Cheniere Energy Coverage Initiated at Goldman Sachs Group Inc. (LNG)
Investment analysts at Goldman Sachs Group Inc. began coverage on shares of Cheniere Energy (NYSE:LNG) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Cheniere Energy (NYSE:LNG) traded up 4.41% on Tuesday, hitting $45.21. The stock had a trading volume of 6,740,373 shares. Cheniere Energy has a 1-year low of $19.64 and a 1-year high of $46.39. The stock has a 50-day moving average of $42.12 and a 200-day moving average of $34.73. The company’s market cap is $9.979 billion.
Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Friday, November 8th. The company reported ($0.46) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.56) by $0.10. The company had revenue of $67.70 million for the quarter, compared to the consensus estimate of $65.61 million. During the same quarter in the previous year, the company posted ($0.67) earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts predict that Cheniere Energy will post $-1.54 earnings per share for the current fiscal year.
LNG has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Cheniere Energy from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, December 25th. They now have a $46.30 price target on the stock. Separately, analysts at BTIG Research raised their price target on shares of Cheniere Energy to $55.00 in a research note to investors on Monday, November 18th. Finally, analysts at Deutsche Bank raised their price target on shares of Cheniere Energy from $39.00 to $47.00 in a research note to investors on Wednesday, October 16th. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Cheniere Energy presently has a consensus rating of “Buy” and an average target price of $48.04.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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