Raymond James upgraded shares of Cheniere Energy (NYSEAMERICAN:LNG) from a market perform rating to an outperform rating in a report issued on Wednesday morning, BenzingaRatingsTable reports. The firm currently has $71.00 target price on the energy company’s stock.
A number of other analysts have also recently weighed in on the company. Barclays reiterated a buy rating and issued a $83.00 price target on shares of Cheniere Energy in a research report on Wednesday, October 16th. Zacks Investment Research cut Cheniere Energy from a hold rating to a sell rating and set a $68.00 price target on the stock. in a research report on Thursday, September 12th. Royal Bank of Canada started coverage on Cheniere Energy in a research report on Monday. They issued an outperform rating and a $84.00 price target on the stock. Morgan Stanley reiterated an equal weight rating and issued a $74.00 price target on shares of Cheniere Energy in a research report on Friday, September 20th. Finally, BTIG Research started coverage on Cheniere Energy in a research report on Tuesday, July 16th. They issued a neutral rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $76.44.
NYSEAMERICAN:LNG traded up $0.48 during trading hours on Wednesday, reaching $64.38. The company had a trading volume of 1,043,487 shares, compared to its average volume of 1,755,046. Cheniere Energy has a one year low of $55.09 and a one year high of $70.60.
Institutional investors have recently bought and sold shares of the business. Mechanics Bank Trust Department acquired a new position in Cheniere Energy in the third quarter worth $25,000. Valeo Financial Advisors LLC boosted its stake in Cheniere Energy by 66.7% in the third quarter. Valeo Financial Advisors LLC now owns 500 shares of the energy company’s stock worth $32,000 after purchasing an additional 200 shares in the last quarter. San Francisco Sentry Investment Group CA boosted its stake in Cheniere Energy by 130.7% in the second quarter. San Francisco Sentry Investment Group CA now owns 489 shares of the energy company’s stock worth $33,000 after purchasing an additional 277 shares in the last quarter. Quad Cities Investment Group LLC acquired a new position in Cheniere Energy in the second quarter worth $36,000. Finally, Manchester Financial Inc. acquired a new position in Cheniere Energy in the second quarter worth $38,000.
About Cheniere Energy
Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas. It 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 23-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.
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