Cheniere Energy Price Target Increased to $47.00 by Analysts at Deutsche Bank (LNG)
Equities researchers at Deutsche Bank boosted their target price on shares of Cheniere Energy (NYSE:LNG) to $47.00 in a research report issued on Wednesday, AnalystRatings.NET reports. Deutsche Bank’s price target would indicate a potential upside of 27.47% from the stock’s previous close.
In other Cheniere Energy news, VP Jean Abiteboul sold 15,000 shares of Cheniere Energy stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $36.69, for a total value of $550,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Clarkson Capital initiated coverage on shares of Cheniere Energy in a research note to investors on Wednesday, October 9th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $36.40.
Shares of Cheniere Energy (NYSE:LNG) traded up 1.76% during mid-day trading on Wednesday, hitting $37.52. 1,971,630 shares of the company’s stock traded hands. Cheniere Energy has a one year low of $13.85 and a one year high of $38.09. The stock has a 50-day moving average of $32.45 and a 200-day moving average of $29.39. The company’s market cap is $8.157 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. Analysts expect that Cheniere Energy will post $-0.72 EPS for the current fiscal year.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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