Cheniere Energy (LNG) Now Covered by JPMorgan Chase & Co.

Analysts at JPMorgan Chase & Co. started coverage on shares of Cheniere Energy (NYSEAMERICAN:LNG) in a research report issued to clients and investors on Wednesday, The Fly reports. The firm set an “overweight” rating on the energy company’s stock.

Several other equities research analysts also recently issued reports on LNG. Scotiabank set a $82.00 price objective on shares of Cheniere Energy and gave the stock a “buy” rating in a research report on Monday, August 20th. Barclays set a $77.00 price objective on shares of Cheniere Energy and gave the stock a “buy” rating in a research report on Thursday, July 5th. Cowen upgraded shares of Cheniere Energy from a “market perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a research report on Wednesday, September 26th. Zacks Investment Research downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Finally, BMO Capital Markets restated a “buy” rating and set a $81.00 price objective on shares of Cheniere Energy in a research report on Friday, July 13th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $71.75.

Cheniere Energy stock opened at $58.52 on Wednesday. Cheniere Energy has a 52 week low of $46.00 and a 52 week high of $71.03.

Cheniere Energy (NYSEAMERICAN:LNG) last posted its quarterly earnings results on Thursday, August 9th. The energy company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.32). The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the firm earned ($1.23) EPS. The business’s revenue for the quarter was up 24.3% compared to the same quarter last year.

In other news, Director David B. Kilpatrick sold 15,000 shares of Cheniere Energy stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $68.88, for a total value of $1,033,200.00. Following the completion of the sale, the director now directly owns 4,397 shares in the company, valued at $302,865.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LNG. Cerebellum GP LLC acquired a new position in Cheniere Energy during the second quarter valued at approximately $174,000. Exencial Wealth Advisors LLC acquired a new position in Cheniere Energy during the second quarter valued at approximately $202,000. Atlantic Trust LLC acquired a new position in Cheniere Energy during the second quarter valued at approximately $205,000. AMG National Trust Bank acquired a new position in Cheniere Energy during the third quarter valued at approximately $208,000. Finally, Centaurus Financial Inc. acquired a new position in Cheniere Energy during the second quarter valued at approximately $212,000.

About Cheniere Energy

Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company operates in two segments, LNG Terminal Business, and LNG and Natural Gas Marketing. It owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.

See Also: Cost of Debt

The Fly

Analyst Recommendations for Cheniere Energy (NYSEAMERICAN:LNG)

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