Cheniere Energy Sets New 52-Week High at $77.48 (LNG)
Cheniere Energy (NYSE:LNG) hit a new 52-week high on Monday , Analyst RN reports. The company traded as high as $77.48 and last traded at $77.28, with a volume of 1,129,509 shares trading hands. The stock had previously closed at $75.43.
Several analysts have recently commented on the stock. Analysts at Howard Weil initiated coverage on shares of Cheniere Energy in a research note on Thursday, August 14th. 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. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Cheniere Energy currently has a consensus rating of “Hold” and a consensus target price of $69.44.
The stock’s 50-day moving average is $72.57 and its 200-day moving average is $60.89. The company’s market cap is $17.303 billion.
Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results 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 $-1.44 EPS for the current fiscal year.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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