Cheniere Energy (NYSE:LNG) PT Set at $267.00 by Wells Fargo & Company

Cheniere Energy (NYSE:LNG - Get Free Report) has been assigned a $267.00 target price by Wells Fargo & Company in a research note issued on Wednesday, MarketBeat reports. The brokerage presently has an "overweight" rating on the energy company's stock. Wells Fargo & Company's target price would indicate a potential upside of 10.31% from the company's previous close.

Several other research analysts have also commented on LNG. Raymond James Financial reissued a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Stifel Nicolaus dropped their target price on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. UBS Group reissued a "buy" rating and issued a $277.00 price target on shares of Cheniere Energy in a report on Tuesday, March 18th. Scotiabank dropped their price objective on shares of Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 29th. Finally, Mizuho upped their target price on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Two research analysts have 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $258.36.

Cheniere Energy Price Performance

Shares of LNG traded up $5.73 during mid-day trading on Wednesday, reaching $242.05. 2,030,747 shares of the stock traded hands, compared to its average volume of 1,869,209. The company has a market cap of $53.68 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 4.93 and a beta of 0.43. Cheniere Energy has a 1 year low of $167.66 and a 1 year high of $257.65. The firm has a fifty day moving average price of $234.26 and a 200 day moving average price of $225.92. The company has a current ratio of 1.19, a quick ratio of 1.06 and a debt-to-equity ratio of 2.24.

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 (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 business had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same period in the prior year, the business posted $2.13 EPS. Cheniere Energy's quarterly revenue was up 28.0% on a year-over-year basis. As a group, equities research analysts predict that Cheniere Energy will post 11.69 earnings per share for the current year.

Insider Activity

In other news, Director Neal A. Shear sold 4,300 shares of the business'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 transaction of $1,057,499.00. Following the transaction, the director now directly owns 29,733 shares of the company's stock, valued at approximately $7,312,236.69. The trade was a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.26% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. WR Wealth Planners LLC boosted its position in Cheniere Energy by 373.1% during the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock valued at $26,000 after acquiring an additional 97 shares in the last quarter. REAP Financial Group LLC increased its holdings in shares of Cheniere Energy by 150.0% during the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock valued at $27,000 after acquiring an additional 75 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Cheniere Energy in the fourth quarter worth about $29,000. Banque Transatlantique SA bought a new position in Cheniere Energy in the 4th quarter valued at approximately $32,000. Finally, Cooksen Wealth LLC bought a new position in shares of Cheniere Energy during the first quarter valued at $38,000. 87.26% of the stock is currently owned by 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.