Cheniere Energy (NYSE:LNG) Price Target Raised to $250.00 at TD Cowen

Cheniere Energy (NYSE:LNG) had its price target lifted by research analysts at TD Cowen from $242.00 to $250.00 in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. The firm presently has a “buy” rating on the energy company’s stock. TD Cowen’s price target suggests a potential upside of 7.89% from the stock’s previous close.

LNG has been the subject of a number of other research reports. UBS Group boosted their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company upped their price objective on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Barclays raised their target price on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Scotiabank upped their price target on Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Finally, Bank of America assumed 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. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $232.36.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $231.73 on Monday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The company has a market cap of $51.99 billion, a price-to-earnings ratio of 14.80 and a beta of 0.99. The stock’s 50-day moving average is $222.57 and its two-hundred day moving average is $197.94. Cheniere Energy has a 1-year low of $152.31 and a 1-year high of $257.65.

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, topping analysts’ consensus estimates of $1.87 by $2.06. The firm 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 business’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.37 earnings per share. Analysts forecast that Cheniere Energy will post 12.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LNG. MassMutual Private Wealth & Trust FSB raised its holdings in Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after purchasing an additional 75 shares in the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Cheniere Energy during the 3rd quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new position in shares of Cheniere Energy during the 3rd quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Cheniere Energy in the 2nd quarter valued at approximately $30,000. Finally, Adirondack Trust Co. purchased a new stake in shares of Cheniere Energy in the fourth quarter valued at approximately $43,000. 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.