Cheniere Energy Inc. Hits New 52-Week High at $46.70 (LNG)
Shares of Cheniere Energy (NYSE:LNG) hit a new 52-week high on Wednesday, Stock Ratings Network.com reports. The company traded as high as $46.70 and last traded at $46.28, with a volume of 5,211,676 shares trading hands. The stock had previously closed at $45.21.
A number of research firms have recently commented on LNG. Analysts at Barclays raised their price target on shares of Cheniere Energy from $39.00 to $65.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $48.04.
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 $10.209 billion.
Cheniere Energy (NYSE:LNG) last announced its earnings results on Friday, November 8th. The company reported ($0.46) EPS for the quarter, beating the Thomson Reuters 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 revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts predict that Cheniere Energy will post $-1.17 earnings per share for the current fiscal year.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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