Cheniere Energy Given Consensus Rating of “Buy” by Brokerages (NYSE:LNG)
Cheniere Energy (NYSE:LNG) has been given a consensus recommendation of “Buy” by the ten ratings firms that are presently covering the stock, Analyst RN reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $64.47.
In other Cheniere Energy news, VP Greg Rayford unloaded 30,000 shares of the stock on the open market in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $54.28, for a total value of $1,628,400.00. Following the sale, the vice president now directly owns 902,406 shares of the company’s stock, valued at approximately $48,982,598. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on LNG shares. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Cheniere Energy in a research note on Thursday, April 17th. They now have a $62.00 price target on the stock. Separately, analysts at Morgan Stanley downgraded shares of Cheniere Energy to a “buy” rating in a research note on Wednesday, April 16th. They now have a $74.00 price target on the stock, up previously from $67.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Cheniere Energy in a research note on Wednesday, April 16th. They now have a $74.00 price target on the stock, up previously from $67.00.
Cheniere Energy (NYSE:LNG) opened at 57.75 on Friday. Cheniere Energy has a 1-year low of $25.02 and a 1-year high of $59.39. The stock’s 50-day moving average is $54.56 and its 200-day moving average is $45.59. The company’s market cap is $12.879 billion.
Cheniere Energy (NYSE:LNG) last announced its earnings results on Friday, February 21st. The company reported ($0.61) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.38) by $0.23. The company had revenue of $68.19 million for the quarter, compared to the consensus estimate of $65.29 million. Analysts expect that Cheniere Energy will post $-1.42 EPS for the current fiscal year.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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