BidaskClub Upgrades Cheniere Energy, Inc. (LNG) to “Hold”

BidaskClub upgraded shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) from a sell rating to a hold rating in a research report sent to investors on Saturday, November 4th.

Several other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Cheniere Energy from a strong-buy rating to a hold rating in a research note on Wednesday, July 19th. Scotiabank set a $52.00 target price on shares of Cheniere Energy and gave the stock a buy rating in a research note on Friday, July 21st. BMO Capital Markets assumed coverage on shares of Cheniere Energy in a research note on Monday, September 25th. They issued an outperform rating and a $60.00 target price on the stock. J P Morgan Chase & Co dropped their target price on shares of Cheniere Energy from $36.00 to $35.00 and set an overweight rating on the stock in a research note on Wednesday, November 1st. Finally, ValuEngine cut shares of Cheniere Energy from a hold rating to a sell rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $53.50.

Shares of Cheniere Energy (NYSEAMERICAN LNG) traded down $0.01 on Friday, hitting $47.89. 1,590,300 shares of the stock were exchanged, compared to its average volume of 1,989,404. Cheniere Energy has a 52-week low of $38.75 and a 52-week high of $51.51.

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

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In other news, insider Jack A. Fusco acquired 23,750 shares of Cheniere Energy stock in a transaction dated Monday, September 11th. The stock was purchased at an average cost of $42.32 per share, with a total value of $1,005,100.00. Following the completion of the purchase, the insider now directly owns 399,985 shares in the company, valued at approximately $16,927,365.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David B. Kilpatrick sold 20,000 shares of the 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 completion of the sale, the director now directly owns 2,464 shares of the company’s stock, valued at $121,105.60. The disclosure for this sale can be found here.

Several large investors have recently modified their holdings of the stock. Atria Investments LLC boosted its position in shares of Cheniere Energy by 0.4% during the second quarter. Atria Investments LLC now owns 6,804 shares of the energy company’s stock worth $331,000 after acquiring an additional 24 shares during the last quarter. Sii Investments Inc. WI boosted its position in shares of Cheniere Energy by 0.7% during the second quarter. Sii Investments Inc. WI now owns 9,424 shares of the energy company’s stock worth $461,000 after acquiring an additional 66 shares during the last quarter. Pointe Capital Management LLC boosted its position in shares of Cheniere Energy by 0.5% during the second quarter. Pointe Capital Management LLC now owns 15,055 shares of the energy company’s stock worth $733,000 after acquiring an additional 76 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Cheniere Energy by 0.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 14,532 shares of the energy company’s stock worth $708,000 after acquiring an additional 79 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its position in shares of Cheniere Energy by 2.1% during the second quarter. Proficio Capital Partners LLC now owns 5,060 shares of the energy company’s stock worth $228,000 after acquiring an additional 102 shares during the last quarter.

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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