Cheniere Energy (NYSE:LNG) Downgraded by

Cheniere Energy (NYSE:LNG – Get Rating) was downgraded by analysts at 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

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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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