Cheniere Energy, Inc. (LNG) Given Consensus Recommendation of “Buy” by Analysts

Cheniere Energy, Inc. (NYSE:LNG) has earned a consensus recommendation of “Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $53.76.

A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Barclays PLC upped their price objective on shares of Cheniere Energy from $53.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, April 19th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $58.00 price objective (up from $55.00) on shares of Cheniere Energy in a report on Saturday, April 22nd. BidaskClub downgraded shares of Cheniere Energy from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Morgan Stanley downgraded shares of Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective on the stock. in a report on Tuesday, June 13th.

Cheniere Energy (LNG) opened at 41.11 on Tuesday. The stock’s 50 day moving average is $46.33 and its 200 day moving average is $47.03. The stock’s market cap is $9.56 billion. Cheniere Energy has a 52 week low of $35.07 and a 52 week high of $51.41.

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A number of hedge funds have recently made changes to their positions in LNG. Howard Hughes Medical Institute increased its stake in shares of Cheniere Energy by 1.0% in the second quarter. Howard Hughes Medical Institute now owns 70,296 shares of the energy company’s stock worth $3,424,000 after buying an additional 708 shares during the period. ProShare Advisors LLC increased its stake in shares of Cheniere Energy by 2.3% in the second quarter. ProShare Advisors LLC now owns 20,976 shares of the energy company’s stock worth $1,022,000 after buying an additional 462 shares during the period. Amalgamated Bank increased its stake in shares of Cheniere Energy by 91.0% in the second quarter. Amalgamated Bank now owns 20,703 shares of the energy company’s stock worth $1,008,000 after buying an additional 9,863 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Cheniere Energy by 59.0% in the second quarter. TIAA CREF Investment Management LLC now owns 1,346,546 shares of the energy company’s stock worth $65,590,000 after buying an additional 499,551 shares during the period. Finally, Teachers Advisors LLC increased its stake in shares of Cheniere Energy by 1.2% in the second quarter. Teachers Advisors LLC now owns 315,798 shares of the energy company’s stock worth $15,383,000 after buying an additional 3,891 shares during the period.

Cheniere Energy Company Profile

Cheniere Energy, Inc (Cheniere) is an energy company primarily engaged in liquefied natural gas (LNG)-related businesses. The Company operates through two segments: LNG terminal business, and LNG and natural gas marketing business. Its LNG terminal segment consists of the Sabine Pass and Corpus Christi LNG terminals.

Analyst Recommendations for Cheniere Energy (NYSE:LNG)

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