Cheniere Energy (NYSEAMERICAN:LNG) was upgraded by equities research analysts at TheStreet from a “d+” rating to a “c” rating in a research note issued to investors on Wednesday.
A number of other brokerages have also issued reports on LNG. Scotiabank reissued a “buy” rating and set a $65.00 target price on shares of Cheniere Energy in a research note on Monday, January 29th. Zacks Investment Research lowered shares of 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 objective (up from $56.00) on shares of Cheniere Energy in a research note on Wednesday. Finally, Morgan Stanley upped their price objective on shares of Cheniere Energy from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. Cheniere Energy presently has an average rating of “Hold” and a consensus target price of $58.09.
Shares of Cheniere Energy (NYSEAMERICAN:LNG) opened at $56.24 on Wednesday. The stock has a market cap of $13,370.00, a price-to-earnings ratio of -33.08 and a beta of 1.72. Cheniere Energy has a one year low of $40.36 and a one year high of $60.22.
Cheniere Energy (NYSEAMERICAN:LNG) last issued its earnings results on Wednesday, February 21st. The energy company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.19. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations 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 in the prior year, the firm posted $0.25 earnings per share.
In other Cheniere Energy news, Director Nuno Brandolini sold 20,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $50.02, for a total transaction of $1,000,400.00. Following the completion of the sale, the director now directly owns 232,271 shares of the company’s stock, valued at $11,618,195.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Vicky A. Bailey sold 5,800 shares of the 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 sale, the director now directly owns 35,765 shares of the company’s stock, valued at $1,947,046.60. The disclosure for this sale can be found here.
Several hedge funds have recently added to or reduced their stakes in LNG. First Interstate Bank lifted its position in shares of Cheniere Energy by 2,873.0% during the fourth quarter. First Interstate Bank now owns 2,973 shares of the energy company’s stock valued at $160,000 after buying an additional 2,873 shares during the last quarter. Shamrock Asset Management LLC purchased a new stake in shares of Cheniere Energy during the third quarter valued at about $196,000. Nine Chapters Capital Management LLC purchased a new stake in shares of Cheniere Energy during the third quarter valued at about $207,000. Fiduciary Trust Co. purchased a new stake in shares of Cheniere Energy during the fourth quarter valued at about $207,000. Finally, BB&T Securities LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter valued at about $209,000.
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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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