Cheniere Energy Hits New 12-Month High at $69.59 (LNG)
Cheniere Energy (NYSE:LNG) shares hit a new 52-week high during mid-day trading on Tuesday , Analyst Ratings News reports. The stock traded as high as $69.59 and last traded at $68.70, with a volume of 809,969 shares traded. The stock had previously closed at $68.50.
A number of analysts have recently weighed in on LNG shares. Analysts at Raymond James initiated coverage on shares of Cheniere Energy in a research note on Tuesday, June 10th. They set a “market perform” rating on the stock. Separately, 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. Finally, analysts at Goldman Sachs raised their price target on shares of Cheniere Energy to $70.00 in a research note on Friday, May 30th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $65.66.
The stock has a 50-day moving average of $62.41 and a 200-day moving average of $52.40. The company’s market cap is $15.113 billion.
Cheniere Energy (NYSE:LNG) last released its earnings data on Thursday, May 1st. The company reported ($0.23) EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.54) earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. On average, analysts predict that Cheniere Energy will post $-1.23 earnings per share for the current fiscal year.
In other Cheniere Energy news, VP R Keith Teague unloaded 25,000 shares of the company’s stock on the open market in a transaction dated Monday, June 16th. The shares were sold at an average price of $66.94, for a total transaction of $1,673,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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