Cheniere Energy (NYSE:LNG) Price Target Raised to $338.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan raised its price target on Cheniere to $338 (from $279) and kept an "overweight" rating, implying about a 13.5% upside from the current price.
• Cheniere sharply beat quarterly expectations with EPS of $10.68 vs. $3.90 and reported $5.45 billion in revenue, alongside strong profitability metrics (ROE 32.04%, net margin 26.68%).
• The company’s board authorized a $10 billion share repurchase (about 21.1% of outstanding shares), while analysts collectively view the stock as a "Moderate Buy" with an average price target of $282.00 and heavy institutional ownership (87.26%).

Cheniere Energy (NYSE:LNG - Get Free Report) had its target price boosted by equities researchers at JPMorgan Chase & Co. from $279.00 to $338.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the energy company's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 13.51% from the stock's current price.

LNG has been the topic of several other research reports. TD Cowen lifted their price objective on Cheniere Energy from $250.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, February 27th. Wells Fargo & Company cut their target price on Cheniere Energy from $280.00 to $271.00 and set an "overweight" rating for the company in a research note on Friday, March 13th. Bank of America raised their target price on Cheniere Energy from $296.00 to $322.00 and gave the stock a "buy" rating in a research report on Friday, March 20th. Barclays lifted their price target on shares of Cheniere Energy from $259.00 to $271.00 and gave the stock an "overweight" rating in a research note on Friday, February 27th. Finally, BMO Capital Markets boosted their price target on shares of Cheniere Energy from $265.00 to $306.00 and gave the company an "outperform" rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $282.00.

Cheniere Energy Stock Up 2.2%

Shares of LNG opened at $297.76 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.81 and a current ratio of 0.94. The company has a 50-day simple moving average of $233.31 and a 200-day simple moving average of $219.84. Cheniere Energy has a 52 week low of $186.20 and a 52 week high of $299.49. The firm has a market capitalization of $62.59 billion, a P/E ratio of 12.25 and a beta of 0.25.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its earnings results on Wednesday, February 25th. 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 business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the business earned $4.33 earnings per share. The firm's revenue for the quarter was up 22.9% compared to the same quarter last year. On average, equities research analysts expect that Cheniere Energy will post 11.69 earnings per share for the current year.

Cheniere Energy announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 26th that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the energy company to repurchase up to 21.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Cheniere Energy

Several institutional investors and hedge funds have recently made changes to their positions in the company. Salomon & Ludwin LLC acquired a new stake in shares of Cheniere Energy in the third quarter valued at approximately $25,000. Strive Financial Group LLC acquired a new position in Cheniere Energy during the 4th quarter worth $25,000. Kohmann Bosshard Financial Services LLC acquired a new position in Cheniere Energy during the 4th quarter worth $26,000. Caitong International Asset Management Co. Ltd bought a new position in Cheniere Energy in the 3rd quarter valued at $27,000. Finally, Accordant Advisory Group Inc bought a new position in Cheniere Energy in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Company Profile

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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