Cheniere Energy (NYSE:LNG) Earns "Buy (B)" Rating from Weiss Ratings

Key Points

• Cheniere Energy's stock has been reaffirmed with a “Buy (B)” rating by Weiss Ratings, indicating strong confidence in the company's performance.
• Analysts have set a consensus price target of $263.60 for Cheniere Energy, with multiple firms issuing ratings between $268.00 and $288.00.
• In its latest earnings report, Cheniere Energy beat expectations by reporting $7.30 earnings per share, significantly surpassing analysts' estimates of $2.35.

Cheniere Energy (NYSE:LNG - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other analysts have also weighed in on LNG. BMO Capital Markets began coverage on shares of Cheniere Energy in a research note on Friday, September 19th. They set an "outperform" rating and a $268.00 target price on the stock. Cowen reiterated a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. 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. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Finally, Bank of America increased their price target on shares of Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Cheniere Energy has an average rating of "Buy" and a consensus price target of $263.60.

Cheniere Energy Stock Up 0.1%

Shares of LNG traded up $0.30 during mid-day trading on Wednesday, hitting $235.64. 603,188 shares of the company's stock were exchanged, compared to its average volume of 2,008,285. The company has a market cap of $51.79 billion, a price-to-earnings ratio of 13.78 and a beta of 0.37. Cheniere Energy has a fifty-two week low of $180.62 and a fifty-two week high of $257.65. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The stock's 50-day moving average is $235.60 and its 200-day moving average is $232.97.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its earnings results 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 firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same period in the prior year, the firm earned $3.84 earnings per share. The business's quarterly revenue was up 42.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Cheniere Energy will post 11.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cheniere Energy

A number of hedge funds have recently modified their holdings of the business. Wedmont Private Capital grew its position in Cheniere Energy by 4.5% in the 3rd quarter. Wedmont Private Capital now owns 3,027 shares of the energy company's stock valued at $712,000 after buying an additional 131 shares during the last quarter. Balefire LLC grew its position in Cheniere Energy by 1.9% in the 3rd quarter. Balefire LLC now owns 12,513 shares of the energy company's stock valued at $2,940,000 after buying an additional 230 shares during the last quarter. Accel Wealth Management purchased a new position in Cheniere Energy in the 3rd quarter valued at $297,000. Assenagon Asset Management S.A. grew its position in Cheniere Energy by 1.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 191,962 shares of the energy company's stock valued at $45,107,000 after buying an additional 3,464 shares during the last quarter. Finally, TruWealth Advisors LLC grew its position in Cheniere Energy by 39.9% in the 3rd quarter. TruWealth Advisors LLC now owns 1,545 shares of the energy company's stock valued at $363,000 after buying an additional 441 shares during the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

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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