Cheniere Energy (NYSE:LNG - Get Free Report) was upgraded by equities researchers at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Tuesday, Zacks reports.
Other equities research analysts also recently issued reports about the stock. Raymond James Financial reaffirmed a "strong-buy" rating and set a $340.00 target price on shares of Cheniere Energy in a research note on Monday, October 19th. JPMorgan Chase & Co. raised their price target on shares of Cheniere Energy from $334.00 to $344.00 and gave the company an "overweight" rating in a research report on Friday, October 23rd. Weiss Ratings upgraded shares of Cheniere Energy from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Sanford C. Bernstein restated an "outperform" rating and issued a $283.00 price target on shares of Cheniere Energy in a research note on Thursday, October 29th. Finally, Scotiabank upped their price objective on Cheniere Energy from $311.00 to $327.00 and gave the stock a "sector outperform" rating in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Cheniere Energy has an average rating of "Buy" and an average price target of $324.41.
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Cheniere Energy Stock Down 6.2%
Cheniere Energy stock opened at $291.74 on Tuesday. Cheniere Energy has a fifty-two week low of $186.20 and a fifty-two 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 50 day moving average price of $283.62 and a 200 day moving average price of $257.28. The company has a market capitalization of $59.57 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 0.95 and a beta of 0.01.
Cheniere Energy (NYSE:LNG - Get Free Report) last posted its earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.11 by ($0.09). Cheniere Energy had a return on equity of 26.73% and a net margin of 13.08%. The firm had revenue of $5.73 billion for the quarter, compared to analyst estimates of $4.92 billion. During the same period in the previous year, the company posted $7.30 EPS. Cheniere Energy's revenue was up 23.5% on a year-over-year basis. Research analysts expect that Cheniere Energy will post 21.74 earnings per share for the current year.
Institutional Investors Weigh In On Cheniere Energy
Institutional investors have recently modified their holdings of the company. Wellington Management Group LLP increased its stake in shares of Cheniere Energy by 210.1% during the second quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company's stock worth $584,237,000 after acquiring an additional 1,656,194 shares during the period. Bank of New York Mellon Corp boosted its holdings in Cheniere Energy by 174.3% in the 1st 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 purchasing an additional 1,426,058 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Cheniere Energy by 12.6% in 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 valued at $510,307,000 after purchasing an additional 239,680 shares in the last quarter. Chickasaw Capital Management LLC increased its position in 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. Finally, Arrowstreet Capital Limited Partnership raised its stake 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 buying an additional 289,963 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.
Cheniere Energy News Roundup
Here are the key news stories impacting Cheniere Energy this week:
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.
Further Reading

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