Cheniere Energy Now Covered by Analysts at Goldman Sachs Group Inc. (LNG)
Posted by Seth Barnet on Jan 7th, 2014Equities research analysts at Goldman Sachs Group Inc. started coverage
on shares of Cheniere Energy (NYSE:LNG) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of Cheniere Energy ( NYSE:LNG ) opened at 43.30 on Tuesday. Cheniere Energy has a 1-year low of $19.64 and a 1-year high of $46.39. The stock’s 50-day moving average is $41.98 and its 200-day moving average is $34.59. The company’s market cap is $9.558 billion.
Cheniere Energy (NYSE:LNG) last released its earnings data on Friday, November 8th. The company reported ($0.46) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.56) by $0.10. The company had revenue of $67.70 million for the quarter, compared to the consensus estimate of $65.61 million. During the same quarter in the previous year, the company posted ($0.67) earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Analysts expect that Cheniere Energy will post $-1.54 EPS for the current fiscal year.
A number of other firms have also recently commented on LNG. Analysts at Zacks upgraded shares of Cheniere Energy from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, December 25th. They now have a $46.30 price target on the stock. Separately, analysts at BTIG Research raised their price target on shares of Cheniere Energy to $55.00 in a research note to investors on Monday, November 18th. Finally, analysts at Deutsche Bank raised their price target on shares of Cheniere Energy from $39.00 to $47.00 in a research note to investors on Wednesday, October 16th. They now have a “ buy ” rating on the stock. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $43.33.
Cheniere Energy, Inc ( NYSE:LNG ) is engaged in liquid natural gas LNG-related businesses.
