Cheniere Energy (NYSE:LNG) Downgraded by StockNews.com


Cheniere Energy (NYSE:LNG – Get Rating) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.

Separately, Wells Fargo & Company reduced their target price on Cheniere Energy to $179.00 and set an “overweight” rating on the stock in a report on Friday, May 20th.

Cheniere Energy Stock Performance

NYSE LNG traded down $3.12 during trading on Friday, reaching $134.10. 1,316,685 shares of the company traded hands, compared to its average volume of 2,264,463. The stock has a 50 day moving average price of $132.32. The firm has a market capitalization of $34.08 billion, a P/E ratio of -9.44, a price-to-earnings-growth ratio of 0.15 and a beta of 1.15. Cheniere Energy has a 1-year low of $82.15 and a 1-year high of $150.00.

Cheniere Energy (NYSE:LNG – Get Rating) last announced its earnings results on Wednesday, May 4th. The company reported $7.35 EPS for the quarter, topping the consensus estimate of $3.34 by $4.01. The business had revenue of $7.48 billion for the quarter, compared to the consensus estimate of $6.32 billion. Cheniere Energy had a positive return on equity of 341.83% and a negative net margin of 17.78%. Equities research analysts forecast that Cheniere Energy will post 16.14 earnings per share for the current fiscal year.

Cheniere Energy Company Profile

(Get Rating)

Ad Tradewins

The Safest Option in Trades!

If you’re new to trading, then you’ve probably heard the wrong thing about options—that they’re risky, unpredictable, or difficult. And it couldn’t be more wrong! With the Hughes Optioneering Strategy, you’ll soon learn that the safest option for new accounts is options themselves!

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.

Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should you invest $1,000 in Cheniere Energy right now?

Before you consider Cheniere Energy, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Cheniere Energy wasn’t on the list.

While Cheniere Energy currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

.

Leave a Comment

Your email address will not be published.