Cheniere Energy (NYSE:LNG) Stock Price Expected to Rise, TD Cowen Analyst Says

Cheniere Energy (NYSE:LNG) had its price objective increased by analysts at TD Cowen from $242.00 to $250.00 in a research report issued on Monday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the energy company’s stock. TD Cowen’s target price suggests a potential upside of 10.41% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Royal Bank of Canada upped their price target on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Wells Fargo & Company lifted their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. UBS Group boosted 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. Bank of America initiated coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price on the stock. Finally, Stifel Nicolaus increased their price target on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $232.36.

Cheniere Energy Trading Up 0.9 %

NYSE LNG opened at $226.43 on Monday. The company has a market capitalization of $50.80 billion, a price-to-earnings ratio of 14.46 and a beta of 0.99. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. Cheniere Energy has a 12 month low of $152.31 and a 12 month high of $257.65. The company’s fifty day moving average price is $222.75 and its two-hundred day moving average price is $198.27.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06. The business had revenue of $3.76 billion for 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 company’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.37 earnings per share. As a group, research analysts predict that Cheniere Energy will post 12.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cheniere Energy

A number of hedge funds and other institutional investors have recently modified their holdings of LNG. The Manufacturers Life Insurance Company increased its stake in Cheniere Energy by 3.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company’s stock valued at $978,047,000 after buying an additional 167,575 shares during the period. Wellington Management Group LLP increased its stake in shares of Cheniere Energy by 195.1% during the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock valued at $755,410,000 after acquiring an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Cheniere Energy by 91.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock worth $673,927,000 after purchasing an additional 1,789,919 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Cheniere Energy by 11.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,793,989 shares of the energy company’s stock worth $322,631,000 after purchasing an additional 178,318 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in Cheniere Energy by 61.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company’s stock worth $357,638,000 after purchasing an additional 631,787 shares during the period. 87.26% of the stock is currently owned by 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.