Cheniere Energy (NYSE:LNG – Get Free Report) had its target price boosted by JPMorgan Chase & Co. from $213.00 to $214.00 in a report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the energy company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 33.62% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Redburn Atlantic began coverage on shares of Cheniere Energy in a report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price target for the company. TD Cowen lowered their target price on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. Stifel Nicolaus upped their price target on Cheniere Energy from $204.00 to $208.00 and gave the stock a “buy” rating in a report on Monday, May 6th. UBS Group lowered their price objective on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Finally, StockNews.com cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $198.00.
Read Our Latest Stock Report on LNG
Cheniere Energy Stock Performance
LNG opened at $160.16 on Friday. The business’s 50-day moving average is $158.42. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.92 and a current ratio of 0.98. Cheniere Energy has a 52-week low of $135.30 and a 52-week high of $183.46. The company has a market cap of $36.66 billion, a P/E ratio of 7.80 and a beta of 0.95.
Cheniere Energy (NYSE:LNG – Get Free Report) last released its quarterly earnings results on Friday, May 3rd. The energy company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $3.97 billion. Cheniere Energy had a net margin of 28.55% and a return on equity of 48.19%. The company’s revenue for the quarter was down 41.8% compared to the same quarter last year. During the same period in the prior year, the business earned $6.89 EPS. On average, research analysts predict that Cheniere Energy will post 8.54 earnings per share for the current year.
Hedge Funds Weigh In On Cheniere Energy
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Cheniere Energy by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 22,529,191 shares of the energy company’s stock worth $3,845,958,000 after acquiring an additional 151,311 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Cheniere Energy by 5.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,052,497 shares of the energy company’s stock worth $672,559,000 after purchasing an additional 220,802 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in Cheniere Energy by 10.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,960,944 shares of the energy company’s stock valued at $316,261,000 after purchasing an additional 192,934 shares during the last quarter. Pacer Advisors Inc. boosted its position in Cheniere Energy by 3.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,950,011 shares of the energy company’s stock valued at $332,886,000 after buying an additional 64,297 shares in the last quarter. Finally, Norges Bank bought a new stake in Cheniere Energy during the fourth quarter worth about $308,910,000. Institutional investors 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.
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