Cheniere Energy (NYSE:LNG) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Cheniere Energy (NYSE:LNG) had its target price boosted by investment analysts at Stifel Nicolaus from $204.00 to $237.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the energy company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 4.80% from the stock’s current price.

LNG has been the topic of several other research reports. Barclays increased their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. UBS Group raised their price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada upped their price objective on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Bank of America began coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price on the stock. Finally, TD Cowen upped their price target on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $216.56.

Cheniere Energy Price Performance

Shares of LNG opened at $226.15 on Wednesday. Cheniere Energy has a 52 week low of $152.31 and a 52 week high of $228.10. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm has a market cap of $50.74 billion, a price-to-earnings ratio of 14.44 and a beta of 0.97. The stock has a 50 day moving average of $199.45 and a 200-day moving average of $182.68.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating the consensus estimate of $1.87 by $2.06. The firm had revenue of $3.76 billion during 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 firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.37 earnings per share. As a group, analysts forecast that Cheniere Energy will post 11.26 EPS for the current year.

Hedge Funds Weigh In On Cheniere Energy

Several large investors have recently bought and sold shares of LNG. MCF Advisors LLC acquired a new position in shares of Cheniere Energy during the second quarter valued at approximately $26,000. Moisand Fitzgerald Tamayo LLC bought a new position in Cheniere Energy during the 3rd quarter valued at $27,000. Carolinas Wealth Consulting LLC increased its position in shares of Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after purchasing an additional 150 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Cheniere Energy in the 3rd quarter worth $28,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Cheniere Energy in the second quarter valued at $30,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

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.