Cheniere Energy Receives Consensus Rating of “Hold” from Analysts (NYSE:LNG)
Shares of Cheniere Energy (NYSE:LNG) have been given an average recommendation of “Hold” by the eleven ratings firms that are currently covering the company, StockRatingsNetwork reports. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $69.44.
Shares of Cheniere Energy (NYSE:LNG) opened at 73.23 on Tuesday. Cheniere Energy has a 52-week low of $27.15 and a 52-week high of $76.46. The stock has a 50-day moving average of $72.1 and a 200-day moving average of $59.7. The company’s market cap is $16.374 billion.
Cheniere Energy (NYSE:LNG) last released its earnings data on Thursday, July 31st. The company reported ($0.90) earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted ($0.71) earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. Analysts expect that Cheniere Energy will post $-1.26 EPS for the current fiscal year.
LNG has been the subject of a number of recent research reports. Analysts at Howard Weil initiated coverage on shares of Cheniere Energy in a research note on Thursday. They set a “sector perform” rating and a $79.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Cheniere Energy from a “neutral” rating to an “outperform” rating in a research note on Monday, August 11th. They now have a $77.00 price target on the stock. Finally, 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.
In other Cheniere Energy news, VP Jean Abiteboul sold 50,000 shares of Cheniere Energy 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 is available at this link.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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