Morgan Stanley Forecasts Strong Price Appreciation for Cheniere Energy (NYSE:LNG) Stock

Cheniere Energy (NYSE:LNG) had its price objective hoisted by equities researchers at Morgan Stanley from $195.00 to $255.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the energy company’s stock. Morgan Stanley’s price target indicates a potential upside of 10.70% from the stock’s current price.

A number of other research firms have also recently weighed in on LNG. UBS Group upped their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Scotiabank lifted their price objective on shares of Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Barclays boosted their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. The Goldman Sachs Group raised their price target 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. Finally, Bank of America initiated coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and a consensus price target of $234.25.

Cheniere Energy Stock Up 1.0 %

Shares of NYSE:LNG opened at $230.35 on Friday. 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 cap of $51.68 billion, a price-to-earnings ratio of 14.71 and a beta of 0.99. The stock’s 50-day moving average price is $223.13 and its two-hundred day moving average price is $199.04. Cheniere Energy has a 12-month low of $152.31 and a 12-month high of $257.65.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the company posted $2.37 EPS. The business’s quarterly revenue was down 9.5% on a year-over-year basis. On average, research analysts forecast that Cheniere Energy will post 12.67 EPS for the current year.

Institutional Trading of Cheniere Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kerusso Capital Management LLC acquired a new position in Cheniere Energy during the 4th quarter worth $1,872,000. J.W. Cole Advisors Inc. lifted its holdings in Cheniere Energy by 22.9% in the fourth quarter. J.W. Cole Advisors Inc. now owns 4,260 shares of the energy company’s stock valued at $915,000 after buying an additional 794 shares during the period. Hourglass Capital LLC boosted its stake in Cheniere Energy by 0.6% in the fourth quarter. Hourglass Capital LLC now owns 10,950 shares of the energy company’s stock valued at $2,353,000 after acquiring an additional 60 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in Cheniere Energy during the 4th quarter worth $3,516,000. Finally, Allworth Financial LP boosted its position in shares of Cheniere Energy by 20.8% in the 4th quarter. Allworth Financial LP now owns 6,544 shares of the energy company’s stock worth $1,527,000 after purchasing an additional 1,125 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

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.