NEW YORK (TheStreet) -- Cheniere Energy (LNG) shares are climbing, up 1% to $63.15 in after-hours trading, on Thursday after the Obama administration announced that it was changing its review process for the approval of liquefied natural gas exports.
Under the new guidelines, the Department of Energy would streamline the approval process by removing conditional approvals and waiting until an export project has been reviewed by the Federal Energy Regulatory Commission before deciding whether the project was in the nation's interest.
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TheStreet Ratings team rates CHENIERE ENERGY INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate CHENIERE ENERGY INC (LNG) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and generally higher debt management risk."