Brokerage Firm Rating on Cheniere Energy (LNG)

Cheniere Energy (LNG) : 7 analysts are covering Cheniere Energy (LNG) and their average rating on the stock is 1.64, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Cheniere Energy (LNG) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Cheniere Energy (LNG) : The most positive equity analysts on Cheniere Energy (LNG) expects the shares to touch $65, whereas, the least positive believes that the stock will trade at $38 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $53 with an expected fluctuation of $10.55 from the mean.


For the current week, the company shares have a recommendation consensus of Buy. Cheniere Energy (NYSEMKT:LNG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.21 and $41.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.44, notching a gain of 1.00% for the day. The total traded volume was 1,491,518 . The stock had closed at $42.02 on the previous day.

In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Cheniere Energy Inc, Fusco Jack A had purchased shares worth of $1,500,024 in a transaction dated on July 18, 2016. A total of 37,604 shares were purchased at a price of $39.89 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Cheniere Energy, Inc. is an energy company engaged in Liquefied natural gas (LNG) 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. (Cheniere Partners), which is a publicly traded limited partnership. The Company owns 100% of the general partner interest in Cheniere Partners and 80.1% of Cheniere Energy Partners LP Holdings, LLC (Cheniere Holdings), which is a publicly traded limited liability company that owns a 55.9% limited partner interest in Cheniere Partners. The Company is engaged in the development of two LNG terminal projects: the Sabine Pass LNG terminal in western Cameron Parish, Louisiana, and the Corpus Christi LNG terminal near Corpus Christi, Texas.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.