Cheniere Energy (NYSE:LNG – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
Several other equities analysts have also recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Cheniere Energy from $182.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, October 7th. Mizuho boosted their price objective on shares of Cheniere Energy from $174.00 to $208.00 and gave the company a “buy” rating in a research note on Friday. Finally, Barclays boosted their price objective on shares of Cheniere Energy from $186.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, October 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $201.75.
Cheniere Energy Price Performance
Shares of LNG traded down $5.27 during trading hours on Friday, hitting $171.78. The company’s stock had a trading volume of 3,715,020 shares, compared to its average volume of 2,431,909. The company has a market cap of $42.91 billion, a price-to-earnings ratio of -17.18 and a beta of 1.02. The business has a 50 day simple moving average of $167.46 and a two-hundred day simple moving average of $149.14. Cheniere Energy has a 52-week low of $97.85 and a 52-week high of $182.35.
Cheniere Energy (NYSE:LNG – Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The company reported $2.90 EPS for the quarter, beating the consensus estimate of $2.83 by $0.07. The company had revenue of $8.01 billion during the quarter, compared to analysts’ expectations of $6.90 billion. Cheniere Energy had a negative net margin of 10.02% and a negative return on equity of 800.57%. Research analysts predict that Cheniere Energy will post 9.73 earnings per share for the current year.
About Cheniere Energy
Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company 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 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.
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