Shares of Cheniere Energy, Inc. (NYSE:LNG – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $200.00.
Several analysts recently issued reports on the stock. Stifel Nicolaus reduced their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Bank of America assumed coverage on shares of Cheniere Energy in a report on Thursday. They issued a “buy” rating and a $215.00 price objective on the stock. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a report on Monday, June 24th. They issued an “outperform” rating on the stock. Barclays boosted their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Royal Bank of Canada boosted their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday.
Read Our Latest Report on Cheniere Energy
Institutional Trading of Cheniere Energy
Cheniere Energy Trading Down 0.2 %
Shares of LNG stock opened at $182.12 on Monday. The company’s 50-day moving average price is $183.11 and its 200-day moving average price is $171.32. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. The stock has a market cap of $41.69 billion, a price-to-earnings ratio of 8.87 and a beta of 0.94. Cheniere Energy has a twelve month low of $152.31 and a twelve month high of $193.16.
Cheniere Energy (NYSE:LNG – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.12. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. As a group, equities analysts predict that Cheniere Energy will post 9.76 earnings per share for the current year.
Cheniere Energy Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were paid a dividend of $0.775 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.62. This represents a $3.10 dividend on an annualized basis and a yield of 1.70%. Cheniere Energy’s dividend payout ratio is 8.48%.
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.
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