Cheniere Energy, Inc. (NYSE:LNG) Receives $196.25 Average Price Target from Analysts

Cheniere Energy, Inc. (NYSE:LNG) has been given an average rating of “Moderate Buy” by the nine brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $196.25.

A number of equities analysts recently weighed in on LNG shares. Barclays upped their target price on shares of Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. TD Cowen increased their price objective on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Sanford C. Bernstein initiated coverage on Cheniere Energy in a research report on Monday, June 24th. They issued an “outperform” rating on the stock. Finally, Stifel Nicolaus reduced their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th.

Cheniere Energy Stock Down 0.6 %

Shares of Cheniere Energy stock opened at $179.60 on Thursday. The company has a market capitalization of $40.64 billion, a P/E ratio of 8.75 and a beta of 0.95. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93. The business has a 50-day moving average of $180.90 and a two-hundred day moving average of $168.28. Cheniere Energy has a 1 year low of $152.31 and a 1 year high of $187.44.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, August 8th. The energy company reported $3.84 EPS for the quarter, topping the consensus estimate of $1.71 by $2.13. The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.52 billion. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The business’s quarterly revenue was down 19.6% on a year-over-year basis. During the same period last year, the company posted $5.61 EPS. As a group, equities analysts predict that Cheniere Energy will post 9.74 EPS for the current year.

Cheniere Energy declared that its board has authorized a stock repurchase plan on Monday, June 17th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the energy company to repurchase up to 9.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Institutional Trading of Cheniere Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signature Wealth Management Group grew its position in shares of Cheniere Energy by 1.4% in the 2nd quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company’s stock valued at $832,000 after acquiring an additional 66 shares during the period. Capital Advisors Ltd. LLC increased its position in Cheniere Energy by 57.6% during the second quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock worth $33,000 after buying an additional 68 shares during the last quarter. E&G Advisors LP raised its stake in Cheniere Energy by 5.2% in the first quarter. E&G Advisors LP now owns 1,420 shares of the energy company’s stock valued at $229,000 after buying an additional 70 shares during the period. Syon Capital LLC lifted its position in shares of Cheniere Energy by 4.7% in the fourth quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock valued at $276,000 after buying an additional 73 shares during the last quarter. Finally, Accordant Advisory Group Inc lifted its position in shares of Cheniere Energy by 0.4% in the second quarter. Accordant Advisory Group Inc now owns 19,383 shares of the energy company’s stock valued at $3,389,000 after buying an additional 76 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Company Profile

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 natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate 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.