Royal Bank Of Canada Has Lowered Expectations for Cheniere Energy (NYSE:LNG) Stock Price

Cheniere Energy (NYSE:LNG) had its target price lowered by research analysts at Royal Bank Of Canada from $282.00 to $271.00 in a report issued on Wednesday,MarketScreener reports. The firm currently has an “outperform” rating on the energy company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 27.69% from the stock’s current price.

Several other research analysts have also recently weighed in on LNG. Zacks Research cut shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $278.00 price objective (up from $275.00) on shares of Cheniere Energy in a research report on Friday, October 24th. Jefferies Financial Group set a $251.00 target price on Cheniere Energy in a research report on Sunday. Wells Fargo & Company lowered their price objective on shares of Cheniere Energy from $284.00 to $280.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Finally, Bank of America reduced their target price on shares of Cheniere Energy from $274.00 to $271.00 and set a “buy” rating for the company in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $263.72.

Cheniere Energy Trading Down 0.4%

LNG traded down $0.75 during midday trading on Wednesday, reaching $212.24. 332,106 shares of the company were exchanged, compared to its average volume of 1,882,043. The stock has a market capitalization of $45.68 billion, a P/E ratio of 11.82, a PEG ratio of 6.69 and a beta of 0.26. Cheniere Energy has a one year low of $186.20 and a one year high of $246.42. The stock’s 50-day simple moving average is $199.19 and its 200 day simple moving average is $218.44. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.81 and a current ratio of 0.94.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a net margin of 21.12% and a return on equity of 37.52%. The business had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same period last year, the company posted $3.93 EPS. Cheniere Energy’s revenue for the quarter was up 18.0% on a year-over-year basis. As a group, analysts forecast that Cheniere Energy will post 11.69 earnings per share for the current fiscal year.

Insider Activity

In other Cheniere Energy news, Director W Benjamin Moreland purchased 5,000 shares of Cheniere Energy stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average price of $208.22 per share, for a total transaction of $1,041,100.00. Following the completion of the acquisition, the director owned 9,856 shares of the company’s stock, valued at approximately $2,052,216.32. This trade represents a 102.97% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LNG. Salomon & Ludwin LLC bought a new position in Cheniere Energy during the third quarter worth $25,000. Westside Investment Management Inc. boosted its holdings in shares of Cheniere Energy by 473.7% during the 2nd quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock worth $26,000 after buying an additional 90 shares during the period. Hilltop National Bank acquired a new position in Cheniere Energy in the 2nd quarter valued at about $28,000. Caitong International Asset Management Co. Ltd bought a new position in Cheniere Energy in the 3rd quarter valued at about $27,000. Finally, Richardson Financial Services Inc. acquired a new stake in Cheniere Energy during the second quarter worth approximately $30,000. 87.26% of the stock is owned by institutional investors and hedge funds.

About Cheniere Energy

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.