Cheniere Energy, Inc. (LNG) PT Raised to $59.00
Cheniere Energy, Inc. (NYSEAMERICAN:LNG) had its price objective boosted by equities researchers at Citigroup Inc. from $57.00 to $59.00 in a research note issued on Thursday. The brokerage presently has a “buy” rating on the energy company’s stock. Citigroup Inc.’s price objective indicates a potential upside of 21.15% from the stock’s current price.
LNG has been the subject of a number of other reports. BidaskClub downgraded Cheniere Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. BMO Capital Markets began coverage on Cheniere Energy in a report on Monday, September 25th. They issued an “outperform” rating and a $60.00 price target for the company. J P Morgan Chase & Co lowered their price target on Cheniere Energy from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, November 1st. Scotiabank reaffirmed a “buy” rating and issued a $52.00 price target on shares of Cheniere Energy in a report on Wednesday, October 25th. Finally, ValuEngine downgraded Cheniere Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Cheniere Energy has a consensus rating of “Buy” and a consensus price target of $53.50.
Cheniere Energy (NYSEAMERICAN LNG) opened at $48.70 on Thursday. Cheniere Energy has a 1 year low of $37.85 and a 1 year high of $51.51.
Cheniere Energy (NYSEAMERICAN:LNG) last announced its quarterly earnings results on Tuesday, November 14th. The energy company reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($1.08). The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.27 billion. The company’s revenue was up 201.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.41) earnings per share.
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In related news, insider Jack A. Fusco acquired 23,750 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were acquired at an average price of $42.32 per share, with a total value of $1,005,100.00. Following the completion of the purchase, the insider now directly owns 399,985 shares in the company, valued at $16,927,365.20. The purchase was disclosed in a document filed with the SEC, which is available through this link.
Large investors have recently modified their holdings of the business. Tortoise Capital Advisors L.L.C. raised its holdings in shares of Cheniere Energy by 15.3% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 6,058,373 shares of the energy company’s stock worth $272,869,000 after purchasing an additional 804,825 shares during the period. IFM Investors Pty Ltd purchased a new position in shares of Cheniere Energy in the 3rd quarter worth about $300,000. Neuberger Berman Group LLC raised its holdings in shares of Cheniere Energy by 1.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,465,511 shares of the energy company’s stock worth $111,047,000 after purchasing an additional 29,335 shares during the period. Point72 Asset Management L.P. raised its holdings in shares of Cheniere Energy by 899.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,050,944 shares of the energy company’s stock worth $47,335,000 after purchasing an additional 945,777 shares during the period. Finally, Kensico Capital Management Corp raised its holdings in shares of Cheniere Energy by 8.7% in the 3rd quarter. Kensico Capital Management Corp now owns 12,185,000 shares of the energy company’s stock worth $548,812,000 after purchasing an additional 973,400 shares during the period.
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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