Cheniere Energy’s (LNG) Outperform Rating Reaffirmed at Credit Suisse Group AG
Several other brokerages also recently commented on LNG. Barclays PLC dropped their target price on shares of Cheniere Energy from $64.00 to $53.00 and set an overweight rating on the stock in a report on Tuesday, September 6th. Howard Weil upgraded shares of Cheniere Energy from a sector perform rating to a sector outperform rating and set a $52.00 price objective on the stock in a report on Tuesday, June 14th. Finally, Wolfe Research started coverage on shares of Cheniere Energy in a report on Wednesday, June 22nd. They issued an outperform rating on the stock.
Shares of Cheniere Energy (AMEX:LNG) opened at 41.71 on Wednesday. The company’s 50 day moving average is $43.33 and its 200 day moving average is $38.70. Cheniere Energy has a 12-month low of $22.80 and a 12-month high of $51.96. The company’s market capitalization is $9.52 billion.
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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