Cheniere Energy, Inc. (NYSEAMERICAN:LNG) has been assigned a consensus recommendation of “Buy” from the fourteen research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $54.75.

Several brokerages recently issued reports on LNG. BidaskClub raised Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. Scotiabank reissued a “buy” rating and issued a $52.00 price target on shares of Cheniere Energy in a report on Wednesday, October 25th. Barclays reissued a “buy” rating and issued a $62.00 price target on shares of Cheniere Energy in a report on Friday. Citigroup raised their price target on Cheniere Energy from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, November 16th. Finally, Zacks Investment Research downgraded Cheniere Energy from a “hold” rating to a “sell” rating in a report on Wednesday, January 17th.

In other news, Director David B. Kilpatrick sold 20,000 shares of Cheniere Energy stock in a transaction on Friday, November 17th. The stock was sold at an average price of $49.15, for a total transaction of $983,000.00. Following the transaction, the director now directly owns 2,464 shares in the company, valued at approximately $121,105.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Vicky A. Bailey sold 5,800 shares of Cheniere Energy stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $54.44, for a total value of $315,752.00. Following the transaction, the director now owns 35,765 shares in the company, valued at $1,947,046.60. The disclosure for this sale can be found here. Insiders have sold a total of 45,800 shares of company stock worth $2,299,152 in the last ninety days.

Hedge funds have recently modified their holdings of the company. Point72 Asset Management L.P. increased its position in shares of Cheniere Energy by 899.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,050,944 shares of the energy company’s stock valued at $47,335,000 after purchasing an additional 945,777 shares during the period. Janus Henderson Group PLC increased its position in shares of Cheniere Energy by 22.1% during the 2nd quarter. Janus Henderson Group PLC now owns 42,389 shares of the energy company’s stock valued at $2,065,000 after purchasing an additional 7,667 shares during the period. Brookfield Asset Management Inc. increased its position in shares of Cheniere Energy by 43.3% during the 2nd quarter. Brookfield Asset Management Inc. now owns 1,873,390 shares of the energy company’s stock valued at $91,253,000 after purchasing an additional 566,100 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Cheniere Energy by 1.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 368,680 shares of the energy company’s stock valued at $16,582,000 after purchasing an additional 4,247 shares during the period. Finally, Hennessy Advisors Inc. increased its position in shares of Cheniere Energy by 6.5% during the 3rd quarter. Hennessy Advisors Inc. now owns 1,600,417 shares of the energy company’s stock valued at $72,083,000 after purchasing an additional 98,000 shares during the period.

Cheniere Energy (NYSEAMERICAN LNG) opened at $55.39 on Tuesday. Cheniere Energy has a 1-year low of $40.36 and a 1-year high of $56.80. The company has a market capitalization of $13,180.00, a P/E ratio of -31.47 and a beta of 1.81.

Cheniere Energy (NYSEAMERICAN:LNG) last announced its quarterly earnings results on Tuesday, November 14th. The energy company reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($1.08). The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.27 billion. The company’s revenue was up 201.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.41) earnings per share.

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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.

Analyst Recommendations for Cheniere Energy (NYSEAMERICAN:LNG)

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