Cheniere Energy Given New $93.00 Price Target at Barclays (LNG)
Equities research analysts at Barclays raised their target price on shares of Cheniere Energy (NYSE:LNG) from $79.00 to $93.00 in a research note issued to investors on Tuesday. The firm currently has an “overweight” rating on the stock. Barclays’ price target would indicate a potential upside of 15.87% from the company’s current price.
Cheniere Energy (NYSE:LNG) traded up 1.93% during mid-day trading on Tuesday, hitting $81.81. The stock had a trading volume of 2,843,330 shares. Cheniere Energy has a 52-week low of $28.17 and a 52-week high of $80.64. The stock has a 50-day moving average of $73.49 and a 200-day moving average of $62.19. The company’s market cap is $18.293 billion.
Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results 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 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.
Other equities research analysts have also recently issued reports about 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. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $73.22.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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