Barclays reaffirmed their buy rating on shares of Cheniere Energy (NYSEAMERICAN:LNG) in a research note issued to investors on Friday, January 19th. Barclays currently has a $62.00 price target on the energy company’s stock.
Several other brokerages have also recently issued reports on LNG. Citigroup lifted their target price on shares of Cheniere Energy from $57.00 to $59.00 and gave the stock a buy rating in a research note on Thursday, November 16th. BidaskClub cut shares of Cheniere Energy from a hold rating to a sell rating in a research note on Friday, October 27th. Scotiabank reissued a buy rating and set a $52.00 price target on shares of Cheniere Energy in a research report on Wednesday, October 25th. Zacks Investment Research raised shares of Cheniere Energy from a strong sell rating to a hold rating in a research report on Monday, January 8th. Finally, Cowen started coverage on shares of Cheniere Energy in a research report on Friday, November 17th. They set a market perform rating and a $56.00 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 issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $57.45.
Cheniere Energy (NYSEAMERICAN LNG) traded up $0.78 during mid-day trading on Friday, reaching $58.18. 1,492,845 shares of the company were exchanged, compared to its average volume of 2,201,756. Cheniere Energy has a one year low of $40.36 and a one year high of $60.22. The firm has a market cap of $13,810.00, a PE ratio of -32.61 and a beta of 1.72.
Cheniere Energy (NYSEAMERICAN:LNG) last announced its quarterly earnings data on Tuesday, November 14th. The energy company reported ($1.24) EPS for the quarter, missing the consensus estimate of ($0.16) by ($1.08). The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.27 billion. The company’s revenue for the quarter 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 Vicky A. Bailey sold 5,800 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $54.44, for a total value of $315,752.00. Following the transaction, the director now directly owns 35,765 shares in the company, valued at $1,947,046.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David B. Kilpatrick sold 20,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $49.15, for a total transaction of $983,000.00. Following the completion of the transaction, the director now owns 2,464 shares in the company, valued at $121,105.60. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock worth $2,299,152 over the last quarter.
A number of institutional investors have recently made changes to their positions in LNG. Franklin Resources Inc. boosted its holdings in shares of Cheniere Energy by 1,522.1% in the second quarter. Franklin Resources Inc. now owns 320,850 shares of the energy company’s stock valued at $15,629,000 after acquiring an additional 301,070 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Cheniere Energy by 4.8% in the second quarter. Alliancebernstein L.P. now owns 142,767 shares of the energy company’s stock valued at $6,954,000 after acquiring an additional 6,481 shares during the period. Teachers Advisors LLC boosted its holdings in shares of Cheniere Energy by 1.2% in the second quarter. Teachers Advisors LLC now owns 315,798 shares of the energy company’s stock valued at $15,383,000 after acquiring an additional 3,891 shares during the period. Amalgamated Bank boosted its holdings in shares of Cheniere Energy by 91.0% in the second quarter. Amalgamated Bank now owns 20,703 shares of the energy company’s stock valued at $1,008,000 after acquiring an additional 9,863 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in shares of Cheniere Energy by 2.3% in the second quarter. ProShare Advisors LLC now owns 20,976 shares of the energy company’s stock valued at $1,022,000 after acquiring an additional 462 shares during the period.
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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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