Cheniere Energy, Inc. (NYSE:LNG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Cheniere Energy, Inc. (NYSE:LNG) have been given an average recommendation of “Moderate Buy” by the ten analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $201.89.

LNG has been the subject of a number of research analyst reports. TD Cowen lifted their target price on Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday. 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 report on Wednesday, October 16th. Bank of America started coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective for the company. Barclays lifted their target price on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus lowered their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th.

Institutional Investors Weigh In On Cheniere Energy

Several institutional investors have recently bought and sold shares of the company. Crewe Advisors LLC purchased a new stake in shares of Cheniere Energy during the 1st quarter valued at approximately $26,000. MCF Advisors LLC acquired a new position in shares of Cheniere Energy during the second quarter worth $26,000. Lynx Investment Advisory acquired a new position in shares of Cheniere Energy during the second quarter worth $27,000. Carolinas Wealth Consulting LLC boosted its stake in Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after acquiring an additional 150 shares in the last quarter. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in Cheniere Energy in the third quarter valued at $27,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Trading Up 2.0 %

LNG opened at $201.95 on Friday. Cheniere Energy has a 52 week low of $152.31 and a 52 week high of $202.77. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The stock has a market cap of $45.31 billion, a PE ratio of 12.90 and a beta of 0.94. The business has a 50 day moving average of $183.85 and a 200-day moving average of $174.06.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share 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 analyst estimates of $3.76 billion. During the same quarter last year, the company earned $2.37 EPS. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. Equities research analysts predict that Cheniere Energy will post 10.56 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Friday, November 8th. Cheniere Energy’s payout ratio is 11.11%.

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.