Cheniere Energy’s (LNG) Outperform Rating Reiterated at Credit Suisse Group AG
Credit Suisse Group AG reaffirmed their outperform rating on shares of Cheniere Energy, Inc. (AMEX:LNG) in a research note released on Wednesday, StockTargetPrices.com reports.
A number of other brokerages have also weighed in on LNG. Barclays PLC lowered their price target on shares of Cheniere Energy from $64.00 to $53.00 and set an overweight rating for the company in a report on Tuesday, September 6th. Howard Weil raised shares of Cheniere Energy from a sector perform rating to a sector outperform rating and set a $52.00 price target for the company in a report on Tuesday, June 14th. Finally, Wolfe Research initiated coverage on shares of Cheniere Energy in a report on Wednesday, June 22nd. They issued an outperform rating for the company.
Cheniere Energy (AMEX:LNG) opened at 40.69 on Wednesday. The stock has a 50 day moving average of $43.20 and a 200-day moving average of $38.78. Cheniere Energy has a 1-year low of $22.80 and a 1-year high of $51.96. The firm’s market capitalization is $9.29 billion.
Cheniere Energy Company Profile
Cheniere Energy, Inc 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 The Company owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners, L.P.
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