Cheniere Energy (NYSE:LNG) Shares Gap Up Following Analyst Upgrade

Shares of Cheniere Energy, Inc. (NYSE:LNGGet Rating) gapped up prior to trading on Tuesday after Mizuho raised their price target on the stock from $167.00 to $174.00. The stock had previously closed at $160.73, but opened at $165.00. Mizuho currently has a buy rating on the stock. Cheniere Energy shares last traded at $166.43, with a volume of 32,415 shares trading hands.

Other research analysts also recently issued research reports about the stock. StockNews.com upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating in a research report on Saturday, September 3rd. Barclays upped their price objective on shares of Cheniere Energy from $160.00 to $186.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 16th. Finally, Wells Fargo & Company dropped their price target on Cheniere Energy to $179.00 and set an “overweight” rating for the company in a research note on Friday, May 20th.

Cheniere Energy Stock Up 5.1 %

The firm has a market capitalization of $43.50 billion, a P/E ratio of -17.42, a PEG ratio of 0.14 and a beta of 1.12. The stock has a fifty day moving average price of $150.47.

Cheniere Energy (NYSE:LNGGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $2.90 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.07. Cheniere Energy had a negative return on equity of 800.57% and a negative net margin of 10.02%. The company had revenue of $8.01 billion for the quarter, compared to analyst estimates of $6.90 billion. Research analysts anticipate that Cheniere Energy, Inc. will post 18.3 EPS for the current fiscal year.

About Cheniere Energy

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Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.

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