Other research analysts also recently issued research reports about the stock. Stifel Nicolaus started coverage on shares of Cheniere Energy in a report on Thursday, January 4th. They issued a buy rating and a $65.00 target price for the company. Scotiabank reaffirmed a buy rating and issued a $52.00 target price on shares of Cheniere Energy in a report on Wednesday, October 25th. Citigroup boosted their price target on shares of Cheniere Energy from $57.00 to $59.00 and gave the stock a buy rating in a research note on Thursday, November 16th. Barclays reiterated a buy rating and issued a $62.00 price target on shares of Cheniere Energy in a research note on Friday, January 19th. Finally, Morgan Stanley boosted their price target on shares of Cheniere Energy from $50.00 to $59.00 and gave the stock an equal weight rating in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $57.45.
Shares of Cheniere Energy (NYSEAMERICAN LNG) traded down $0.27 during trading on Friday, reaching $57.64. 1,650,000 shares of the company traded hands, compared to its average volume of 2,130,000. The company has a market cap of $13,700.00, a P/E ratio of -32.75 and a beta of 1.72. Cheniere Energy has a one year low of $40.36 and a one year high of $60.22.
Cheniere Energy (NYSEAMERICAN:LNG) last issued its earnings results on Tuesday, November 14th. The energy company reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($1.08). The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.27 billion. The business’s revenue for the quarter was up 201.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.41) earnings per share.
In other news, Director Vicky A. Bailey sold 5,800 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $54.44, for a total transaction of $315,752.00. Following the sale, the director now directly owns 35,765 shares in the company, valued at approximately $1,947,046.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nuno Brandolini sold 20,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $50.02, for a total transaction of $1,000,400.00. Following the sale, the director now owns 232,271 shares in the company, valued at $11,618,195.42. The disclosure for this sale can be found here.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. First Interstate Bank raised its position in Cheniere Energy by 2,873.0% in the 4th quarter. First Interstate Bank now owns 2,973 shares of the energy company’s stock worth $160,000 after purchasing an additional 2,873 shares during the period. Shamrock Asset Management LLC purchased a new stake in Cheniere Energy in the 3rd quarter worth about $196,000. WINTON GROUP Ltd purchased a new stake in Cheniere Energy in the 2nd quarter worth about $203,000. Nine Chapters Capital Management LLC purchased a new stake in Cheniere Energy in the 3rd quarter worth about $207,000. Finally, Fiduciary Trust Co. purchased a new stake in Cheniere Energy in the 4th quarter worth about $207,000.
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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