Cheniere Energy, Inc. (NYSE:LNG) Given Average Rating of "Buy" by Brokerages

Key Points

• Cheniere Energy, Inc. has received an average rating of "Buy" from 19 analysts, with a consensus twelve-month price target of approximately $266.93.
• Recent reports from analysts include price targets ranging from $262.00 to $288.00, indicating positive sentiment towards the company's stock.
• The company reported earnings of $7.30 per share for the last quarter, significantly exceeding estimates and demonstrating a 42.8% year-over-year revenue growth.

Cheniere Energy, Inc. (NYSE:LNG - Get Free Report) has received an average recommendation of "Buy" from the nineteen analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $266.9286.

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group set a $288.00 price target on shares of Cheniere Energy and gave the company a "buy" rating in a research note on Thursday, June 26th. BMO Capital Markets started coverage on shares of Cheniere Energy in a report on Friday, September 19th. They issued an "outperform" rating and a $268.00 target price for the company. Barclays reiterated an "overweight" rating and issued a $262.00 target price (up previously from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Cheniere Energy in a research note on Wednesday, October 8th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a research note on Tuesday, July 15th.

Hedge Funds Weigh In On Cheniere Energy

Several institutional investors have recently bought and sold shares of the company. Capital Investment Advisors LLC acquired a new position in shares of Cheniere Energy in the third quarter worth $246,000. Steinberganna Wealth Management acquired a new position in shares of Cheniere Energy in the third quarter worth $470,000. Spectrum Asset Management Inc. NB CA grew its stake in shares of Cheniere Energy by 93.7% in the third quarter. Spectrum Asset Management Inc. NB CA now owns 12,017 shares of the energy company's stock worth $2,824,000 after acquiring an additional 5,814 shares in the last quarter. Kingswood Wealth Advisors LLC grew its stake in Cheniere Energy by 9.6% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 13,737 shares of the energy company's stock worth $3,228,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its stake in Cheniere Energy by 23.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 6,217 shares of the energy company's stock worth $1,461,000 after purchasing an additional 1,162 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Down 1.2%

Shares of NYSE LNG opened at $221.66 on Friday. The company has a 50 day simple moving average of $233.33 and a 200-day simple moving average of $232.99. The company has a market capitalization of $48.72 billion, a P/E ratio of 12.94 and a beta of 0.37. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. Cheniere Energy has a 1 year low of $181.59 and a 1 year high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.35 by $4.95. The firm had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The company's quarterly revenue was up 42.8% on a year-over-year basis. During the same period last year, the company earned $3.84 EPS. On average, equities research analysts predict that Cheniere Energy will post 11.69 earnings per share for the current year.

Cheniere Energy Company Profile

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.

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