Cheniere Energy (NYSE:LNG) Downgraded to Hold Rating by Zacks Research

Key Points

• Zacks Research downgraded Cheniere Energy from “strong buy” to “hold,” although the broader analyst consensus remains “moderate buy.”
• Other analysts remain generally bullish: the average price target is $299.88, with recent targets ranging from $279 to $300.
• Cheniere shares opened at $267.91, near their 52-week high of $300.89, while institutional investors and hedge funds own 87.26% of the company.

Cheniere Energy (NYSE:LNG - Get Free Report) was downgraded by Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on LNG. Royal Bank Of Canada raised their price objective on shares of Cheniere Energy from $286.00 to $300.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 14th. Weiss Ratings reissued a "hold (c)" rating on shares of Cheniere Energy in a report on Friday, August 7th. TD Cowen upped their target price on Cheniere Energy from $280.00 to $290.00 and gave the company a "buy" rating in a research report on Tuesday. Barclays raised their target price on Cheniere Energy from $274.00 to $279.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of Cheniere Energy from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $299.88.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $267.91 on Tuesday. The firm has a market capitalization of $55.33 billion, a price-to-earnings ratio of 19.95 and a beta of -0.01. The business has a fifty day moving average of $250.50 and a 200 day moving average of $247.86. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48. Cheniere Energy has a 1 year low of $186.20 and a 1 year high of $300.89.

Hedge Funds Weigh In On Cheniere Energy

A number of large investors have recently made changes to their positions in LNG. Financial Life Planners bought a new position in Cheniere Energy in the 1st quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new position in Cheniere Energy during the third quarter worth $27,000. Community Financial Services Group LLC bought a new position in shares of Cheniere Energy in the 2nd quarter valued at about $29,000. Strive Financial Group LLC bought a new stake in shares of Cheniere Energy during the fourth quarter worth approximately $25,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Cheniere Energy in the fourth quarter valued at approximately $26,000. Institutional investors and hedge funds own 87.26% of the company's stock.

About Cheniere Energy

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company's core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere's principal operating assets are large-scale LNG export terminals located on the U.S.

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