Analysts Set Cheniere Energy, Inc. (LNG) Target Price at $53.76
Shares of Cheniere Energy, Inc. (NYSE:LNG) have been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $53.76.
Several brokerages have weighed in on LNG. BidaskClub raised Cheniere Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 6th. ValuEngine lowered Cheniere Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Scotiabank set a $52.00 price target on Cheniere Energy and gave the stock a “buy” rating in a report on Friday, July 21st. Zacks Investment Research lowered Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Morgan Stanley lowered Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 price target for the company. in a report on Tuesday, June 13th.
In related news, General Counsel Sean N. Markowitz acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average price of $42.10 per share, for a total transaction of $42,100.00. Following the completion of the acquisition, the general counsel now owns 10,022 shares in the company, valued at $421,926.20. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Jack A. Fusco acquired 23,750 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was bought at an average price of $42.32 per share, for a total transaction of $1,005,100.00. Following the acquisition, the insider now owns 399,985 shares of the company’s stock, valued at approximately $16,927,365.20. The disclosure for this purchase can be found here. Insiders have acquired 29,750 shares of company stock worth $1,257,000 in the last 90 days.
Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC purchased a new position in Cheniere Energy during the 2nd quarter valued at about $121,000. Van ECK Associates Corp boosted its position in Cheniere Energy by 21.9% during the 1st quarter. Van ECK Associates Corp now owns 2,675 shares of the energy company’s stock valued at $126,000 after acquiring an additional 480 shares in the last quarter. Atlantic Trust LLC bought a new stake in Cheniere Energy during the 2nd quarter valued at approximately $175,000. Fiduciary Trust Co. bought a new stake in Cheniere Energy during the 2nd quarter valued at approximately $188,000. Finally, WINTON GROUP Ltd bought a new stake in Cheniere Energy during the 2nd quarter valued at approximately $203,000.
Cheniere Energy (NYSE:LNG) traded down 0.98% on Wednesday, reaching $43.48. The company’s stock had a trading volume of 2,582,172 shares. The company has a 50-day moving average price of $42.75 and a 200 day moving average price of $45.98. The company’s market cap is $10.11 billion. Cheniere Energy has a 12 month low of $35.07 and a 12 month high of $51.41.
About Cheniere Energy
Cheniere Energy, Inc (Cheniere) 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. Its LNG terminal segment consists of the Sabine Pass and Corpus Christi LNG terminals.
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