Barclays Capital disclosed Cheniere Energy LNG (NYSE:LNG), boosting its price target to $58.00 earlier today
- Updated: April 20, 2017
Stating a potential upside of 0.26%, Barclays Capital raised the target price of Cheniere Energy LNG (NYSE:LNG) to $58.00
On 04/19/2017, Zacks Investment Research released a statement for Cheniere Energy LNG (NYSE:LNG) bumped up the target price from $0.00 to $53.00 that suggested an upside of 0.16%.
Displaying a price of $46.13, Cheniere Energy LNG (NYSE:LNG) traded -2.47% lower on the day. With the last close up 5.01% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same period. Cheniere Energy LNG has recorded a 50-day average of $46.24 and a two hundred day average of $43.58. Volume of trade was up over the average, with 3,782,359 shares of LNG changing hands over the typical 2,055,700
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Cheniere Energy LNG has a 52 week low of $31.02 and a 52 week high of $50.53 The company’s market cap is currently $0.
In addition to Barclays Capital reporting its target price, a total of 10 firms have reported on the stock. The consensus target price is $56.70 with 3 firms rating the stock a strong buy, 7 firms rating the stock a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Cheniere Energy LNG (NYSE:LNG)
Cheniere Energy, Inc. (Cheniere) is an energy company primarily engaged in liquefied natural gas (LNG)-related businesses. The Company operates through two segments: LNG terminal business, and LNG and natural gas marketing business. Its LNG terminal segment consists of the Sabine Pass and Corpus Christi LNG terminals. Its LNG and natural gas marketing segment consists of LNG and natural gas marketing activities by Cheniere Marketing. Cheniere Marketing is developing a portfolio of long- and medium-term SPAs with professional staff based in the United States, the United Kingdom, Singapore and Chile. The Company conducts its business through its subsidiaries, including the development, construction and operation of its LNG terminal business and the development and operation of its LNG and natural gas marketing business. The Company owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Partners.
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