Scotiabank reaffirmed their buy rating on shares of Cheniere Energy (NYSEAMERICAN:LNG) in a research report released on Monday, January 29th. The firm currently has a $65.00 target price on the energy company’s stock.
LNG has been the subject of several other research reports. Zacks Investment Research raised shares of Cheniere Energy from a strong sell rating to a hold rating in a report on Monday, January 8th. JPMorgan Chase & Co. dropped their price objective 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. BidaskClub raised shares of Cheniere Energy from a sell rating to a hold rating in a report on Tuesday, October 3rd. Barclays reissued a buy rating and set a $62.00 price target on shares of Cheniere Energy in a research note on Friday, January 19th. Finally, Stifel Nicolaus assumed coverage on shares of Cheniere Energy in a research note on Thursday, January 4th. They set a buy rating and a $65.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $57.45.
Cheniere Energy (NYSEAMERICAN:LNG) traded up $0.35 during mid-day trading on Monday, reaching $56.80. 140,624 shares of the company’s stock were exchanged, compared to its average volume of 2,154,092. Cheniere Energy has a one year low of $40.36 and a one year high of $60.22. The company has a market capitalization of $13,810.00, a PE ratio of -32.07 and a beta of 1.72.
Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings results 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 business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the business earned ($0.41) EPS. Cheniere Energy’s revenue for the quarter was up 201.7% on a year-over-year basis.
In other news, Director Vicky A. Bailey sold 5,800 shares of the business’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nuno Brandolini sold 20,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $50.02, for a total transaction of $1,000,400.00. Following the transaction, the director now owns 232,271 shares in the company, valued at $11,618,195.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,800 shares of company stock worth $2,299,152.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Kensico Capital Management Corp increased its position in Cheniere Energy by 8.7% during the 3rd quarter. Kensico Capital Management Corp now owns 12,185,000 shares of the energy company’s stock worth $548,812,000 after purchasing an additional 973,400 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its position in Cheniere Energy by 15.3% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 6,058,373 shares of the energy company’s stock valued at $272,869,000 after acquiring an additional 804,825 shares during the period. The Manufacturers Life Insurance Company increased its position in Cheniere Energy by 188.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,451,732 shares of the energy company’s stock valued at $185,841,000 after acquiring an additional 2,255,582 shares during the period. Macquarie Group Ltd. boosted its stake in shares of Cheniere Energy by 29.6% in the 3rd quarter. Macquarie Group Ltd. now owns 3,206,592 shares of the energy company’s stock valued at $144,425,000 after purchasing an additional 732,167 shares during the last quarter. Finally, Steadfast Capital Management LP boosted its stake in shares of Cheniere Energy by 44.2% in the 2nd quarter. Steadfast Capital Management LP now owns 2,741,466 shares of the energy company’s stock valued at $133,537,000 after purchasing an additional 839,724 shares during the last quarter.
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Cheniere Energy Company Profile
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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