Zacks: Cheniere Energy, Inc. (NYSEAMERICAN) (LNG) Given $77.82 Consensus Price Target by Analysts

Shares of Cheniere Energy, Inc. (NYSEAMERICAN) (NASDAQ:LNG) have been assigned an average broker rating score of 1.15 (Strong Buy) from the thirteen analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and twelve have given a strong buy recommendation to the company. Cheniere Energy, Inc. (NYSEAMERICAN)’s rating score has improved by 1.7% in the last three months as a result of various analysts’ ratings changes.

Brokerages have set a 1 year consensus price objective of $77.82 for the company and are forecasting that the company will post $0.22 earnings per share for the current quarter, according to Zacks. Zacks has also given Cheniere Energy, Inc. (NYSEAMERICAN) an industry rank of 47 out of 256 based on the ratings given to related companies.

Separately, BidaskClub cut shares of Cheniere Energy, Inc. (NYSEAMERICAN) from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 18th.

Shares of Cheniere Energy, Inc. (NYSEAMERICAN) stock traded down $0.60 on Friday, hitting $67.21. 1,680,931 shares of the company’s stock traded hands, compared to its average volume of 1,751,541. Cheniere Energy, Inc. has a one year low of $55.09 and a one year high of $71.03.

Cheniere Energy, Inc. (NYSEAMERICAN) (NASDAQ:LNG) last released its quarterly earnings data on Tuesday, February 26th. The company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.10). The company had revenue of $2.38 billion for the quarter, compared to analyst estimates of $1.78 billion.

About Cheniere Energy, Inc. (NYSEAMERICAN)

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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