Barclays Analysts Give Cheniere Energy (LNG) a $65.00 Price Target

Cheniere Energy (NYSEAMERICAN:LNG) has been given a $65.00 price objective by analysts at Barclays in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the energy company’s stock. Barclays’ price target would indicate a potential upside of 14.82% from the company’s previous close.

Several other analysts have also recently commented on LNG. Morgan Stanley lifted their price target on Cheniere Energy from $50.00 to $59.00 and gave the company an “equal weight” rating in a report on Monday. Zacks Investment Research raised Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Scotiabank reissued a “buy” rating and set a $65.00 price target on shares of Cheniere Energy in a research report on Monday, January 29th. Stifel Nicolaus assumed coverage on Cheniere Energy in a research report on Thursday, January 4th. They set a “buy” rating and a $65.00 price target on the stock. Finally, Cowen assumed coverage on Cheniere Energy in a research report on Friday, November 17th. They set a “market perform” rating and a $56.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. Cheniere Energy has a consensus rating of “Buy” and an average target price of $57.45.

Shares of Cheniere Energy (NYSEAMERICAN:LNG) traded up $1.04 during mid-day trading on Monday, hitting $56.61. 1,177,435 shares of the stock traded hands, compared to its average volume of 2,151,682. Cheniere Energy has a 1 year low of $40.36 and a 1 year high of $60.22. The firm has a market cap of $13,810.00, a PE ratio of -32.11 and a beta of 1.72.

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

In other news, Director David B. Kilpatrick sold 20,000 shares of the business’s 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 completion of the sale, the director now directly owns 2,464 shares in the company, valued at approximately $121,105.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Vicky A. Bailey sold 5,800 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were 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 owns 35,765 shares of the company’s stock, valued at $1,947,046.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,800 shares of company stock worth $2,299,152.

A number of institutional investors and hedge funds have recently modified their holdings of LNG. Point72 Asset Management L.P. boosted its position in Cheniere Energy by 899.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,050,944 shares of the energy company’s stock worth $47,335,000 after acquiring an additional 945,777 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Cheniere Energy by 22.1% during the second quarter. Janus Henderson Group PLC now owns 42,389 shares of the energy company’s stock valued at $2,065,000 after purchasing an additional 7,667 shares during the last quarter. Brookfield Asset Management Inc. lifted its holdings in shares of Cheniere Energy by 43.3% during the second quarter. Brookfield Asset Management Inc. now owns 1,873,390 shares of the energy company’s stock valued at $91,253,000 after purchasing an additional 566,100 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Cheniere Energy by 1.2% during the third quarter. Asset Management One Co. Ltd. now owns 368,680 shares of the energy company’s stock valued at $16,582,000 after purchasing an additional 4,247 shares during the last quarter. Finally, Hennessy Advisors Inc. lifted its holdings in shares of Cheniere Energy by 6.5% during the third quarter. Hennessy Advisors Inc. now owns 1,600,417 shares of the energy company’s stock valued at $72,083,000 after purchasing an additional 98,000 shares during the last quarter.

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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.

Analyst Recommendations for Cheniere Energy (NYSEAMERICAN:LNG)

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