Cheniere Energy (NYSE:LNG) Price Target Raised to $265.00 at UBS Group

Cheniere Energy (NYSE:LNG) had its target price hoisted by analysts at UBS Group from $232.00 to $265.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the energy company’s stock. UBS Group’s price target would indicate a potential upside of 25.28% from the company’s previous close.

LNG has been the subject of a number of other research reports. Bank of America started coverage on Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target for the company. Royal Bank of Canada lifted their price objective on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Barclays lifted their price objective on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Stifel Nicolaus dropped their price objective 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. Finally, TD Cowen lifted their price objective on Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $208.44.

Cheniere Energy Stock Performance

Shares of NYSE LNG traded up $0.74 during mid-day trading on Friday, hitting $211.52. 229,090 shares of the company were exchanged, compared to its average volume of 1,777,134. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The stock has a 50 day simple moving average of $187.01 and a 200-day simple moving average of $176.06. Cheniere Energy has a 1-year low of $152.31 and a 1-year high of $217.95. The firm has a market cap of $47.46 billion, a price-to-earnings ratio of 13.51 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the company earned $2.37 earnings per share. Cheniere Energy’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, sell-side analysts forecast that Cheniere Energy will post 11.26 EPS for the current fiscal year.

Institutional Trading of Cheniere Energy

Institutional investors have recently modified their holdings of the company. Crewe Advisors LLC purchased a new stake in shares of Cheniere Energy during the first quarter valued at $26,000. MCF Advisors LLC purchased a new stake in shares of Cheniere Energy during the second quarter valued at $26,000. Lynx Investment Advisory purchased a new stake in shares of Cheniere Energy during the second quarter valued at $27,000. Carolinas Wealth Consulting LLC lifted its holdings in shares of Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Cheniere Energy during the third quarter valued at $27,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

About Cheniere Energy

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.