Cheniere Energy (NYSEAMERICAN:LNG)‘s stock had its “buy” rating restated by investment analysts at Scotiabank in a research report issued on Monday. They presently have a $65.00 target price on the energy company’s stock. Scotiabank’s price target would indicate a potential upside of 9.87% from the stock’s current price.
A number of other research analysts also recently issued reports on LNG. Zacks Investment Research downgraded Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, January 17th. Barclays reaffirmed a “buy” rating and set a $62.00 price objective on shares of Cheniere Energy in a report on Friday, January 19th. Stifel Nicolaus started coverage on Cheniere Energy in a report on Thursday, January 4th. They set a “buy” rating and a $65.00 price target on the stock. BidaskClub upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. Finally, JPMorgan Chase & Co. cut their price objective on Cheniere Energy from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. Cheniere Energy currently has a consensus rating of “Buy” and an average price target of $55.88.
Shares of Cheniere Energy (NYSEAMERICAN LNG) traded down $0.83 during trading on Monday, reaching $59.16. The company’s stock had a trading volume of 1,342,159 shares, compared to its average volume of 2,143,710. The stock has a market capitalization of $14,180.00, a price-to-earnings ratio of -33.60 and a beta of 1.81. Cheniere Energy has a fifty-two week low of $40.36 and a fifty-two week high of $60.22.
In other news, Director David B. Kilpatrick sold 20,000 shares of Cheniere Energy stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $49.15, for a total value of $983,000.00. Following the sale, the director now directly owns 2,464 shares of the company’s stock, valued at $121,105.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vicky A. Bailey sold 5,800 shares of Cheniere Energy stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $54.44, for a total value of $315,752.00. Following the completion of the sale, the director now directly owns 35,765 shares in the company, valued at $1,947,046.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,800 shares of company stock valued at $2,299,152.
A number of institutional investors have recently made changes to their positions in LNG. Tower Research Capital LLC TRC purchased a new stake in Cheniere Energy in the second quarter valued at $121,000. Van ECK Associates Corp raised its holdings in shares of Cheniere Energy by 11.7% in the 2nd quarter. Van ECK Associates Corp now owns 2,987 shares of the energy company’s stock valued at $145,000 after buying an additional 312 shares during the period. Atlantic Trust LLC purchased a new stake in shares of Cheniere Energy in the 2nd quarter valued at $175,000. Shamrock Asset Management LLC purchased a new stake in shares of Cheniere Energy in the 3rd quarter valued at $196,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of Cheniere Energy in the 2nd quarter valued at $203,000.
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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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