Cheniere Energy Given a $100.00 Price Target at BTIG Research (LNG)
Posted by mitch on Feb 25th, 2015
Cheniere Energy, Inc. logoBTIG Research set a $100.00 price objective on Cheniere Energy (NYSE:LNG) in a research report released on Wednesday morning. The firm currently has a a buy rating on the stock.
LNG has been the subject of a number of other recent research reports. Analysts at TheStreet upgraded shares of Cheniere Energy from a sell rating to a hold rating in a research note on Friday, January 30th. Analysts at Barclays lowered their price target on shares of Cheniere Energy from $93.00 to $90.00 and set an overweight rating on the stock in a research note on Tuesday, January 20th. Finally, analysts at Credit Suisse reiterated an outperform rating on shares of Cheniere Energy in a research note on Monday, December 15th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Cheniere Energy has an average rating of Buy and an average price target of $79.80.
Shares of Cheniere Energy (NYSE:LNG) traded up 5.34% during mid-day trading on Wednesday, hitting $80.28. 6,150,675 shares of the company’s stock traded hands. Cheniere Energy has a 52 week low of $48.45 and a 52 week high of $85.00. The stock has a 50-day moving average of $72.39 and a 200-day moving average of $73.31. The company’s market cap is $18.008 billion.
Cheniere Energy (NYSE:LNG) last released its earnings data on Friday, February 20th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.20. The company had revenue of $66.60 million for the quarter. During the same quarter in the previous year, the company posted ($0.46) earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. Analysts expect that Cheniere Energy will post $-1.12 EPS for the current fiscal year.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses. The Company owns and operates the Sabine Pass LNG terminal in Louisiana through its 59.5% ownership interest in and management agreements with Cheniere Energy Partners, L.P.
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