Cheniere Energy (NYSE:LNG) Downgraded by StockNews.com to "Hold"

Cheniere Energy (NYSE:LNG - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Monday.

Other analysts have also recently issued reports about the company. Barclays upped their price target on Cheniere Energy from $192.00 to $194.00 and gave the company an "overweight" rating in a research report on Wednesday, January 17th. Mizuho raised their price target on Cheniere Energy from $187.00 to $195.00 and gave the company a "buy" rating in a report on Friday, December 15th. Finally, TD Cowen reduced their price objective on Cheniere Energy from $185.00 to $178.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Cheniere Energy currently has an average rating of "Buy" and an average target price of $196.78.

Cheniere Energy Stock Performance

Shares of NYSE:LNG traded down $0.38 during midday trading on Monday, hitting $156.38. The company's stock had a trading volume of 1,353,949 shares, compared to its average volume of 1,934,583. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59. The stock's 50 day moving average is $160.11. The firm has a market capitalization of $36.70 billion, a PE ratio of 3.86 and a beta of 0.94. Cheniere Energy has a fifty-two week low of $135.30 and a fifty-two week high of $183.46.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, beating the consensus estimate of $2.70 by $3.06. The company had revenue of $4.82 billion during the quarter, compared to analysts' expectations of $4.37 billion. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. Cheniere Energy's revenue for the quarter was down 46.9% compared to the same quarter last year. During the same period in the prior year, the business earned $15.78 earnings per share. As a group, analysts anticipate that Cheniere Energy will post 8.9 EPS for the current year.

Hedge Funds Weigh In On Cheniere Energy

A number of institutional investors have recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC bought a new position in shares of Cheniere Energy during the third quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Cheniere Energy in the 1st quarter valued at approximately $27,000. Cooksen Wealth LLC bought a new position in Cheniere Energy in the fourth quarter valued at approximately $28,000. Rise Advisors LLC acquired a new position in Cheniere Energy during the third quarter valued at approximately $29,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Cheniere Energy by 203.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company's stock valued at $29,000 after purchasing an additional 118 shares in the last quarter. 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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