Cheniere Energy (NYSE:LNG) Price Target Raised to $253.00

Cheniere Energy (NYSE:LNG) had its price objective upped by analysts at Barclays from $202.00 to $253.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the energy company’s stock. Barclays‘s price target would indicate a potential upside of 0.72% from the company’s previous close.

LNG has been the topic of several other research reports. The Goldman Sachs Group lifted their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Stifel Nicolaus lifted their target price on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Royal Bank of Canada lifted their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Bank of America assumed coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 target price for the company. Finally, TD Cowen boosted their price objective on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $231.18.

Cheniere Energy Stock Up 2.2 %

NYSE:LNG traded up $5.31 during mid-day trading on Thursday, reaching $251.19. The stock had a trading volume of 817,668 shares, compared to its average volume of 1,725,551. The company has a market capitalization of $56.36 billion, a price-to-earnings ratio of 16.04 and a beta of 0.99. Cheniere Energy has a 1-year low of $152.31 and a 1-year high of $251.61. The stock’s 50 day simple moving average is $216.82 and its two-hundred day simple moving average is $194.00. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) 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 analysts’ expectations of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. Cheniere Energy’s revenue was down 9.5% on a year-over-year basis. During the same quarter last year, the company posted $2.37 earnings per share. Equities analysts anticipate that Cheniere Energy will post 12.66 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP grew its position in Cheniere Energy by 195.1% during the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock valued at $755,410,000 after buying an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA raised its position in Cheniere Energy by 91.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock worth $673,927,000 after purchasing an additional 1,789,919 shares during the period. Two Sigma Advisers LP raised its position in Cheniere Energy by 328.2% in the 3rd quarter. Two Sigma Advisers LP now owns 894,600 shares of the energy company’s stock worth $160,885,000 after purchasing an additional 685,662 shares during the period. Darlington Partners Capital Management LP raised its position in Cheniere Energy by 74.6% in the 2nd quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company’s stock worth $264,720,000 after purchasing an additional 647,096 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in Cheniere Energy by 8.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company’s stock worth $921,503,000 after purchasing an additional 413,744 shares during the period. 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.