Jefferies Financial Group Reiterates $288.00 Price Target for Cheniere Energy (NYSE:LNG)

Cheniere Energy (NYSE:LNG - Get Free Report) has been assigned a $288.00 target price by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm presently has a "buy" rating on the energy company's stock. Jefferies Financial Group's target price indicates a potential upside of 21.66% from the company's previous close.

A number of other research analysts have also issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, April 28th. Wolfe Research downgraded Cheniere Energy from an "outperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Stifel Nicolaus lowered their price target on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Mizuho boosted their target price on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Finally, TD Cowen upped their price target on shares of Cheniere Energy from $260.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $258.36.

Cheniere Energy Trading Down 1.3%

NYSE LNG opened at $236.72 on Thursday. The company has a market cap of $52.50 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 5.00 and a beta of 0.43. Cheniere Energy has a twelve month low of $167.66 and a twelve month high of $257.65. The company has a quick ratio of 1.06, a current ratio of 1.19 and a debt-to-equity ratio of 2.24. The business's fifty day moving average is $234.26 and its 200 day moving average is $225.92.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its earnings results 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 firm had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter in the prior year, the business posted $2.13 earnings per share. Cheniere Energy's revenue for the quarter was up 28.0% compared to the same quarter last year. As a group, sell-side analysts expect that Cheniere Energy will post 11.69 EPS for the current fiscal year.

Insider Activity

In related news, Director Neal A. Shear sold 4,300 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $245.93, for a total value of $1,057,499.00. Following the sale, the director now directly owns 29,733 shares in the company, valued at approximately $7,312,236.69. The trade was a 12.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.26% of the company's stock.

Institutional Investors Weigh In On Cheniere Energy

Institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Cheniere Energy during the 4th quarter valued at $629,197,000. Nuveen LLC purchased a new stake in shares of Cheniere Energy in the first quarter worth about $294,793,000. Two Sigma Advisers LP boosted its position in shares of Cheniere Energy by 84.6% in the fourth quarter. Two Sigma Advisers LP now owns 1,651,500 shares of the energy company's stock valued at $354,858,000 after acquiring an additional 756,900 shares during the period. Raymond James Financial Inc. purchased a new position in Cheniere Energy during the fourth quarter valued at approximately $130,772,000. Finally, Proficio Capital Partners LLC grew its stake in Cheniere Energy by 18,281.6% during the fourth quarter. Proficio Capital Partners LLC now owns 575,897 shares of the energy company's stock valued at $123,743,000 after acquiring an additional 572,764 shares in the last quarter. Hedge funds and other 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.