Evercore ISI initiated coverage on shares of Cheniere Energy (NYSEAMERICAN:LNG) in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage issued an outperform rating on the energy company’s stock.
A number of other research firms also recently commented on LNG. UBS Group began coverage on shares of Cheniere Energy in a research note on Thursday, January 3rd. They set a buy rating and a $72.00 price objective for the company. Guggenheim reaffirmed a buy rating and set a $85.00 price objective on shares of Cheniere Energy in a research note on Tuesday, December 4th. Scotiabank began coverage on shares of Cheniere Energy in a research note on Friday, February 8th. They set an outperform rating for the company. Citigroup dropped their price objective on shares of Cheniere Energy from $73.00 to $71.00 and set a buy rating for the company in a research note on Thursday, November 29th. Finally, Goldman Sachs Group raised shares of Cheniere Energy from a neutral rating to a buy rating in a research note on Wednesday, January 2nd. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $76.08.
Shares of LNG stock opened at $69.19 on Tuesday. Cheniere Energy has a twelve month low of $51.54 and a twelve month high of $71.03.
Cheniere Energy (NYSEAMERICAN:LNG) last announced its earnings results on Tuesday, February 26th. The energy company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.06). The company had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the firm earned $0.54 earnings per share. The company’s revenue was up 36.5% compared to the same quarter last year.
In other news, Director Vicky A. Bailey sold 2,567 shares of the business’s stock in a transaction dated Wednesday, December 26th. The stock was sold at an average price of $55.90, for a total transaction of $143,495.30. Following the completion of the sale, the director now owns 37,273 shares in the company, valued at approximately $2,083,560.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Several large investors have recently modified their holdings of LNG. First Manhattan Co. purchased a new position in Cheniere Energy in the 4th quarter worth approximately $29,000. Advent International Corp MA boosted its holdings in Cheniere Energy by 131.4% in the 3rd quarter. Advent International Corp MA now owns 592,855 shares of the energy company’s stock worth $41,197,000 after acquiring an additional 336,677 shares during the period. Piedmont Investment Advisors Inc. boosted its holdings in Cheniere Energy by 46,476.0% in the 3rd quarter. Piedmont Investment Advisors Inc. now owns 11,644 shares of the energy company’s stock worth $809,000 after acquiring an additional 11,619 shares during the period. Brookfield Asset Management Inc. boosted its holdings in Cheniere Energy by 67.0% in the 3rd quarter. Brookfield Asset Management Inc. now owns 1,229,209 shares of the energy company’s stock worth $85,417,000 after acquiring an additional 493,009 shares during the period. Finally, PointState Capital LP boosted its holdings in Cheniere Energy by 147.9% in the 3rd quarter. PointState Capital LP now owns 3,355,723 shares of the energy company’s stock worth $233,189,000 after acquiring an additional 2,001,833 shares during the period.
About Cheniere Energy
Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company operates in two segments, LNG Terminal Business, and LNG and Natural Gas Marketing. It owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.
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