Cheniere Energy (LNG) : Analyst Rating Update

Cheniere Energy (LNG) has an average broker rating of 1.64, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Cheniere Energy (LNG) : The highest level Cheniere Energy (LNG) is projected to reach is $65 for the short term and the lowest estimate is at $38. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $53 and the possibility the share price can swing is $10.55.

Cheniere Energy (NYSEMKT:LNG): The stock opened at $36.82 on Wednesday but the bulls could not build on the opening and the stock topped out at $37.50 for the day. The stock traded down to $36.50 during the day, due to lack of any buying support eventually closed down at $37.02 with a loss of -0.32% for the day. The stock had closed at $37.14 on the previous day. The total traded volume was 4,054,719 shares.

Also, Wolfe Research initiates coverage on Cheniere Energy (NYSEMKT:LNG). The rating major has initiated the coverage with outperform rating on the shares. The rating by the firm was issued on June 22, 2016. The company shares have dropped -43.01% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $71.11 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $34.56 and the 200 Day Moving Average price is recorded at $34.09.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *