The Cheniere Energy Inc. (LNG) Coverage Initiated by Analysts at Credit Suisse Group AG

The Cheniere Energy Inc. (LNG) Coverage Initiated by Analysts at Credit Suisse Group AG

Credit Suisse Group AG assumed coverage on shares of Cheniere Energy Inc. (NYSEMKT:LNG) in a report issued on Wednesday morning. The firm issued an outperform rating and a $53.00 price objective on the stock.

A number of other research analysts have also recently weighed in on LNG. JPMorgan Chase & Co. reaffirmed a buy rating on shares of Cheniere Energy in a report on Tuesday, June 28th. Zacks Investment Research raised shares of Cheniere Energy from a hold rating to a buy rating and set a $44.00 price objective for the company in a report on Tuesday, July 19th. Goldman Sachs Group Inc. reiterated a buy rating on shares of Cheniere Energy in a research report on Wednesday, July 20th. Howard Weil upgraded shares of Cheniere Energy from a sector perform rating to a sector outperform rating and set a $52.00 target price on the stock in a research report on Tuesday, June 14th. Finally, Scotiabank upgraded shares of Cheniere Energy from a sector perform rating to a sector outperform rating and set a $52.00 target price on the stock in a research report on Tuesday, June 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $54.50.

Shares of Cheniere Energy (NYSEMKT:LNG) opened at 41.71 on Wednesday. The stock’s market cap is $9.52 billion. The firm’s 50-day moving average price is $43.33 and its 200-day moving average price is $38.70. Cheniere Energy has a 52-week low of $22.80 and a 52-week high of $51.96.

Cheniere Energy (NYSEMKT:LNG) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.46) by $0.15. The business had revenue of $176.80 million for the quarter, compared to the consensus estimate of $64.08 million. Cheniere Energy’s revenue was up 160.0% on a year-over-year basis. Equities analysts predict that Cheniere Energy will post ($1.97) EPS for the current year.

In other Cheniere Energy news, CFO Michael J. Wortley sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $44.96, for a total transaction of $67,440.00. Following the completion of the transaction, the chief financial officer now owns 413,615 shares in the company, valued at approximately $18,596,130.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nuno Brandolini sold 8,999 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $45.34, for a total transaction of $408,014.66. Following the transaction, the director now owns 249,602 shares of the company’s stock, valued at approximately $11,316,954.68. The disclosure for this sale can be found here.

Hedge funds and other institutional investors have recently modified their holdings of the stock. AXA boosted its stake in shares of Cheniere Energy by 1.6% in the second quarter. AXA now owns 4,314 shares of the company’s stock worth $162,000 after buying an additional 68 shares in the last quarter. Comerica Bank increased its position in shares of Cheniere Energy by 0.6% in the second quarter. Comerica Bank now owns 15,558 shares of the company’s stock worth $656,000 after buying an additional 99 shares during the last quarter. Mariner Wealth Advisors LLC increased its position in shares of Cheniere Energy by 1.3% in the first quarter. Mariner Wealth Advisors LLC now owns 8,233 shares of the company’s stock worth $279,000 after buying an additional 103 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Cheniere Energy by 1.0% in the second quarter. CIBC Asset Management Inc now owns 10,902 shares of the company’s stock worth $409,000 after buying an additional 112 shares during the last quarter. Finally, First Allied Advisory Services Inc. increased its position in shares of Cheniere Energy by 0.7% in the second quarter. First Allied Advisory Services Inc. now owns 18,336 shares of the company’s stock worth $680,000 after buying an additional 135 shares during the last quarter.

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