Deutsche Bank Initiates Coverage on Cheniere Energy (LNG)
Stock analysts at Deutsche Bank started coverage on shares of Cheniere Energy (NYSE:LNG) in a report issued on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $39.00 price target on the stock. Deutsche Bank’s price target would suggest a potential upside of 17.79% from the company’s current price.
In other Cheniere Energy news, VP R Keith Teague sold 20,000 shares of Cheniere Energy stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $32.75, for a total transaction of $655,000.00. Following the completion of the sale, the vice president now directly owns 1,211,932 shares in the company, valued at approximately $39,690,773. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Cheniere Energy (NYSE:LNG) traded up 1.47% during mid-day trading on Friday, hitting $33.5954. 1,536,227 shares of the company’s stock traded hands. Cheniere Energy has a one year low of $13.85 and a one year high of $33.83. The stock’s 50-day moving average is $29.79 and its 200-day moving average is $28.46. The company’s market cap is $7.304 billion.
Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Friday, August 2nd. The company reported ($0.71) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by $0.33. The company had revenue of $67.20 million for the quarter, compared to the consensus estimate of $66.10 million. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts predict that Cheniere Energy will post $-0.83 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “hold” rating on shares of Cheniere Energy (NYSE:LNG) in a research note to investors on Tuesday, July 9th. Analysts at Credit Suisse initiated coverage on shares of Cheniere Energy (NYSE:LNG) in a research note to investors on Tuesday, July 2nd. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $33.62.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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