Cheniere Energy, Inc. (NYSEAMERICAN:LNG) has earned a consensus rating of “Buy” from the fifteen ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $78.25.
A number of analysts have weighed in on the stock. Gabelli assumed coverage on shares of Cheniere Energy in a research report on Monday, May 13th. They issued a “buy” rating on the stock. Cowen restated an “outperform” rating and issued a $80.00 target price (up previously from $78.00) on shares of Cheniere Energy in a research report on Tuesday, June 4th. Finally, Evercore ISI assumed coverage on shares of Cheniere Energy in a research report on Tuesday, March 12th. They issued an “outperform” rating on the stock.
Several hedge funds have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd raised its stake in Cheniere Energy by 53.2% during the fourth quarter. Altshuler Shaham Ltd now owns 1,700 shares of the energy company’s stock worth $27,000 after buying an additional 590 shares during the last quarter. First Manhattan Co. bought a new stake in Cheniere Energy in the fourth quarter valued at $29,000. Claybrook Capital LLC bought a new stake in Cheniere Energy in the fourth quarter valued at $34,000. Lenox Wealth Management Inc. bought a new stake in Cheniere Energy in the first quarter valued at $34,000. Finally, Cullen Frost Bankers Inc. bought a new stake in Cheniere Energy in the first quarter valued at $35,000.
Cheniere Energy (NYSEAMERICAN:LNG) last issued its earnings results on Thursday, May 9th. The energy company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.25. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the prior year, the business earned $1.50 EPS. The business’s quarterly revenue was up .8% on a year-over-year basis.
About Cheniere Energy
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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