Cheniere Energy (NYSE:LNG) Price Target Raised to $254.00 at Scotiabank

Cheniere Energy (NYSE:LNG) had its price target increased by equities research analysts at Scotiabank from $247.00 to $254.00 in a report released on Thursday,Benzinga reports. The firm currently has a “sector outperform” rating on the energy company’s stock. Scotiabank’s target price would suggest a potential upside of 15.16% from the stock’s current price.

A number of other brokerages also recently issued reports on LNG. TD Cowen upped their price target on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. UBS Group upped their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Morgan Stanley upped their target price on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Stifel Nicolaus upped their target price on Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, The Goldman Sachs Group upped their target price on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus price target of $236.33.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $220.57 on Thursday. The business’s fifty day simple moving average is $225.15 and its 200-day simple moving average is $206.21. The company has a market cap of $49.33 billion, a PE ratio of 15.50 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy has a 12-month low of $152.88 and a 12-month high of $257.65.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $1.59. The business had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. Analysts expect that Cheniere Energy will post 11.69 earnings per share for the current fiscal year.

Insider Transactions at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the sale, the director now directly owns 33,934 shares of the company’s stock, valued at $7,448,852.34. This represents a 20.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Cheniere Energy

Several hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its stake in shares of Cheniere Energy by 10.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock worth $99,000 after acquiring an additional 43 shares in the last quarter. Flagship Harbor Advisors LLC raised its position in shares of Cheniere Energy by 2.0% during the 4th quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock worth $503,000 after purchasing an additional 46 shares during the last quarter. BIP Wealth LLC raised its position in shares of Cheniere Energy by 1.4% during the 4th quarter. BIP Wealth LLC now owns 3,545 shares of the energy company’s stock worth $762,000 after purchasing an additional 50 shares during the last quarter. Glen Eagle Advisors LLC raised its position in shares of Cheniere Energy by 3.7% during the 4th quarter. Glen Eagle Advisors LLC now owns 1,488 shares of the energy company’s stock worth $320,000 after purchasing an additional 53 shares during the last quarter. Finally, NDVR Inc. raised its position in shares of Cheniere Energy by 4.8% during the 4th quarter. NDVR Inc. now owns 1,188 shares of the energy company’s stock worth $255,000 after purchasing an additional 54 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

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.