Cheniere Energy Now Covered by Analysts at Howard Weil (LNG)
August 18th, 2014 Filed Under - by Stefani Robinson
Howard Weil began coverage on shares of Cheniere Energy (NYSE:LNG) in a report issued on Thursday. The firm issued a sector perform rating and a $79.00 target price on the stock.
In other Cheniere Energy news, VP Jean Abiteboul sold 50,000 shares of Cheniere Energy stock on the open market in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $71.24, for a total value of $3,562,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
LNG has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Cheniere Energy from a neutral rating to an outperform rating in a research note on Monday, August 11th. They now have a $77.00 price target on the stock. Separately, analysts at Raymond James initiated coverage on shares of Cheniere Energy in a research note on Tuesday, June 10th. They set a market perform rating on the stock. Finally, analysts at Credit Suisse reiterated a neutral rating on shares of Cheniere Energy in a research note on Monday, June 2nd. They now have a $75.00 price target on the stock, up previously from $65.00. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $69.44.
Shares of Cheniere Energy (NYSE:LNG) opened at 73.23 on Thursday. Cheniere Energy has a 1-year low of $27.15 and a 1-year high of $76.46. The stock’s 50-day moving average is $72.1 and its 200-day moving average is $59.7. The company’s market cap is $16.374 billion.
Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.90) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.33) by $0.57. The company had revenue of $67.65 million for the quarter, compared to the consensus estimate of $66.44 million. During the same quarter in the prior year, the company posted ($0.71) earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts predict that Cheniere Energy will post $-1.26 earnings per share for the current fiscal year.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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