Cheniere Energy, Inc. (NYSE:LNG) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Cheniere Energy, Inc. (NYSE:LNG) 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.

Institutional Trading of Cheniere Energy

A number of large investors have recently made changes to their positions in LNG. Quarry LP increased its stake in shares of Cheniere Energy by 156.3% during the fourth quarter. Quarry LP now owns 305 shares of the energy company’s stock worth $52,000 after buying an additional 186 shares during the period. V Square Quantitative Management LLC increased its stake in shares of Cheniere Energy by 49.3% during the fourth quarter. V Square Quantitative Management LLC now owns 3,299 shares of the energy company’s stock worth $563,000 after buying an additional 1,089 shares during the period. Syon Capital LLC increased its stake in shares of Cheniere Energy by 4.7% during the fourth quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock worth $276,000 after buying an additional 73 shares during the period. Scarborough Advisors LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter worth approximately $45,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Cheniere Energy by 37.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 615,067 shares of the energy company’s stock worth $30,624,000 after buying an additional 167,567 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

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) 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.