Profile
Cheniere Energy, Inc 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 The Company owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners, L.P.
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