Cheniere Energy (NYSE:LNG) Upgraded to Buy at StockNews.com

Cheniere Energy (NYSE:LNG) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

Other analysts also recently issued research reports about the company. Stifel Nicolaus increased their target price on Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a research note on Friday. TD Cowen increased their price objective on Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Barclays boosted their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Scotiabank increased their price target on shares of Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Finally, Morgan Stanley raised their price target on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $235.75.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock traded down $6.02 on Friday, reaching $220.90. The stock had a trading volume of 2,487,404 shares, compared to its average volume of 2,424,408. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The business’s 50-day moving average price is $222.92 and its two-hundred day moving average price is $203.27. The stock has a market cap of $49.56 billion, a P/E ratio of 14.11 and a beta of 0.98. Cheniere Energy has a fifty-two week low of $152.31 and a fifty-two week high of $257.65.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $1.59. The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. On average, sell-side analysts forecast that Cheniere Energy will post 12.77 EPS for the current year.

Institutional Investors Weigh In On Cheniere Energy

Institutional investors have recently added to or reduced their stakes in the stock. Forum Financial Management LP raised its holdings in shares of Cheniere Energy by 2.0% in the 4th quarter. Forum Financial Management LP now owns 2,822 shares of the energy company’s stock worth $606,000 after buying an additional 56 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new stake in Cheniere Energy in the fourth quarter valued at $3,463,000. Public Employees Retirement System of Ohio raised its stake in Cheniere Energy by 10.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 95,632 shares of the energy company’s stock worth $20,548,000 after acquiring an additional 8,944 shares in the last quarter. Hudson Value Partners LLC lifted its holdings in shares of Cheniere Energy by 5.3% during the fourth quarter. Hudson Value Partners LLC now owns 12,386 shares of the energy company’s stock valued at $2,661,000 after acquiring an additional 628 shares during the period. Finally, Vega Investment Solutions acquired a new stake in shares of Cheniere Energy in the 4th quarter valued at $190,000. 87.26% of the stock is 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.