Shares of Cheniere Energy, Inc. (NYSEMKT:LNG) have earned an average recommendation of “Buy” from the twelve analysts that are currently covering the stock. Two research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $56.57.
Several brokerages have recently commented on LNG. Credit Suisse Group AG restated an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, October 12th. Zacks Investment Research raised Cheniere Energy from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Tuesday, September 6th. Finally, Barclays PLC dropped their price objective on Cheniere Energy from $64.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 6th.
Cheniere Energy (NYSEMKT:LNG) opened at 40.12 on Monday. The stock’s market cap is $9.18 billion. Cheniere Energy has a 12 month low of $22.80 and a 12 month high of $48.33. The firm has a 50-day moving average price of $39.27 and a 200-day moving average price of $39.35.
Cheniere Energy (NYSEMKT:LNG) last announced its quarterly earnings results on Thursday, November 3rd. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.36) by $0.05. The firm earned $465.67 million during the quarter, compared to analysts’ expectations of $233.49 million. The company’s revenue for the quarter was up 604.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.31) EPS. Equities research analysts expect that Cheniere Energy will post ($1.66) earnings per share for the current fiscal year.
In other news, Director Samuel J. Merksamer acquired 13,500 shares of Cheniere Energy stock in a transaction dated Monday, November 14th. The stock was purchased at an average cost of $35.57 per share, for a total transaction of $480,195.00. Following the completion of the purchase, the director now directly owns 18,634 shares in the company, valued at approximately $662,811.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Ed Lehotsky sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $39.83, for a total value of $796,600.00. Following the completion of the transaction, the senior vice president now owns 57,687 shares of the company’s stock, valued at $2,297,673.21. The disclosure for this sale can be found here.