Cheniere Energy (LNG) Earns “Buy” Rating from Guggenheim

Guggenheim reissued their buy rating on shares of Cheniere Energy (NYSEAMERICAN:LNG) in a research note released on Tuesday, MarketBeat reports. They currently have a $85.00 target price on the energy company’s stock.

LNG has been the topic of a number of other reports. Scotiabank set a $82.00 price target on shares of Cheniere Energy and gave the company a buy rating in a research report on Monday, August 20th. JPMorgan Chase & Co. began coverage on shares of Cheniere Energy in a research report on Wednesday, October 31st. They set an overweight rating on the stock. Cowen raised shares of Cheniere Energy from a market perform rating to an outperform rating and set a $76.00 price target on the stock in a research report on Wednesday, September 26th. Zacks Investment Research cut shares of Cheniere Energy from a buy rating to a hold rating in a research report on Tuesday, August 14th. Finally, Barclays set a $78.00 price objective on shares of Cheniere Energy and gave the company a buy rating in a research note on Friday, October 12th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Cheniere Energy presently has an average rating of Buy and a consensus target price of $76.42.

Shares of LNG stock opened at $60.09 on Tuesday. Cheniere Energy has a fifty-two week low of $46.00 and a fifty-two week high of $71.03.

Cheniere Energy (NYSEAMERICAN:LNG) last announced its quarterly earnings results on Thursday, November 8th. The energy company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.61 billion. The firm’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same quarter last year, the business posted ($1.24) earnings per share.

In other news, General Counsel Sean N. Markowitz acquired 1,700 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were bought at an average price of $59.10 per share, for a total transaction of $100,470.00. Following the completion of the purchase, the general counsel now directly owns 57,643 shares of the company’s stock, valued at approximately $3,406,701.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jack A. Fusco acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were purchased at an average price of $59.20 per share, for a total transaction of $888,000.00. Following the purchase, the insider now directly owns 564,599 shares of the company’s stock, valued at $33,424,260.80. The disclosure for this purchase can be found here.

Large investors have recently modified their holdings of the stock. FMR LLC increased its stake in shares of Cheniere Energy by 9.1% in the second quarter. FMR LLC now owns 14,503,528 shares of the energy company’s stock worth $945,486,000 after buying an additional 1,215,014 shares during the last quarter. OLD Second National Bank of Aurora increased its stake in shares of Cheniere Energy by 54.8% in the third quarter. OLD Second National Bank of Aurora now owns 34,344 shares of the energy company’s stock worth $2,387,000 after buying an additional 12,152 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Cheniere Energy in the second quarter worth $38,595,000. Paradigm Financial Advisors LLC increased its stake in shares of Cheniere Energy by 11.5% in the second quarter. Paradigm Financial Advisors LLC now owns 32,594 shares of the energy company’s stock worth $2,124,000 after buying an additional 3,365 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Cheniere Energy by 82.4% in the second quarter. Renaissance Technologies LLC now owns 1,649,800 shares of the energy company’s stock worth $107,550,000 after buying an additional 745,163 shares during the last quarter.

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 operates in two segments, LNG Terminal Business, and LNG and Natural Gas Marketing. It owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.

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Analyst Recommendations for Cheniere Energy (NYSEAMERICAN:LNG)

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