Barclays Raises Cheniere Energy (NYSE:LNG) Price Target to $253.00

Cheniere Energy (NYSE:LNG) had its price target boosted by equities researchers at Barclays from $202.00 to $253.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the energy company’s stock. Barclays‘s price objective indicates a potential upside of 0.12% from the stock’s previous close.

LNG has been the subject of a number of other research reports. UBS Group increased their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada boosted their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group raised their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. TD Cowen boosted their target price on shares of Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Wells Fargo & Company raised their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and an average price target of $231.18.

Cheniere Energy Trading Down 0.4 %

Shares of Cheniere Energy stock opened at $252.70 on Thursday. The firm’s 50 day simple moving average is $219.76 and its two-hundred day simple moving average is $195.33. Cheniere Energy has a 12-month low of $152.31 and a 12-month high of $257.65. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $56.70 billion, a price-to-earnings ratio of 16.14 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $2.06. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business’s revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.37 EPS. Analysts predict that Cheniere Energy will post 12.66 EPS for the current year.

Institutional Investors Weigh In On Cheniere Energy

Several large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its position in shares of Cheniere Energy by 3.2% during the third quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company’s stock worth $978,047,000 after acquiring an additional 167,575 shares during the period. Wellington Management Group LLP increased its holdings in Cheniere Energy by 195.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock worth $755,410,000 after purchasing an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA raised its position in Cheniere Energy by 91.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock valued at $673,927,000 after purchasing an additional 1,789,919 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Cheniere Energy by 7.4% during the second quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock worth $510,825,000 after buying an additional 202,097 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Cheniere Energy by 5.1% during the second quarter. Canada Pension Plan Investment Board now owns 2,060,622 shares of the energy company’s stock worth $360,259,000 after buying an additional 99,678 shares during the period. 87.26% of the stock is owned by hedge funds and other 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.