Cheniere Energy, Inc. (NYSEAMERICAN:LNG) Receives $77.38 Average PT from Analysts

Cheniere Energy, Inc. (NYSEAMERICAN:LNG) has earned a consensus rating of “Buy” from the fourteen research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $77.38.

LNG has been the subject of several research analyst reports. Cowen reaffirmed an “outperform” rating and issued a $80.00 price target (up from $78.00) on shares of Cheniere Energy in a research note on Tuesday, June 4th. Gabelli initiated coverage on shares of Cheniere Energy in a research note on Monday, May 13th. They issued a “buy” rating for the company. BTIG Research initiated coverage on shares of Cheniere Energy in a research note on Tuesday, July 16th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research raised shares of Cheniere Energy from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research note on Tuesday, July 2nd.

NYSEAMERICAN LNG traded down $0.26 during mid-day trading on Friday, reaching $63.49. 1,517,354 shares of the stock were exchanged, compared to its average volume of 1,760,692. Cheniere Energy has a one year low of $55.09 and a one year high of $71.03.

Cheniere Energy (NYSEAMERICAN:LNG) last announced its earnings results on Thursday, May 9th. The energy company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.25. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the prior year, the business earned $1.50 EPS. Cheniere Energy’s quarterly revenue was up .8% on a year-over-year basis.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wetherby Asset Management Inc. grew its holdings in shares of Cheniere Energy by 5.4% during the second quarter. Wetherby Asset Management Inc. now owns 4,687 shares of the energy company’s stock valued at $321,000 after buying an additional 240 shares during the last quarter. Cetera Advisor Networks LLC grew its holdings in shares of Cheniere Energy by 7.3% during the first quarter. Cetera Advisor Networks LLC now owns 3,627 shares of the energy company’s stock valued at $248,000 after buying an additional 248 shares during the last quarter. Altman Advisors Inc. grew its holdings in shares of Cheniere Energy by 0.9% during the second quarter. Altman Advisors Inc. now owns 31,055 shares of the energy company’s stock valued at $2,126,000 after buying an additional 276 shares during the last quarter. Cetera Advisors LLC grew its holdings in shares of Cheniere Energy by 6.9% during the fourth quarter. Cetera Advisors LLC now owns 4,644 shares of the energy company’s stock valued at $278,000 after buying an additional 300 shares during the last quarter. Finally, CIBC World Markets Inc. grew its holdings in shares of Cheniere Energy by 3.2% during the first quarter. CIBC World Markets Inc. now owns 9,758 shares of the energy company’s stock valued at $667,000 after buying an additional 303 shares during the last quarter.

Cheniere Energy Company Profile

Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas. It also owns Creole Trail pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines; and operates Corpus Christi pipeline, a 23-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.

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Analyst Recommendations for Cheniere Energy (NYSEAMERICAN:LNG)

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