Cheniere Energy (NYSE:LNG) Given a $267.00 Price Target by Wells Fargo & Company Analysts

Cheniere Energy (NYSE:LNG - Get Free Report) has been given a $267.00 price target by research analysts at Wells Fargo & Company in a research note issued on Wednesday, Marketbeat reports. The firm currently has an "overweight" rating on the energy company's stock. Wells Fargo & Company's target price indicates a potential upside of 11.31% from the stock's current price.

LNG has been the subject of a number of other reports. Wolfe Research cut Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. increased their price objective on Cheniere Energy from $252.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Raymond James Financial reissued a "strong-buy" rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. Mizuho increased their target price on Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. Finally, Stifel Nicolaus cut 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. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Cheniere Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.36.

Cheniere Energy Stock Performance

Cheniere Energy stock traded down $2.22 during mid-day trading on Wednesday, reaching $239.87. 2,473,014 shares of the company were exchanged, compared to its average volume of 1,869,930. Cheniere Energy has a twelve month low of $167.66 and a twelve month high of $257.65. The firm's 50-day simple moving average is $234.64 and its two-hundred day simple moving average is $226.29. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.06 and a current ratio of 1.19. The firm has a market cap of $53.20 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 5.23 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The company had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same period in the previous year, the business posted $2.13 earnings per share. The firm's revenue was up 28.0% compared to the same quarter last year. Equities analysts predict that Cheniere Energy will post 11.69 earnings per share for the current fiscal year.

Insider Activity at Cheniere Energy

In related news, Director Neal A. Shear sold 4,300 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 29,733 shares of the company's stock, valued at $7,312,236.69. This trade represents a 12.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.26% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cheniere Energy

Several hedge funds have recently bought and sold shares of the company. WR Wealth Planners LLC increased its position in 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 buying an additional 97 shares in the last quarter. REAP Financial Group LLC increased its position in Cheniere Energy by 150.0% during the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock worth $27,000 after buying an additional 75 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Cheniere Energy during the fourth quarter worth $29,000. Banque Transatlantique SA purchased a new position in Cheniere Energy during the fourth quarter worth $32,000. Finally, Cooksen Wealth LLC purchased a new position in Cheniere Energy during the first quarter worth $38,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

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.