Cheniere Energy Inc (LNG)

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Cheniere Energy Price Target Cut to $90.00
January 21st, 2015

Equities researchers at Barclays decreased their price objective on shares of Cheniere Energy (NYSE:LNG) from $93.00 to $90.00 in a research report issued on Tuesday. The firm currently has an “overweight” rating on the stock. Barclays’ price objective would suggest a potential upside of 21.08% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of Cheniere Energy in a research note on Monday, December 15th. They set an “outperform” rating on the stock. Analysts at BTIG Research reiterated a “buy” rating on shares of Cheniere Energy in a research note on Monday, December 1st. Finally, analysts at Citigroup Inc. initiated coverage on shares of Cheniere Energy in a research note on Thursday, November 13th. They set a “buy” rating and a $66.00 price target on the stock. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $77.56.

In other Cheniere Energy news, VP Greg W. Rayford sold 12,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $73.33, for a total transaction of $879,960.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Cheniere Energy (NYSE:LNG) opened at 74.33 on Tuesday. Cheniere Energy has a 52-week low of $40.43 and a 52-week high of $85.00. The stock has a 50-day moving average of $69.14 and a 200-day moving average of $73.11. The company’s market cap is $16.673 billion.

Cheniere Energy (NYSE:LNG) last released its earnings data on Thursday, October 30th. The company reported ($0.40) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.27) by $0.13. The company had revenue of $66.80 million for the quarter, compared to the consensus estimate of $67.30 million. Analysts expect that Cheniere Energy will post $-1.77 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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