Wall Street analysts forecast that Cheniere Energy, Inc. (NYSE:LNG) will announce sales of $1.26 billion for the current quarter, according to Zacks. Two analysts have made estimates for Cheniere Energy’s earnings, with the highest sales estimate coming in at $1.30 billion and the lowest estimate coming in at $1.21 billion. Cheniere Energy reported sales of $465.67 million during the same quarter last year, which would suggest a positive year over year growth rate of 170.6%. The company is scheduled to announce its next earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that Cheniere Energy will report full-year sales of $1.26 billion for the current financial year, with estimates ranging from $5.08 billion to $5.17 billion. For the next year, analysts expect that the firm will report sales of $5.95 billion per share, with estimates ranging from $5.61 billion to $6.37 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Cheniere Energy.

A number of brokerages have recently issued reports on LNG. BidaskClub upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. BMO Capital Markets initiated coverage on Cheniere Energy in a research report on Monday, September 25th. They set an “outperform” rating and a $60.00 target price on the stock. ValuEngine lowered Cheniere Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Scotiabank set a $52.00 price objective on Cheniere Energy and gave the company a “buy” rating in a report on Friday, July 21st. Finally, Zacks Investment Research lowered Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Cheniere Energy presently has a consensus rating of “Buy” and an average price target of $54.82.

In related news, CFO Michael J. Wortley bought 5,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was acquired at an average cost of $41.96 per share, with a total value of $209,800.00. Following the purchase, the chief financial officer now directly owns 433,830 shares of the company’s stock, valued at $18,203,506.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jack A. Fusco bought 23,750 shares of the business’s stock in a transaction on Monday, September 11th. The stock was bought at an average cost of $42.32 per share, with a total value of $1,005,100.00. Following the completion of the purchase, the insider now directly owns 399,985 shares in the company, valued at $16,927,365.20. The disclosure for this purchase can be found here. Insiders acquired a total of 29,750 shares of company stock worth $1,257,000 in the last 90 days.

Several institutional investors and hedge funds have recently modified their holdings of the business. Atria Investments LLC increased its stake in shares of Cheniere Energy by 0.4% in the 2nd quarter. Atria Investments LLC now owns 6,804 shares of the energy company’s stock worth $331,000 after acquiring an additional 24 shares during the last quarter. Sii Investments Inc. WI increased its position in shares of Cheniere Energy by 0.7% during the 2nd quarter. Sii Investments Inc. WI now owns 9,424 shares of the energy company’s stock worth $461,000 after purchasing an additional 66 shares during the last quarter. Pointe Capital Management LLC increased its position in shares of Cheniere Energy by 0.5% during the 2nd quarter. Pointe Capital Management LLC now owns 15,055 shares of the energy company’s stock worth $733,000 after purchasing an additional 76 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Cheniere Energy by 0.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 14,532 shares of the energy company’s stock worth $708,000 after purchasing an additional 79 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its position in shares of Cheniere Energy by 2.1% during the 2nd quarter. Proficio Capital Partners LLC now owns 5,060 shares of the energy company’s stock worth $228,000 after purchasing an additional 102 shares during the last quarter.

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Shares of Cheniere Energy (NYSE LNG) opened at 46.87 on Monday. Cheniere Energy has a 52-week low of $35.07 and a 52-week high of $51.41. The company’s market cap is $10.90 billion. The stock’s 50 day moving average is $44.25 and its 200 day moving average is $45.99.

About Cheniere Energy

Cheniere Energy, Inc (Cheniere) is an energy company primarily engaged in liquefied natural gas (LNG)-related businesses. The Company operates through two segments: LNG terminal business, and LNG and natural gas marketing business. Its LNG terminal segment consists of the Sabine Pass and Corpus Christi LNG terminals.

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