Cheniere Energy (LNG) Price Target Increased to $59.00 by Analysts at Morgan Stanley

Cheniere Energy (NYSEAMERICAN:LNG) had its price objective hoisted by research analysts at Morgan Stanley from $50.00 to $59.00 in a note issued to investors on Monday. The firm currently has an “equal weight” rating on the energy company’s stock. Morgan Stanley’s price target indicates a potential upside of 4.46% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Scotiabank reissued a “buy” rating and issued a $65.00 price target on shares of Cheniere Energy in a research note on Monday, January 29th. Barclays reissued a “buy” rating and issued a $62.00 price target on shares of Cheniere Energy in a research note on Friday, January 19th. Stifel Nicolaus began coverage on shares of Cheniere Energy in a research note on Thursday, January 4th. They issued a “buy” rating and a $65.00 price target on the stock. Finally, Cowen began coverage on shares of Cheniere Energy in a research note on Friday, November 17th. They issued a “market perform” rating and a $56.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $57.18.

Cheniere Energy (NYSEAMERICAN:LNG) traded up $0.91 during trading on Monday, hitting $56.48. 1,075,670 shares of the stock were exchanged, compared to its average volume of 2,150,037. The stock has a market cap of $13,810.00, a P/E ratio of -32.12 and a beta of 1.72. Cheniere Energy has a twelve month low of $40.36 and a twelve month high of $60.22.

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

In other Cheniere Energy news, 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 transaction of $315,752.00. Following the completion of the transaction, the director now owns 35,765 shares in the company, valued at approximately $1,947,046.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $983,000.00. Following the transaction, the director now owns 2,464 shares of the company’s stock, valued at approximately $121,105.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,800 shares of company stock worth $2,299,152.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asset Management L.P. grew its holdings 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 in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Cheniere Energy by 22.1% in the 2nd quarter. Janus Henderson Group PLC now owns 42,389 shares of the energy company’s stock valued at $2,065,000 after buying an additional 7,667 shares in the last quarter. Brookfield Asset Management Inc. boosted its holdings in shares of Cheniere Energy by 43.3% in the 2nd quarter. Brookfield Asset Management Inc. now owns 1,873,390 shares of the energy company’s stock valued at $91,253,000 after buying an additional 566,100 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Cheniere Energy by 1.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 368,680 shares of the energy company’s stock valued at $16,582,000 after buying an additional 4,247 shares in the last quarter. Finally, Hennessy Advisors Inc. boosted its holdings in shares of Cheniere Energy by 6.5% in the 3rd quarter. Hennessy Advisors Inc. now owns 1,600,417 shares of the energy company’s stock valued at $72,083,000 after buying an additional 98,000 shares in 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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