Cheniere Energy (NYSE:LNG) Stock Moved Down to Peer Perform by Wolfe Research

Key Points

• Wolfe Research downgraded Cheniere Energy from “outperform” to “peer perform,” although the broader analyst consensus remains “Moderate Buy” with a $319.82 target price.
• Cheniere shares opened at $330.52, near their 52-week high of $330.73, and have risen above both their 50-day and 200-day moving averages.
• The company’s latest quarter showed revenue of $5.73 billion, exceeding estimates, but earnings per share of $3.02 fell short of the $3.11 consensus forecast; institutional investors own 87.26% of the stock.

Cheniere Energy (NYSE:LNG - Get Free Report) was downgraded by investment analysts at Wolfe Research from an "outperform" rating to a "peer perform" rating in a research report issued to clients and investors on Monday, Briefing.com reports.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group reaffirmed a "buy" rating and issued a $336.00 price objective on shares of Cheniere Energy in a research report on Saturday, October 10th. UBS Group reaffirmed a "buy" rating on shares of Cheniere Energy in a research report on Tuesday, September 1st. Royal Bank Of Canada increased their price objective on Cheniere Energy from $300.00 to $319.00 and gave the stock an "outperform" rating in a report on Monday, August 24th. Bank of America reissued a "buy" rating on shares of Cheniere Energy in a research report on Friday. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $340.00 target price on shares of Cheniere Energy in a research note on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $319.82.

Cheniere Energy Price Performance

Shares of LNG opened at $330.52 on Monday. The stock has a 50 day simple moving average of $282.07 and a 200 day simple moving average of $255.68. Cheniere Energy has a 52-week low of $186.20 and a 52-week high of $330.73. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.76 and a current ratio of 0.90. The firm has a market capitalization of $67.49 billion, a PE ratio of 23.06, a P/E/G ratio of 1.11 and a beta of 0.01.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing analysts' consensus estimates of $3.11 by ($0.09). The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $4.92 billion. Cheniere Energy had a net margin of 13.08% and a return on equity of 26.73%. The business's quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.30 EPS. Sell-side analysts predict that Cheniere Energy will post 19.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Cheniere Energy

A number of large investors have recently modified their holdings of LNG. Eastern Bank raised its holdings in Cheniere Energy by 130.0% during the third quarter. Eastern Bank now owns 115 shares of the energy company's stock worth $31,000 after acquiring an additional 65 shares in the last quarter. Washington Trust Advisors Inc. grew its stake in Cheniere Energy by 510.5% in 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 position in Cheniere Energy in the third quarter valued at approximately $32,000. Community Financial Services Group LLC bought a new position in Cheniere Energy in the second quarter valued at approximately $29,000. Finally, Transamerica Financial Advisors LLC increased its position in shares of Cheniere Energy by 91.3% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company's stock worth $32,000 after purchasing an additional 63 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

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.

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