Cheniere Energy (NYSEAMERICAN:LNG) Coverage Initiated by Analysts at Royal Bank of Canada

Equities research analysts at Royal Bank of Canada started coverage on shares of Cheniere Energy (NYSEAMERICAN:LNG) in a research report issued on Monday, The Fly reports. The brokerage set an “outperform” rating on the energy company’s stock.

LNG has been the subject of several other research reports. Zacks Investment Research lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating and set a $68.00 price target for the company. in a research report on Thursday, September 12th. Morgan Stanley reaffirmed an “equal weight” rating and set a $74.00 price target on shares of Cheniere Energy in a research report on Friday, September 20th. Barclays reaffirmed a “buy” rating and set a $83.00 price target on shares of Cheniere Energy in a research report on Wednesday, October 16th. Finally, BTIG Research initiated coverage on shares of Cheniere Energy in a research report on Tuesday, July 16th. They set a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $76.14.

Shares of LNG stock opened at $62.55 on Monday. Cheniere Energy has a one year low of $55.09 and a one year high of $70.60.

Cheniere Energy (NYSEAMERICAN:LNG) last issued its quarterly earnings results on Thursday, August 8th. The energy company reported ($0.44) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.59). The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period last year, the business earned ($0.07) earnings per share. The business’s revenue was up 48.5% compared to the same quarter last year.

Several institutional investors have recently added to or reduced their stakes in the company. Bluestein R H & Co. boosted its stake in shares of Cheniere Energy by 6.2% in the second quarter. Bluestein R H & Co. now owns 342,236 shares of the energy company’s stock valued at $23,426,000 after purchasing an additional 20,093 shares during the period. Icon Wealth Partners LLC boosted its stake in shares of Cheniere Energy by 12.7% in the second quarter. Icon Wealth Partners LLC now owns 4,274 shares of the energy company’s stock valued at $293,000 after purchasing an additional 482 shares during the period. CWM Advisors LLC boosted its stake in shares of Cheniere Energy by 15.4% in the second quarter. CWM Advisors LLC now owns 4,662 shares of the energy company’s stock valued at $319,000 after purchasing an additional 622 shares during the period. Pictet Asset Management Ltd. boosted its stake in shares of Cheniere Energy by 4.5% in the second quarter. Pictet Asset Management Ltd. now owns 83,693 shares of the energy company’s stock valued at $5,729,000 after purchasing an additional 3,600 shares during the period. Finally, Viking Fund Management LLC boosted its stake in shares of Cheniere Energy by 72.4% in the second quarter. Viking Fund Management LLC now owns 150,000 shares of the energy company’s stock valued at $10,268,000 after purchasing an additional 63,000 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 owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas. It also owns Creole Trail pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines; and operates Corpus Christi pipeline, a 23-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.

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The Fly

Analyst Recommendations for Cheniere Energy (NYSEAMERICAN:LNG)

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