Cheniere Energy Given Consensus Rating of “Buy” by Brokerages (NYSE:LNG)
Posted on March 17, 2015
Shares of Cheniere Energy (NYSE:LNG) have earned a consensus recommendation of “Buy” from the twelve analysts that are currently covering the stock, AnalystRatings.Net reports. Five research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $80.33.
Several analysts have recently commented on the stock. Analysts at BTIG Research set a $100.00 price target on shares of Cheniere Energy and gave the company a “buy” rating in a research note on Wednesday, February 25th. Analysts at TheStreet upgraded shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 30th. Finally, 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.
Cheniere Energy (NYSE:LNG) traded down 1.25% on Tuesday, hitting $75.27. The stock had a trading volume of 261,146 shares. Cheniere Energy has a one year low of $50.91 and a one year high of $85.00. The stock has a 50-day moving average of $75. and a 200-day moving average of $73.. The company’s market cap is $17.03 billion.
Cheniere Energy (NYSE:LNG) last announced its earnings results on Friday, February 20th. The company reported ($0.06) EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.46) earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Analysts expect that Cheniere Energy will post $-1.06 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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