Cheniere Energy (NYSE:LNG) Raised to "Strong-Buy" at Zacks Research

Key Points

• Cheniere Energy was upgraded to a "strong-buy" rating by Zacks Research, indicating strong confidence from analysts in the stock's future performance.
• Bank of America and Jefferies Financial Group have both increased their target prices for Cheniere Energy, reflecting positive sentiment and expectations of growth in the company's stock value.
• The company reported a significant earnings beat in its latest quarterly results, with $7.30 EPS compared to analysts' expectations of $2.35, showcasing strong financial performance.

Cheniere Energy (NYSE:LNG - Get Free Report) was upgraded by investment analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report issued on Monday,Zacks.com reports.

A number of other research firms have also issued reports on LNG. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Cheniere Energy in a research note on Saturday, September 27th. Bank of America increased their target price on Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Jefferies Financial Group set a $288.00 price target on Cheniere Energy and gave the company a "buy" rating in a report on Thursday, June 26th. BMO Capital Markets initiated coverage on Cheniere Energy in a report on Friday, September 19th. They issued an "outperform" rating and a $268.00 price target for the company. Finally, TD Cowen raised their target price on Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $263.60.

Cheniere Energy Stock Performance

NYSE LNG opened at $235.13 on Monday. The stock has a market capitalization of $51.67 billion, a price-to-earnings ratio of 13.73 and a beta of 0.37. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. The business's 50 day moving average is $235.60 and its two-hundred day moving average is $232.97. Cheniere Energy has a 12-month low of $180.62 and a 12-month high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly 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. The business had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The company's revenue was up 42.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.84 EPS. Research analysts expect that Cheniere Energy will post 11.69 EPS for the current year.

Hedge Funds Weigh In On Cheniere Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC bought a new stake in shares of Cheniere Energy during the fourth quarter valued at approximately $335,000. Park Avenue Securities LLC raised its holdings in shares of Cheniere Energy by 26.9% during the first quarter. Park Avenue Securities LLC now owns 6,609 shares of the energy company's stock valued at $1,529,000 after buying an additional 1,403 shares during the last quarter. Daymark Wealth Partners LLC bought a new stake in shares of Cheniere Energy during the first quarter valued at approximately $432,000. Farther Finance Advisors LLC raised its holdings in shares of Cheniere Energy by 28.9% during the first quarter. Farther Finance Advisors LLC now owns 759 shares of the energy company's stock valued at $175,000 after buying an additional 170 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Cheniere Energy during the first quarter valued at approximately $1,053,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

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.

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