Bank of America Boosts Cheniere Energy (NYSE:LNG) Price Target to $271.00

Cheniere Energy (NYSE:LNG - Get Free Report) had its price objective increased by research analysts at Bank of America from $258.00 to $271.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the energy company's stock. Bank of America's target price points to a potential upside of 12.98% from the company's previous close.

A number of other research analysts have also recently commented on the company. TD Cowen boosted their price target on Cheniere Energy from $260.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday. Wolfe Research cut Cheniere Energy from an "outperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. UBS Group reissued a "buy" rating and issued a $277.00 price target on shares of Cheniere Energy in a report on Tuesday, March 18th. Wall Street Zen cut Cheniere Energy from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Finally, Stifel Nicolaus lowered their price target on Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $258.36.

Cheniere Energy Stock Performance

Shares of LNG stock traded down $2.22 during trading hours on Wednesday, reaching $239.87. 2,473,014 shares of the company traded hands, compared to its average volume of 1,869,930. Cheniere Energy has a 12-month low of $167.66 and a 12-month high of $257.65. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.19 and a quick ratio of 1.06. The company has a market cap of $53.20 billion, a P/E ratio of 17.55, a P/E/G ratio of 5.23 and a beta of 0.43. The firm has a 50-day moving average price of $234.64 and a 200 day moving average price of $226.29.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. The company had revenue of $5.44 billion for the quarter, compared to analysts' expectations of $4.73 billion. During the same period in the previous year, the firm earned $2.13 earnings per share. The firm's quarterly revenue was up 28.0% on a year-over-year basis. As a group, sell-side analysts predict that Cheniere Energy will post 11.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Neal A. Shear sold 4,300 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the transaction, the director now owns 29,733 shares of the company's stock, valued at approximately $7,312,236.69. The trade was a 12.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.26% of the company's stock.

Hedge Funds Weigh In On Cheniere Energy

Several hedge funds have recently bought and sold shares of the business. Altman Advisors Inc. grew its position in Cheniere Energy by 0.4% in the 1st quarter. Altman Advisors Inc. now owns 10,162 shares of the energy company's stock valued at $2,348,000 after acquiring an additional 43 shares during the last quarter. Greenleaf Trust grew its position in Cheniere Energy by 1.1% in the 1st quarter. Greenleaf Trust now owns 4,212 shares of the energy company's stock valued at $975,000 after acquiring an additional 46 shares during the last quarter. Hemington Wealth Management grew its position in Cheniere Energy by 14.0% in the 1st quarter. Hemington Wealth Management now owns 390 shares of the energy company's stock valued at $90,000 after acquiring an additional 48 shares during the last quarter. Brooklyn Investment Group grew its position in Cheniere Energy by 5.0% in the 1st quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company's stock valued at $233,000 after acquiring an additional 48 shares during the last quarter. Finally, BIP Wealth LLC grew its position in Cheniere Energy by 1.4% in the 4th quarter. BIP Wealth LLC now owns 3,545 shares of the energy company's stock valued at $762,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 87.26% of the company's stock.

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.