Cheniere Energy (LNG) PT Raised to $59.00 at Morgan Stanley

Cheniere Energy (NYSEAMERICAN:LNG) had its target price increased by Morgan Stanley from $50.00 to $59.00 in a report published on Monday. Morgan Stanley currently has an equal weight rating on the energy company’s stock.

LNG has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Cheniere Energy from a strong sell rating to a hold rating in a report on Monday, January 8th. JPMorgan Chase & Co. cut their price objective on shares of Cheniere Energy from $36.00 to $35.00 and set an overweight rating for the company in a report on Wednesday, November 1st. BidaskClub upgraded shares of Cheniere Energy from a sell rating to a hold rating in a report on Saturday, November 4th. Scotiabank reiterated a buy rating and issued a $65.00 price objective on shares of Cheniere Energy in a report on Monday, January 29th. Finally, Barclays reiterated a buy rating and issued a $62.00 price objective on shares of Cheniere Energy in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. The company has an average rating of Buy and an average price target of $57.45.

Cheniere Energy (NYSEAMERICAN LNG) opened at $58.18 on Monday. The firm has a market cap of $13,810.00, a PE ratio of -32.61 and a beta of 1.72. Cheniere Energy has a 12 month low of $40.36 and a 12 month high of $60.22.

Cheniere Energy (NYSEAMERICAN:LNG) last issued its quarterly earnings results on Tuesday, November 14th. The energy company reported ($1.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($1.08). The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.27 billion. The company’s quarterly revenue was up 201.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.41) earnings per share.

In other news, Director Nuno Brandolini sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $50.02, for a total transaction of $1,000,400.00. Following the completion of the sale, the director now owns 232,271 shares in the company, valued at approximately $11,618,195.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vicky A. Bailey sold 5,800 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $54.44, for a total transaction of $315,752.00. Following the sale, the director now owns 35,765 shares of the company’s stock, valued at approximately $1,947,046.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,800 shares of company stock valued at $2,299,152.

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Interstate Bank increased its holdings in Cheniere Energy by 2,873.0% in the 4th quarter. First Interstate Bank now owns 2,973 shares of the energy company’s stock valued at $160,000 after purchasing an additional 2,873 shares during the last quarter. Atlantic Trust LLC acquired a new stake in Cheniere Energy in the 2nd quarter valued at approximately $175,000. Shamrock Asset Management LLC acquired a new stake in Cheniere Energy in the 3rd quarter valued at approximately $196,000. WINTON GROUP Ltd acquired a new stake in Cheniere Energy in the 2nd quarter valued at approximately $203,000. Finally, Nine Chapters Capital Management LLC acquired a new stake in Cheniere Energy in the 3rd quarter valued at approximately $207,000.

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About Cheniere Energy

Cheniere Energy, Inc (Cheniere) is an energy company primarily engaged in liquefied natural gas (LNG)-related businesses. The Company operates through two segments: LNG terminal business, and LNG and natural gas marketing business. Its LNG terminal segment consists of the Sabine Pass and Corpus Christi LNG terminals.

Analyst Recommendations for Cheniere Energy (NYSEAMERICAN:LNG)

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