Cheniere Energy, Inc. (NYSEAMERICAN) (NASDAQ:LNG) Given $80.11 Average Target Price by Analysts

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Cheniere Energy, Inc. (NYSEAMERICAN) (NASDAQ:LNG) has been given an average broker rating score of 1.33 (Strong Buy) from the twelve brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation and ten have assigned a strong buy recommendation to the company. Cheniere Energy, Inc. (NYSEAMERICAN)’s rating score has declined by 13.7% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Analysts have set a 1-year consensus price target of $80.11 for the company and are anticipating that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also assigned Cheniere Energy, Inc. (NYSEAMERICAN) an industry rank of 164 out of 256 based on the ratings given to its competitors.

Separately, BidaskClub cut Zynga from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th.

Shares of LNG traded down $0.21 during mid-day trading on Monday, reaching $67.01. 1,238,770 shares of the company’s stock traded hands, compared to its average volume of 1,758,806. The firm’s 50-day moving average is $67.43. Cheniere Energy, Inc. has a 12 month low of $55.09 and a 12 month high of $71.03.

Cheniere Energy, Inc. (NYSEAMERICAN) (NASDAQ:LNG) last released its earnings results on Thursday, May 9th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.25. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $1.69 billion.

Cheniere Energy, Inc. (NYSEAMERICAN) 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.

Further Reading: What are some reasons analysts would give stocks a buy rating?

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