Stifel Nicolaus Initiates Coverage on Cheniere Energy (LNG)

Equities research analysts at Stifel Nicolaus assumed coverage on shares of Cheniere Energy (NYSEAMERICAN:LNG) in a research note issued to investors on Thursday, The Fly reports. The brokerage set a “buy” rating on the energy company’s stock.

A number of other equities research analysts have also weighed in on LNG. BidaskClub upgraded shares of Cheniere Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 6th. BMO Capital Markets started coverage on shares of Cheniere Energy in a report on Monday, September 25th. They issued an “outperform” rating and a $60.00 target price on the stock. Scotiabank restated a “buy” rating and issued a $52.00 target price on shares of Cheniere Energy in a report on Wednesday, October 25th. JPMorgan Chase & Co. decreased their price objective on shares of Cheniere Energy from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, November 1st. Finally, Citigroup increased their price objective on shares of Cheniere Energy from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $53.50.

Cheniere Energy (LNG) traded up $0.57 on Thursday, hitting $55.27. 2,414,400 shares of the company were exchanged, compared to its average volume of 2,718,200. Cheniere Energy has a 12 month low of $40.36 and a 12 month high of $56.14. The firm has a market cap of $13,140.00, a price-to-earnings ratio of -31.40 and a beta of 1.81.

Cheniere Energy (NYSEAMERICAN:LNG) last posted its earnings results on Tuesday, November 14th. The energy company reported ($1.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($1.08). The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company earned ($0.41) EPS. Cheniere Energy’s revenue was up 201.7% compared to the same quarter last year.

In other news, Director Nuno Brandolini sold 20,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $50.02, for a total transaction of $1,000,400.00. Following the completion of the transaction, the director now directly owns 232,271 shares of the company’s stock, valued at approximately $11,618,195.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional investors have recently added to or reduced their stakes in the company. Atlantic Trust Group LLC bought a new position in Cheniere Energy in the 3rd quarter worth approximately $3,308,000. Chicago Partners Investment Group LLC bought a new position in Cheniere Energy in the 3rd quarter worth approximately $633,000. Steward Partners Investment Advisory LLC bought a new position in Cheniere Energy in the 3rd quarter worth approximately $236,000. Energy Opportunities Capital Management LLC bought a new position in Cheniere Energy in the 3rd quarter worth approximately $1,186,000. Finally, GSA Capital Partners LLP bought a new position in Cheniere Energy in the 3rd quarter valued at $561,000.

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Cheniere Energy Company Profile

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.

The Fly

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