Cheniere Energy, Inc. (NYSEAMERICAN:LNG) has been given an average rating of “Buy” by the thirteen research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $77.38.
Several research analysts have recently issued reports on the company. Morgan Stanley set a $76.00 price objective on Cheniere Energy and gave the stock a “hold” rating in a research report on Sunday, November 3rd. Royal Bank of Canada initiated coverage on Cheniere Energy in a research report on Monday, October 21st. They set an “outperform” rating and a $84.00 target price on the stock. Zacks Investment Research cut Cheniere Energy from a “hold” rating to a “sell” rating and set a $68.00 target price for the company. in a research note on Thursday, September 12th. Raymond James raised Cheniere Energy from a “market perform” rating to an “outperform” rating and set a $71.00 price target for the company in a report on Wednesday, October 23rd. Finally, Barclays reiterated a “buy” rating and issued a $83.00 price target on shares of Cheniere Energy in a research note on Wednesday, October 16th.
Shares of Cheniere Energy stock traded down $0.22 during trading on Friday, hitting $59.42. 1,695,954 shares of the stock were exchanged, compared to its average volume of 1,740,076. Cheniere Energy has a 12-month low of $55.09 and a 12-month high of $70.60.
In other Cheniere Energy news, insider Beresford Richard 138,240 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. Also, CEO Jack A. Fusco purchased 8,400 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were acquired at an average price of $59.90 per share, with a total value of $503,160.00. Following the purchase, the chief executive officer now owns 619,976 shares in the company, valued at $37,136,562.40. The disclosure for this purchase can be found here.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC raised its position in Cheniere Energy by 1,121.0% during the 3rd quarter. Millennium Management LLC now owns 574,894 shares of the energy company’s stock worth $36,252,000 after buying an additional 527,812 shares during the last quarter. Soros Fund Management LLC purchased a new stake in Cheniere Energy in the 3rd quarter valued at approximately $11,584,000. Zimmer Partners LP increased its position in Cheniere Energy by 46.9% during the 3rd quarter. Zimmer Partners LP now owns 2,279,840 shares of the energy company’s stock worth $143,767,000 after purchasing an additional 727,462 shares during the period. National Pension Service increased its position in Cheniere Energy by 5.6% during the 3rd quarter. National Pension Service now owns 291,136 shares of the energy company’s stock worth $18,359,000 after purchasing an additional 15,336 shares during the period. Finally, Chilton Investment Co. LLC purchased a new position in shares of Cheniere Energy during the 3rd quarter worth approximately $464,000.
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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