Cheniere Energy PT Raised to $65.00 at Barclays (LNG)
Equities research analysts at Barclays lifted their target price on shares of Cheniere Energy (NYSE:LNG) from $39.00 to $65.00 in a research note issued to investors on Tuesday, AmericanBankingNews.com reports. The firm currently has an “overweight” rating on the stock. Barclays’ target price suggests a potential upside of 50.12% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of Cheniere Energy in a research note to investors on Tuesday. They set a “neutral” rating and a $48.00 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Cheniere Energy in a research note to investors on Tuesday. They set an “overweight” rating and a $60.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Cheniere Energy in a research note to investors on Tuesday. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Cheniere Energy presently has an average rating of “Buy” and a consensus price target of $48.04.
Shares of Cheniere Energy (NYSE:LNG) traded up 5.10% during mid-day trading on Tuesday, hitting $45.51. The stock had a trading volume of 4,078,015 shares. Cheniere Energy has a 1-year low of $19.64 and a 1-year high of $46.39. The stock’s 50-day moving average is $41.98 and its 200-day moving average is $34.59. The company’s market cap is $10.046 billion.
Cheniere Energy (NYSE:LNG) last announced its earnings results on Friday, November 8th. The company reported ($0.46) earnings per share for the quarter, beating the analysts’ 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 prior year, the company posted ($0.67) earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Analysts expect that Cheniere Energy will post $-1.54 EPS for the current fiscal year.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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