Cheniere Energy’s (LNG) Equal Weight Rating Reiterated at Morgan Stanley

Morgan Stanley reiterated their equal weight rating on shares of Cheniere Energy (NYSEAMERICAN:LNG) in a report issued on Friday morning, BenzingaRatingsTable reports. Morgan Stanley currently has a $74.00 price objective on the energy company’s stock.

LNG has been the topic of a number of other research reports. Zacks Investment Research downgraded Cheniere Energy from a hold rating to a sell rating and set a $68.00 price target on the stock. in a research report on Thursday, September 12th. BTIG Research started coverage on Cheniere Energy in a report on Tuesday, July 16th. They issued a neutral rating on the stock. Finally, Cowen reiterated an outperform rating and issued a $80.00 price objective (up previously from $78.00) on shares of Cheniere Energy in a report on Tuesday, June 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $75.63.

NYSEAMERICAN LNG opened at $66.82 on Friday. Cheniere Energy has a twelve month low of $55.09 and a twelve month high of $71.03.

Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings results on Thursday, August 8th. The energy company reported ($0.44) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.59). The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter last year, the firm earned ($0.07) EPS. The firm’s quarterly revenue was up 48.5% on a year-over-year basis.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Cheniere Energy by 1.6% in the second quarter. Vanguard Group Inc. now owns 20,984,405 shares of the energy company’s stock worth $1,436,384,000 after purchasing an additional 323,798 shares during the last quarter. FMR LLC grew its stake in shares of Cheniere Energy by 2.3% in the first quarter. FMR LLC now owns 14,949,098 shares of the energy company’s stock worth $1,021,920,000 after purchasing an additional 335,290 shares during the last quarter. Tortoise Capital Advisors L.L.C. grew its stake in shares of Cheniere Energy by 1.6% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 8,050,063 shares of the energy company’s stock worth $551,027,000 after purchasing an additional 127,342 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Cheniere Energy by 29.3% in the first quarter. The Manufacturers Life Insurance Company now owns 6,085,787 shares of the energy company’s stock worth $416,024,000 after purchasing an additional 1,378,792 shares during the last quarter. Finally, Steadfast Capital Management LP grew its stake in shares of Cheniere Energy by 1.8% in the second quarter. Steadfast Capital Management LP now owns 4,749,290 shares of the energy company’s stock worth $325,089,000 after purchasing an additional 82,846 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 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.

Further Reading: Quiet Period Expirations Explained

Analyst Recommendations for Cheniere Energy (NYSEAMERICAN:LNG)

Receive News & Ratings for Cheniere Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy and related companies with MarketBeat.com's FREE daily email newsletter.