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

Cheniere Energy (NYSE:LNG) had its price target lifted by investment analysts at TD Cowen from $202.00 to $242.00 in a report released on Tuesday,Briefing.com Automated Import reports. The brokerage presently has a “buy” rating on the energy company’s stock. TD Cowen’s price objective points to a potential upside of 10.96% from the stock’s previous close.

Other analysts have also issued research reports about the company. Stifel Nicolaus lowered their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Barclays upped their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Bank of America initiated coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective on the stock. UBS Group increased their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada boosted their price target on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $212.89.

Cheniere Energy Stock Performance

Shares of NYSE LNG opened at $218.10 on Tuesday. The business’s 50-day simple moving average is $192.63 and its 200-day simple moving average is $179.32. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy has a 52 week low of $152.31 and a 52 week high of $225.44. The firm has a market cap of $48.94 billion, a price-to-earnings ratio of 13.93 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates 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 firm posted $2.37 earnings per share. As a group, equities research analysts expect that Cheniere Energy will post 11.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cheniere Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MCF Advisors LLC acquired a new stake in shares of Cheniere Energy in the 2nd quarter valued at $26,000. Lynx Investment Advisory acquired a new stake in Cheniere Energy in the second quarter worth about $27,000. Carolinas Wealth Consulting LLC raised its holdings in Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after purchasing an additional 150 shares during the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new position in Cheniere Energy during the 3rd quarter valued at about $27,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Cheniere Energy in the 3rd quarter valued at about $28,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

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.