Cheniere Energy (NYSE:LNG) Given Outperform Rating at Sanford C. Bernstein

Cheniere Energy (NYSE:LNG - Get Free Report)'s stock had its "outperform" rating reissued by research analysts at Sanford C. Bernstein in a note issued to investors on Friday, Benzinga reports. They currently have a $283.00 price objective on the energy company's stock. Sanford C. Bernstein's target price would suggest a potential downside of 1.41% from the company's current price.

A number of other analysts also recently commented on the stock. Weiss Ratings upgraded shares of Cheniere Energy from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, October 8th. TD Cowen reiterated a "buy" rating on shares of Cheniere Energy in a report on Friday, October 16th. Scotiabank set a $311.00 price objective on shares of Cheniere Energy in a report on Thursday, October 15th. Morgan Stanley reiterated an "overweight" rating and issued a $310.00 price objective on shares of Cheniere Energy in a report on Friday, August 7th. Finally, Raymond James Financial reiterated a "strong-buy" rating and issued a $340.00 price objective on shares of Cheniere Energy in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Cheniere Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $310.06.

Cheniere Energy Stock Up 1.0%

LNG stock opened at $287.04 on Friday. The company has a market cap of $59.28 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 1.13 and a beta of 0.06. The company has a current ratio of 0.87, a quick ratio of 0.72 and a debt-to-equity ratio of 1.97. Cheniere Energy has a 12 month low of $186.20 and a 12 month high of $300.89. The firm has a 50-day moving average of $278.33 and a two-hundred day moving average of $260.79.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing analysts' consensus estimates of $3.11 by ($0.09). The business had revenue of $5.73 billion during the quarter, compared to analyst estimates of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The firm's revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.30 EPS. As a group, analysts forecast that Cheniere Energy will post 16.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its holdings in Cheniere Energy by 174.3% in the first quarter. Bank of New York Mellon Corp now owns 2,244,268 shares of the energy company's stock valued at $636,834,000 after acquiring an additional 1,426,058 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Cheniere Energy by 210.1% during the 2nd quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company's stock worth $584,237,000 after purchasing an additional 1,656,194 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Cheniere Energy by 12.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,135,088 shares of the energy company's stock worth $510,307,000 after purchasing an additional 239,680 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Cheniere Energy by 50.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 867,496 shares of the energy company's stock worth $246,161,000 after purchasing an additional 289,963 shares during the period. Finally, Chickasaw Capital Management LLC boosted its position in shares of Cheniere Energy by 4.4% during the 3rd quarter. Chickasaw Capital Management LLC now owns 893,452 shares of the energy company's stock worth $240,365,000 after purchasing an additional 37,325 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

More Cheniere Energy News

Here are the key news stories impacting Cheniere Energy this week:

• Positive Sentiment: Cheniere signed two long-term sale and purchase agreements to supply QatarEnergy with approximately 4 million metric tons per year of LNG through 2054. QatarEnergy is seeking alternative supplies as the Iran war and disruptions around the Strait of Hormuz affect Middle Eastern exports, providing Cheniere with decades of contracted demand. QatarEnergy locks in US LNG supply from Cheniere as Hormuz disruption drags on
• Positive Sentiment: The QatarEnergy agreements are also tied to an expansion of Cheniere Energy Partners’ existing Sabine Pass liquefaction project. Additional export capacity could support future volume growth and improve the visibility of Cheniere’s cash flows. Cheniere develops expansion of existing Sabine Pass Liquefaction Project
• Neutral Sentiment: Analysts and market commentators expect Cheniere to beat upcoming earnings estimates, citing favorable operating trends and earnings momentum. However, these are forecasts rather than reported results; the company previously missed quarterly EPS expectations despite revenue growth. Cheniere Energy expected to beat earnings estimates
• Positive Sentiment: Zacks upgraded Cheniere to a Rank #2, or “Buy,” reflecting greater optimism about its earnings outlook and recent stock momentum. Cheniere Energy upgraded to Buy

Cheniere Energy Company Profile

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.