Cheniere Energy Earns Neutral Rating from Analysts at Alembic Global Advisors (LNG)
Analysts at Alembic Global Advisors initiated coverage on shares of Cheniere Energy (NYSE:LNG) in a research report issued to clients and investors on Wednesday. The firm set a “neutral” rating and a $83.00 price target on the stock. Alembic Global Advisors’ target price would indicate a potential upside of 0.91% from the company’s current price.
Cheniere Energy (NYSE:LNG) opened at 82.25 on Wednesday. Cheniere Energy has a 52-week low of $28.36 and a 52-week high of $82.98. The stock has a 50-day moving average of $73.85 and a 200-day moving average of $62.80. The company’s market cap is $18.391 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 $-1.44 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on LNG. Analysts at Barclays raised their price target on shares of Cheniere Energy from $79.00 to $93.00 in a research note on Tuesday. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $74.20.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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