Cheniere Energy (NYSEAMERICAN:LNG) had its target price hoisted by stock analysts at Morgan Stanley from $59.00 to $60.00 in a research note issued to investors on Thursday. The brokerage currently has an “equal weight” rating on the energy company’s stock. Morgan Stanley’s price target would indicate a potential upside of 5.26% from the stock’s current price.
A number of other research firms also recently commented on LNG. Scotiabank reaffirmed a “buy” rating and issued a $65.00 price target on shares of Cheniere Energy in a research note on Monday, January 29th. Zacks Investment Research downgraded Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Tuesday. Guggenheim reaffirmed a “buy” rating on shares of Cheniere Energy in a research note on Friday, February 16th. Cowen reaffirmed a “market perform” rating and issued a $62.00 price target (up previously from $56.00) on shares of Cheniere Energy in a research note on Wednesday. Finally, Barclays set a $65.00 price target on Cheniere Energy and gave the company a “buy” rating in a research note on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. Cheniere Energy currently has a consensus rating of “Hold” and a consensus target price of $58.09.
Cheniere Energy (LNG) traded up $0.27 during mid-day trading on Thursday, reaching $57.00. The company had a trading volume of 164,509 shares, compared to its average volume of 2,118,903. The firm has a market capitalization of $13,700.00, a P/E ratio of -32.39 and a beta of 1.72. Cheniere Energy has a fifty-two week low of $40.36 and a fifty-two week high of $60.22.
Cheniere Energy (NYSEAMERICAN:LNG) last posted its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.19. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.54 billion. The firm’s revenue for the quarter was up 205.2% compared to the same quarter last year. During the same period last year, the firm earned $0.25 EPS.
In other news, 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 sale, the director now directly owns 232,271 shares in the company, valued at $11,618,195.42. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Vicky A. Bailey sold 5,800 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $54.44, for a total value of $315,752.00. Following the sale, the director now owns 35,765 shares in the company, valued at $1,947,046.60. The disclosure for this sale can be found here.
Several large investors have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB grew its holdings in shares of Cheniere Energy by 12.2% during the fourth quarter. Xact Kapitalforvaltning AB now owns 21,360 shares of the energy company’s stock worth $1,150,000 after purchasing an additional 2,319 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Cheniere Energy by 177.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,652 shares of the energy company’s stock worth $1,059,000 after purchasing an additional 12,572 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Cheniere Energy by 37.6% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 109,471 shares of the energy company’s stock worth $5,894,000 after purchasing an additional 29,925 shares during the last quarter. Stony Point Wealth Management Inc. bought a new stake in shares of Cheniere Energy during the fourth quarter worth about $422,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in shares of Cheniere Energy by 61.9% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 10,200 shares of the energy company’s stock worth $549,000 after purchasing an additional 3,900 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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