Cheniere Energy (NYSE:LNG - Get Free Report) had its target price lifted by research analysts at Scotiabank from $266.00 to $285.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a "sector outperform" rating on the energy company's stock. Scotiabank's price objective would suggest a potential upside of 13.05% from the stock's current price.
A number of other equities research analysts have also recently issued reports on LNG. Wells Fargo & Company cut their price objective on shares of Cheniere Energy from $284.00 to $280.00 and set an "overweight" rating for the company in a research note on Monday, January 12th. Morgan Stanley set a $236.00 price target on shares of Cheniere Energy and gave the stock an "equal weight" rating in a research note on Tuesday, February 24th. Royal Bank Of Canada reduced their price objective on Cheniere Energy from $282.00 to $271.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 28th. BMO Capital Markets reiterated an "outperform" rating and issued a $254.00 price objective on shares of Cheniere Energy in a report on Wednesday, December 17th. Finally, Bank of America dropped their target price on Cheniere Energy from $274.00 to $271.00 and set a "buy" rating for the company in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Cheniere Energy presently has a consensus rating of "Moderate Buy" and an average target price of $264.89.
Read Our Latest Stock Report on LNG
Cheniere Energy Price Performance
Shares of Cheniere Energy stock traded up $3.12 during trading on Thursday, hitting $252.10. 1,962,962 shares of the stock traded hands, compared to its average volume of 2,078,755. The stock has a market cap of $52.99 billion, a price-to-earnings ratio of 10.37 and a beta of 0.25. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.74. Cheniere Energy has a 52 week low of $186.20 and a 52 week high of $255.78. The firm's fifty day moving average is $210.80 and its 200-day moving average is $216.69.
Cheniere Energy (NYSE:LNG - Get Free Report) last released its earnings results on Thursday, February 26th. The energy company reported $10.68 earnings per share for the quarter, topping analysts' consensus estimates of $3.90 by $6.78. Cheniere Energy had a return on equity of 32.04% and a net margin of 26.68%.The company had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the company posted $4.33 EPS. Cheniere Energy's quarterly revenue was up 22.9% compared to the same quarter last year. Research analysts expect that Cheniere Energy will post 11.69 EPS for the current fiscal year.
Cheniere Energy declared that its board has approved a share repurchase plan on Thursday, February 26th that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the energy company to reacquire up to 21.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.
Institutional Investors Weigh In On Cheniere Energy
A number of large investors have recently made changes to their positions in LNG. Salomon & Ludwin LLC purchased a new stake in shares of Cheniere Energy in the 3rd quarter worth about $25,000. Strive Financial Group LLC purchased a new stake in Cheniere Energy in the fourth quarter worth about $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Cheniere Energy in the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Cheniere Energy during the third quarter valued at approximately $27,000. Finally, Accordant Advisory Group Inc purchased a new position in shares of Cheniere Energy during the fourth quarter valued at approximately $29,000. 87.26% of the stock is currently owned by institutional investors.
Key Headlines Impacting Cheniere Energy
Here are the key news stories impacting Cheniere Energy this week:
About Cheniere Energy
(
Get Free Report)
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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