Zacks: Cheniere Energy, Inc. (NYSEAMERICAN) (LNG) Receives Average Rating of “Strong Buy” from Analysts

Cheniere Energy, Inc. (NYSEAMERICAN) (NASDAQ:LNG) has been assigned an average broker rating score of 1.17 (Strong Buy) from the twelve analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and eleven have issued a strong buy rating on the company.

Analysts have set a 1-year consensus price objective of $78.50 for the company and are forecasting that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also given Cheniere Energy, Inc. (NYSEAMERICAN) an industry rank of 45 out of 256 based on the ratings given to related companies.

Separately, BidaskClub downgraded Cheniere Energy, Inc. (NYSEAMERICAN) from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 18th.

Shares of LNG opened at $62.58 on Wednesday. Cheniere Energy, Inc. has a one year low of $55.09 and a one year high of $71.03.

Cheniere Energy, Inc. (NYSEAMERICAN) (NASDAQ:LNG) last issued its quarterly earnings data on Tuesday, February 26th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.10). The company had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $1.78 billion.

Cheniere Energy, Inc. (NYSEAMERICAN) Company Profile

Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company operates in two segments, LNG Terminal Business, and LNG and Natural Gas Marketing. It owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.

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