Cheniere Energy Receives Consensus Rating of “Buy” from Analysts (NYSE:LNG)
Shares of Cheniere Energy (NYSE:LNG) have earned an average rating of “Buy” from the ten brokerages that are covering the company, Analyst RN reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $68.25.
Shares of Cheniere Energy (NYSE:LNG) traded down 1.07% on Tuesday, hitting $70.31. 406,133 shares of the company’s stock traded hands. Cheniere Energy has a 1-year low of $26.72 and a 1-year high of $76.46. The stock has a 50-day moving average of $71.67 and a 200-day moving average of $59.0. The company’s market cap is $15.721 billion. Cheniere Energy also saw a large increase in short interest in July. As of July 31st, there was short interest totalling 17,464,210 shares, an increase of 1.4% from the July 15th total of 17,219,178 shares. Approximately 7.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,345,147 shares, the short-interest ratio is presently 7.4 days.
Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, July 31st. The company reported ($0.90) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted ($0.71) earnings per share. Cheniere Energy’s revenue was up .6% compared to the same quarter last year. On average, analysts predict that Cheniere Energy will post $-1.18 earnings per share for the current fiscal year.
In other Cheniere Energy news, VP Jean Abiteboul sold 50,000 shares of the stock on the open market in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $71.24, for a total value of $3,562,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on LNG shares. Analysts at Zacks upgraded shares of Cheniere Energy from a “neutral” rating to an “outperform” rating in a research note on Monday. They now have a $77.00 price target on the stock. Separately, 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. Finally, 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.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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