Zacks Investment Research lowered shares of Cheniere Energy Inc. (NYSEMKT:LNG) from a hold rating to a sell rating in a research note published on Wednesday.

According to Zacks, “Cheniere Energy, Inc. is a Houston-based energy company primarily engaged in liquefied natural gas related businesses. The company owns and operates the Sabine Pass liquefied natural gas terminal in Louisiana through its 57.9% ownership interest in and management agreements with Cheniere Energy Partners, L.P. (Ticker: CQP), which is a publicly traded partnership that the company created in 2007. The Sabine Pass LNG terminal is located on the Sabine Pass deep water shipping channel less than four miles from the Gulf Coast. “

A number of other research firms also recently weighed in on LNG. Howard Weil raised Cheniere Energy from a sector perform rating to a sector outperform rating and set a $52.00 target price on the stock in a report on Tuesday, June 14th. Scotiabank raised Cheniere Energy from a sector perform rating to a sector outperform rating and set a $52.00 target price on the stock in a report on Tuesday, June 14th. Wolfe Research assumed coverage on Cheniere Energy in a report on Wednesday, June 22nd. They issued an outperform rating on the stock. Morgan Stanley reissued an overweight rating on shares of Cheniere Energy in a report on Wednesday, June 29th. Finally, JPMorgan Chase & Co. reissued a buy rating on shares of Cheniere Energy in a report on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $54.50.

Shares of Cheniere Energy (NYSEMKT:LNG) opened at 41.71 on Wednesday. The company has a 50-day moving average price of $43.33 and a 200 day moving average price of $38.70. The stock’s market cap is $9.52 billion. Cheniere Energy has a one year low of $22.80 and a one year high of $51.96.

Cheniere Energy (NYSEMKT:LNG) last released its earnings results on Tuesday, August 9th. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.46) by $0.15. The firm earned $176.80 million during the quarter, compared to analysts’ expectations of $64.08 million. The business’s revenue was up 160.0% compared to the same quarter last year. Equities research analysts expect that Cheniere Energy will post ($1.97) earnings per share for the current year.

In other news, Director Nuno Brandolini sold 8,999 shares of Cheniere Energy stock in a transaction on Friday, August 19th. The stock was sold at an average price of $45.34, for a total value of $408,014.66. Following the transaction, the director now directly owns 249,602 shares in the company, valued at approximately $11,316,954.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director G Andrea Botta sold 9,018 shares of Cheniere Energy stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $44.95, for a total value of $405,359.10. Following the completion of the transaction, the director now owns 39,530 shares in the company, valued at $1,776,873.50. The disclosure for this sale can be found here.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. British Columbia Investment Management Corp increased its position in shares of Cheniere Energy by 9.2% in the third quarter. British Columbia Investment Management Corp now owns 86,312 shares of the company’s stock worth $3,763,000 after buying an additional 7,251 shares in the last quarter. Addison Capital Co increased its position in shares of Cheniere Energy by 0.5% in the third quarter. Addison Capital Co now owns 40,767 shares of the company’s stock valued at $1,777,000 after buying an additional 208 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Cheniere Energy by 9.3% in the third quarter. BNP Paribas Arbitrage SA now owns 15,943 shares of the company’s stock valued at $695,000 after buying an additional 1,353 shares during the period. Macquarie Group Ltd. increased its position in shares of Cheniere Energy by 65.8% in the second quarter. Macquarie Group Ltd. now owns 1,156,800 shares of the company’s stock valued at $43,437,000 after buying an additional 459,100 shares during the period. Finally, Aldebaran Financial Inc. increased its position in shares of Cheniere Energy by 31.8% in the second quarter. Aldebaran Financial Inc. now owns 51,255 shares of the company’s stock valued at $1,930,000 after buying an additional 12,375 shares during the period.

About Cheniere Energy

Cheniere Energy, Inc 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 The Company owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners, L.P.

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