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

Key Points

• Cheniere Energy, Inc. has received a consensus recommendation of "Buy" from analysts, with 16 out of 18 assigning a buy rating and an average price target of $263.60.
• The company reported impressive quarterly earnings, achieving $7.30 earnings per share, significantly exceeding analysts' expectations and marking a 42.8% increase in revenue compared to the previous year.
• Institutional investors hold a substantial majority of Cheniere Energy's shares, with 87.26% ownership, reflecting strong institutional confidence in the company's performance.

Shares of Cheniere Energy, Inc. (NYSE:LNG - Get Free Report) have earned a consensus recommendation of "Buy" from the eighteen analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $263.60.

A number of analysts recently weighed in on the stock. Bank of America increased their price objective on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Wells Fargo & Company increased their target price on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a research report on Tuesday, August 12th. Cowen reiterated a "buy" rating on shares of Cheniere Energy in a research report on Friday, August 8th. Jefferies Financial Group set a $288.00 target price on shares of Cheniere Energy and gave the company a "buy" rating in a research report on Thursday, June 26th. Finally, Barclays reiterated an "overweight" rating and issued a $262.00 target price (up previously from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th.

Hedge Funds Weigh In On Cheniere Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC bought a new position in shares of Cheniere Energy during the 4th quarter valued at about $335,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Cheniere Energy by 100.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the energy company's stock valued at $55,000 after purchasing an additional 120 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Cheniere Energy by 47.8% during the 1st quarter. Versant Capital Management Inc now owns 788 shares of the energy company's stock valued at $182,000 after purchasing an additional 255 shares in the last quarter. AdvisorNet Financial Inc boosted its position in shares of Cheniere Energy by 23.7% during the 1st quarter. AdvisorNet Financial Inc now owns 1,454 shares of the energy company's stock valued at $336,000 after purchasing an additional 279 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Cheniere Energy by 25,232.4% during the 1st quarter. GAMMA Investing LLC now owns 342,241 shares of the energy company's stock valued at $79,195,000 after purchasing an additional 340,890 shares in the last quarter. Institutional investors own 87.26% of the company's stock.

Cheniere Energy Stock Up 0.3%

LNG stock opened at $238.42 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. Cheniere Energy has a fifty-two week low of $177.56 and a fifty-two week high of $257.65. The firm's 50-day simple moving average is $234.66 and its 200 day simple moving average is $232.60. The stock has a market cap of $52.40 billion, a PE ratio of 13.92 and a beta of 0.43.

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

About Cheniere Energy

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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