Cheniere Energy (LNG) Coverage Initiated at Scotiabank

Scotiabank started coverage on shares of Cheniere Energy (NYSEAMERICAN:LNG) in a research report report published on Friday morning, The Fly reports. The brokerage issued an outperform rating on the energy company’s stock.

Several other equities research analysts also recently commented on the stock. Goldman Sachs Group raised shares of Cheniere Energy from a neutral rating to a buy rating in a research note on Wednesday, January 2nd. UBS Group assumed coverage on shares of Cheniere Energy in a report on Thursday, January 3rd. They issued a buy rating and a $72.00 price target for the company. Citigroup reduced their price target on shares of Cheniere Energy from $73.00 to $71.00 and set a buy rating for the company in a report on Thursday, November 29th. Barclays set a $78.00 price target on shares of Cheniere Energy and gave the company a buy rating in a report on Friday, October 12th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Cheniere Energy in a report on Wednesday, October 31st. They issued an overweight rating for the company. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $76.08.

Shares of NYSEAMERICAN:LNG opened at $65.34 on Friday. Cheniere Energy has a 52 week low of $50.08 and a 52 week high of $71.03.

In other Cheniere Energy news, General Counsel Sean N. Markowitz bought 1,700 shares of Cheniere Energy stock in a transaction that occurred on Wednesday, November 14th. The stock was acquired at an average price of $59.10 per share, for a total transaction of $100,470.00. Following the completion of the acquisition, the general counsel now owns 57,643 shares of the company’s stock, valued at approximately $3,406,701.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vicky A. Bailey sold 2,567 shares of the stock in a transaction on Wednesday, December 26th. The stock was sold at an average price of $55.90, for a total transaction of $143,495.30. Following the transaction, the director now owns 37,273 shares of the company’s stock, valued at approximately $2,083,560.70. The disclosure for this sale can be found here.

A number of institutional investors and hedge funds have recently made changes to their positions in LNG. Altshuler Shaham Ltd lifted its stake in Cheniere Energy by 53.2% in the fourth quarter. Altshuler Shaham Ltd now owns 1,700 shares of the energy company’s stock valued at $27,000 after acquiring an additional 590 shares during the last quarter. First Manhattan Co. acquired a new stake in Cheniere Energy in the fourth quarter valued at $29,000. Capital Investment Advisory Services LLC acquired a new stake in Cheniere Energy in the fourth quarter valued at $41,000. We Are One Seven LLC acquired a new stake in Cheniere Energy in the fourth quarter valued at $66,000. Finally, Meeder Asset Management Inc. acquired a new stake in Cheniere Energy in the fourth quarter valued at $68,000.

Cheniere Energy Company Profile

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.

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The Fly

Analyst Recommendations for Cheniere Energy (NYSEAMERICAN:LNG)

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