Cheniere Energy, Inc. (LNG) Given Consensus Recommendation of “Buy” by Analysts

Cheniere Energy, Inc. (NYSEAMERICAN:LNG) has been given an average rating of “Buy” by the fifteen research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $78.25.

A number of research firms have commented on LNG. Cowen reaffirmed an “outperform” rating and issued a $80.00 price objective (up previously from $78.00) on shares of Cheniere Energy in a report on Tuesday. Gabelli began coverage on shares of Cheniere Energy in a report on Monday, May 13th. They issued a “buy” rating for the company. Scotiabank started coverage on shares of Cheniere Energy in a report on Friday, February 8th. They issued an “outperform” rating for the company. Finally, Evercore ISI started coverage on shares of Cheniere Energy in a report on Tuesday, March 12th. They set an “outperform” rating for the company.

Institutional investors and hedge funds have recently made changes to their positions in the company. Teachers Advisors LLC raised its stake in shares of Cheniere Energy by 5.6% during the third quarter. Teachers Advisors LLC now owns 412,101 shares of the energy company’s stock valued at $28,637,000 after purchasing an additional 21,851 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Cheniere Energy by 4.8% during the third quarter. Vanguard Group Inc now owns 19,315,695 shares of the energy company’s stock valued at $1,342,247,000 after purchasing an additional 890,140 shares in the last quarter. First Manhattan Co. bought a new stake in shares of Cheniere Energy during the fourth quarter valued at about $29,000. Wetherby Asset Management Inc. raised its stake in shares of Cheniere Energy by 24.8% during the fourth quarter. Wetherby Asset Management Inc. now owns 3,739 shares of the energy company’s stock valued at $221,000 after purchasing an additional 744 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in shares of Cheniere Energy by 51.4% during the fourth quarter. Advisors Asset Management Inc. now owns 40,195 shares of the energy company’s stock valued at $2,379,000 after purchasing an additional 13,652 shares in the last quarter.

Cheniere Energy stock opened at $67.24 on Friday. Cheniere Energy has a 12 month low of $55.09 and a 12 month high of $71.03.

Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings data on Thursday, May 9th. The energy company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.25. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $1.90 billion. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.50 EPS.

Cheniere Energy Company Profile

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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Analyst Recommendations for Cheniere Energy (NYSEAMERICAN:LNG)

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