Cheniere Energy, Inc. (LNG) Receives $56.57 Average Target Price from Analysts
Shares of Cheniere Energy, Inc. (NYSEMKT:LNG) have received an average recommendation of “Buy” from the twelve ratings firms that are presently covering the company. Two research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $56.57.
Several equities research analysts have recently issued reports on LNG shares. Zacks Investment Research upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Tuesday, September 6th. Credit Suisse Group AG restated an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, October 12th. Finally, Barclays PLC lowered their target price on shares of Cheniere Energy from $64.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, September 6th.
Cheniere Energy (NYSEMKT:LNG) opened at 40.61 on Monday. The company’s 50 day moving average is $39.39 and its 200 day moving average is $39.30. Cheniere Energy has a 12 month low of $22.80 and a 12 month high of $49.29. The stock’s market cap is $9.30 billion.
Cheniere Energy (NYSEMKT:LNG) last released its quarterly earnings data on Thursday, November 3rd. The company reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.36) by $0.05. The business had revenue of $465.67 million for the quarter, compared to analyst estimates of $233.49 million. During the same period in the prior year, the business earned ($1.31) EPS. The firm’s revenue was up 604.5% compared to the same quarter last year. On average, analysts anticipate that Cheniere Energy will post ($1.66) EPS for the current fiscal year.
In other news, insider Jack A. Fusco acquired 37,007 shares of the business’s stock in a transaction dated Monday, October 17th. The shares were purchased at an average price of $40.53 per share, with a total value of $1,499,893.71. Following the transaction, the insider now directly owns 359,328 shares in the company, valued at $14,563,563.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jack A. Fusco acquired 35,063 shares of the business’s stock in a transaction dated Monday, September 19th. The stock was purchased at an average cost of $42.78 per share, for a total transaction of $1,499,995.14. Following the transaction, the insider now owns 340,824 shares in the company, valued at $14,580,450.72. The disclosure for this purchase can be found here.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Cheniere Energy during the second quarter worth about $101,000. Mizuho Asset Management Co. Ltd. boosted its stake in Cheniere Energy by 77.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,688 shares of the company’s stock worth $101,000 after buying an additional 1,171 shares during the period. First Quadrant L P CA bought a new stake in Cheniere Energy during the third quarter worth approximately $118,000. Independent Portfolio Consultants Inc. boosted its stake in Cheniere Energy by 11.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,040 shares of the company’s stock worth $114,000 after buying an additional 315 shares during the period. Finally, US Bancorp DE boosted its stake in Cheniere Energy by 63.0% in the second quarter. US Bancorp DE now owns 3,596 shares of the company’s stock worth $134,000 after buying an additional 1,390 shares during the period.
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Cheniere Energy Company Profile
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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