Zacks Research Upgrades Cheniere Energy (NYSE:LNG) to Strong-Buy

Cheniere Energy (NYSE:LNG – Get Free Report) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday, Zacks reports.

A number of other brokerages also recently issued reports on LNG. Weiss Ratings raised shares of Cheniere Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Argus set a $330.00 price objective on shares of Cheniere Energy in a research report on Tuesday, August 18th. Wall Street Zen raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. UBS Group reaffirmed a “buy” rating on shares of Cheniere Energy in a report on Tuesday, September 1st. Finally, Wells Fargo & Company upped their target price on shares of Cheniere Energy from $335.00 to $374.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Cheniere Energy has a consensus rating of “Buy” and a consensus price target of $324.41.

View Our Latest Analysis on Cheniere Energy

Cheniere Energy Stock Performance

NYSE:LNG opened at $291.74 on Tuesday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.76 and a current ratio of 0.90. Cheniere Energy has a 52-week low of $186.20 and a 52-week high of $330.73. The firm has a market cap of $59.57 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 0.95 and a beta of 0.01. The business’s fifty day moving average is $283.62 and its 200 day moving average is $257.28.

Cheniere Energy (NYSE:LNG – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). Cheniere Energy had a return on equity of 26.73% and a net margin of 13.08%. The company had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same period last year, the company posted $7.30 EPS. The business’s revenue for the quarter was up 23.5% on a year-over-year basis. Research analysts predict that Cheniere Energy will post 21.74 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Eastern Bank raised its stake in shares of Cheniere Energy by 130.0% during the third quarter. Eastern Bank now owns 115 shares of the energy company’s stock valued at $31,000 after acquiring an additional 65 shares during the last quarter. Washington Trust Advisors Inc. boosted its position in shares of Cheniere Energy by 510.5% during the third quarter. Washington Trust Advisors Inc. now owns 116 shares of the energy company’s stock valued at $31,000 after purchasing an additional 97 shares in the last quarter. Curry Webb Wealth Management LLC bought a new stake in shares of Cheniere Energy during the 3rd quarter valued at $32,000. Community Financial Services Group LLC purchased a new stake in Cheniere Energy in the second quarter worth about $29,000. Finally, Transamerica Financial Advisors LLC grew its stake in shares of Cheniere Energy by 91.3% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company’s stock worth $32,000 after buying an additional 63 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

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About Cheniere Energy

(Get Free Report)

Cheniere Energy, Inc is an energy infrastructure company engaged primarily in the production and export of liquefied natural gas (LNG). The company purchases natural gas, processes it through liquefaction facilities, and delivers LNG to customers in international energy markets. Its operations also include natural gas procurement, transportation, storage, and LNG marketing.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility near Corpus Christi, Texas.

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