Raymond James Initiates Coverage on Cheniere Energy (LNG)
Raymond James started coverage on shares of Cheniere Energy (NYSE:LNG) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
Cheniere Energy (NYSE:LNG) opened at 66.69 on Tuesday. Cheniere Energy has a 1-year low of $25.02 and a 1-year high of $69.40. The stock’s 50-day moving average is $59.3 and its 200-day moving average is $50.58. The company’s market cap is $14.886 billion.
Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.04. The company had revenue of $67.55 million for the quarter, compared to the consensus estimate of $66.09 million. During the same quarter in the previous year, the company posted ($0.54) earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Analysts expect that Cheniere Energy will post $-1.36 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Cheniere Energy in a research note on Monday, June 2nd. They now have a $75.00 price target on the stock, up previously from $65.00. Separately, analysts at Goldman Sachs raised their price target on shares of Cheniere Energy to $70.00 in a research note on Friday, May 30th. Finally, analysts at Barclays raised their price target on shares of Cheniere Energy from $54.00 to $59.00 in a research note on Monday, May 5th. They now have an “equal weight” rating on the stock. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $65.66.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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