Cheniere Energy Upgraded to “Outperform” at Zacks (LNG)
Cheniere Energy (NYSE:LNG) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Monday. The firm currently has a $77.00 price objective on the stock. Zacks‘s price objective points to a potential upside of 8.88% from the company’s current price.
Shares of Cheniere Energy (NYSE:LNG) traded up 0.86% on Monday, hitting $71.33. 1,162,033 shares of the company’s stock traded hands. Cheniere Energy has a 52-week low of $26.72 and a 52-week high of $76.46. The stock has a 50-day moving average of $71.5 and a 200-day moving average of $58.79. The company’s market cap is $15.950 billion.
Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.90) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.33) by $0.57. The company had revenue of $67.65 million for the quarter, compared to the consensus estimate of $66.44 million. During the same quarter in the prior year, the company posted ($0.71) earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. Analysts expect that Cheniere Energy will post $-1.18 EPS for the current fiscal year.
In other Cheniere Energy news, VP Jean Abiteboul sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $71.24, for a total transaction of $3,562,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
LNG has been the subject of a number of other recent research reports. 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. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $68.25.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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