Analysts Set Cheniere Energy, Inc. (NYSE:LNG) Price Target at $266.93

Cheniere Energy, Inc. (NYSE:LNG) has been assigned an average recommendation of “Buy” from the nineteen analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, sixteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $267.6667.

Several analysts recently commented on LNG shares. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Mizuho increased their target price on shares of Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Zacks Research raised shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. BMO Capital Markets assumed coverage on shares of Cheniere Energy in a research note on Friday, September 19th. They set an “outperform” rating and a $268.00 target price for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Cheniere Energy in a report on Friday.

Institutional Trading of Cheniere Energy

Large investors have recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. grew its holdings in shares of Cheniere Energy by 134.1% during the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock valued at $25,000 after buying an additional 59 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in Cheniere Energy during the 3rd quarter worth about $25,000. Westside Investment Management Inc. grew its stake in Cheniere Energy by 473.7% during the 2nd quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock valued at $26,000 after acquiring an additional 90 shares in the last quarter. Hilltop National Bank purchased a new position in Cheniere Energy during the 2nd quarter valued at about $28,000. Finally, Richardson Financial Services Inc. purchased a new position in Cheniere Energy during the 2nd quarter valued at about $30,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

NYSE:LNG opened at $219.55 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. The company has a 50-day moving average of $233.11 and a 200-day moving average of $233.40. Cheniere Energy has a twelve month low of $181.59 and a twelve month high of $257.65. The firm has a market cap of $48.25 billion, a price-to-earnings ratio of 12.82 and a beta of 0.37.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, beating the consensus estimate of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.48 billion. During the same period in the prior year, the business earned $3.84 earnings per share. The business’s quarterly revenue was up 42.8% on a year-over-year basis. Analysts forecast that Cheniere Energy will post 11.69 earnings per share for the current fiscal year.

About Cheniere Energy

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.