Credit Suisse Initiates Coverage on Cheniere Energy (LNG)
Equities researchers at Credit Suisse began coverage on shares of Cheniere Energy (NYSE:LNG) in a research report issued on Tuesday, AmericanBankingNews.com reports. The firm set a “neutral” rating on the stock.
Shares of Cheniere Energy (NYSE:LNG) traded up 4.49% during mid-day trading on Tuesday, hitting $45.245. 3,046,838 shares of the company’s stock traded hands. 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 $9.987 billion.
Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data 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 last year, the company posted ($0.67) earnings per share. Cheniere Energy’s revenue was up 2.6% compared to the same quarter last year. On average, analysts predict that Cheniere Energy will post $-1.54 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on LNG. 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. Separately, 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. Finally, 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. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $43.33.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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