Cheniere Energy (NYSE:LNG) Price Target Raised to $265.00 at JPMorgan Chase & Co.

Cheniere Energy (NYSE:LNG - Get Free Report) had its price objective boosted by equities research analysts at JPMorgan Chase & Co. from $252.00 to $265.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the energy company's stock. JPMorgan Chase & Co.'s price target points to a potential upside of 14.62% from the stock's previous close.

A number of other brokerages have also weighed in on LNG. Stifel Nicolaus lowered their target price on Cheniere Energy from $255.00 to $247.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Argus initiated coverage on shares of Cheniere Energy in a report on Tuesday, March 18th. They set a "buy" rating and a $255.00 price objective on the stock. StockNews.com raised shares of Cheniere Energy from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Mizuho increased their price target on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. Finally, Raymond James reissued a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. One analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $251.46.

Cheniere Energy Price Performance

Cheniere Energy stock traded down $6.63 during trading hours on Monday, hitting $231.20. 2,663,471 shares of the stock were exchanged, compared to its average volume of 1,877,250. The stock has a market capitalization of $51.51 billion, a P/E ratio of 16.25 and a beta of 0.67. The business's 50-day moving average is $222.75 and its two-hundred day moving average is $217.26. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy has a 12 month low of $153.03 and a 12 month high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, topping analysts' consensus estimates of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.44 billion. Equities research analysts expect that Cheniere Energy will post 11.69 EPS for the current fiscal year.

Insider Activity

In related news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the transaction, the director now owns 33,934 shares of the company's stock, valued at $7,448,852.34. This trade represents a 20.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cheniere Energy

Several hedge funds have recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its stake in Cheniere Energy by 170.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company's stock worth $26,000 after buying an additional 75 shares during the period. WR Wealth Planners LLC raised its position in shares of Cheniere Energy by 373.1% during the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock worth $26,000 after purchasing an additional 97 shares during the period. REAP Financial Group LLC lifted its holdings in shares of Cheniere Energy by 150.0% during the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Cheniere Energy in the 4th quarter valued at approximately $29,000. Finally, Banque Transatlantique SA bought a new stake in Cheniere Energy during the 4th quarter worth approximately $32,000. 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.