Cheniere Energy (NYSE:LNG) Price Target Raised to $271.00

Cheniere Energy (NYSE:LNG - Get Free Report) had its price objective boosted by research analysts at Bank of America from $258.00 to $271.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the energy company's stock. Bank of America's price target would suggest a potential upside of 14.44% from the company's previous close.

Several other research analysts have also commented on LNG. Argus started coverage on Cheniere Energy in a research report on Tuesday, March 18th. They issued a "buy" rating and a $255.00 price target for the company. Wolfe Research lowered Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Mizuho boosted their target price on Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. Wall Street Zen downgraded Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, UBS Group reaffirmed a "buy" rating and set a $277.00 price objective on shares of Cheniere Energy in a research note on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $256.08.

Cheniere Energy Price Performance

Shares of NYSE LNG traded down $3.16 during midday trading on Wednesday, reaching $236.80. 122,458 shares of the stock traded hands, compared to its average volume of 2,154,950. The company's 50 day moving average is $234.08 and its 200 day moving average is $225.84. Cheniere Energy has a one year low of $167.66 and a one year 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 stock has a market capitalization of $52.52 billion, a PE ratio of 17.32, a P/E/G ratio of 4.85 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing the consensus estimate of $2.81 by ($1.24). Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. The business had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter last year, the business earned $2.13 EPS. Cheniere Energy's revenue for the quarter was up 28.0% compared to the same quarter last year. On average, equities research analysts anticipate that Cheniere Energy will post 11.69 earnings per share for the current year.

Insider Transactions at Cheniere Energy

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

Institutional Trading of Cheniere Energy

A number of large investors have recently modified their holdings of the company. Martin Investment Management LLC raised its position in Cheniere Energy by 615.4% during the 4th quarter. Martin Investment Management LLC now owns 28,223 shares of the energy company's stock valued at $6,064,000 after purchasing an additional 24,278 shares in the last quarter. Bessemer Group Inc. grew its holdings in Cheniere Energy by 3.8% during the 4th quarter. Bessemer Group Inc. now owns 37,378 shares of the energy company's stock worth $8,032,000 after acquiring an additional 1,359 shares in the last quarter. LPL Financial LLC grew its holdings in Cheniere Energy by 27.0% during the 4th quarter. LPL Financial LLC now owns 293,201 shares of the energy company's stock worth $63,000,000 after acquiring an additional 62,338 shares in the last quarter. Gateway Investment Advisers LLC raised its stake in Cheniere Energy by 6.7% in the first quarter. Gateway Investment Advisers LLC now owns 51,781 shares of the energy company's stock worth $11,982,000 after buying an additional 3,252 shares in the last quarter. Finally, Amundi increased its holdings in shares of Cheniere Energy by 19.9% in the 4th quarter. Amundi now owns 2,696,002 shares of the energy company's stock valued at $606,907,000 after acquiring an additional 448,189 shares during the period. Hedge funds and other institutional investors own 87.26% of the company's stock.

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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