Stifel Nicolaus initiated coverage on shares of Cheniere Energy (NYSEAMERICAN:LNG) in a research note published on Thursday, January 4th, MarketBeat Ratings reports. The brokerage issued a buy rating and a $65.00 target price on the energy company’s stock.
Other equities analysts have also issued research reports about the stock. Scotiabank restated a buy rating and set a $52.00 target price on shares of Cheniere Energy in a research report on Wednesday, October 25th. Citigroup upped their target price on shares of Cheniere Energy from $57.00 to $59.00 and gave the stock a buy rating in a research report on Thursday, November 16th. BidaskClub upgraded shares of Cheniere Energy from a sell rating to a hold rating in a research report on Saturday, November 4th. Cowen began coverage on shares of Cheniere Energy in a research report on Friday, November 17th. They set a market perform rating and a $56.00 target price for the company. Finally, BMO Capital Markets began coverage on shares of Cheniere Energy in a research report on Monday, September 25th. They set an outperform rating and a $60.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $54.46.
Shares of Cheniere Energy (NYSEAMERICAN LNG) traded down $0.06 during mid-day trading on Thursday, reaching $53.88. 2,373,400 shares of the company’s stock were exchanged, compared to its average volume of 2,349,443. Cheniere Energy has a twelve month low of $40.36 and a twelve month high of $56.14. The stock has a market capitalization of $13,120.00, a PE ratio of -30.61 and a beta of 1.81.
Cheniere Energy (NYSEAMERICAN:LNG) last announced its quarterly earnings data on Tuesday, November 14th. The energy company reported ($1.24) earnings per share (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 analysts’ expectations of $1.27 billion. Cheniere Energy’s quarterly revenue was up 201.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.41) earnings per share.
In other Cheniere Energy news, Director David B. Kilpatrick sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $49.15, for a total transaction of $983,000.00. Following the transaction, the director now owns 2,464 shares of the company’s stock, valued at approximately $121,105.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Vicky A. Bailey sold 5,800 shares of the firm’s 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 transaction, the director now directly owns 35,765 shares in the company, valued at approximately $1,947,046.60. The disclosure for this sale can be found here. Insiders sold a total of 45,800 shares of company stock worth $2,299,152 in the last ninety days.
Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new stake in shares of Cheniere Energy in the 2nd quarter valued at about $121,000. Van ECK Associates Corp boosted its stake in 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 purchasing an additional 312 shares in the last quarter. Atlantic Trust LLC acquired a new stake in Cheniere Energy in the 2nd quarter worth approximately $175,000. Fiduciary Trust Co. acquired a new stake in Cheniere Energy in the 2nd quarter worth approximately $188,000. Finally, WINTON GROUP Ltd acquired a new stake in Cheniere Energy in the 2nd quarter worth approximately $203,000.
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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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