Wells Fargo & Company Issues Positive Forecast for Cheniere Energy (NYSE:LNG) Stock Price

Key Points

• Wells Fargo has increased its price target for Cheniere Energy from $267 to $284, suggesting a potential upside of 23.39% from the current stock price.
• Cheniere Energy recently reported **earnings per share** of $7.30, significantly surpassing analysts' expectations of $2.35, with revenue up 42.8% year-over-year.
• Two analysts have rated Cheniere Energy stock as a hold, while fifteen analysts issued a buy rating, indicating strong market confidence in the company's trajectory.

Cheniere Energy (NYSE:LNG - Get Free Report) had its price target lifted by stock analysts at Wells Fargo & Company from $267.00 to $284.00 in a report released on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the energy company's stock. Wells Fargo & Company's price objective indicates a potential upside of 23.39% from the company's current price.

LNG has been the topic of a number of other research reports. JPMorgan Chase & Co. lifted their price target on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Stifel Nicolaus lowered their target price on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Raymond James Financial restated a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Finally, Bank of America boosted their target price on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Two equities research 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $261.93.

Cheniere Energy Stock Down 0.3%

Cheniere Energy stock opened at $230.16 on Tuesday. The company's 50 day simple moving average is $235.57 and its 200 day simple moving average is $228.77. Cheniere Energy has a fifty-two week low of $175.14 and a fifty-two week high of $257.65. The firm has a market capitalization of $50.58 billion, a price-to-earnings ratio of 13.44 and a beta of 0.43. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same quarter in the previous year, the firm posted $3.84 earnings per share. The business's revenue was up 42.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Cheniere Energy will post 11.69 EPS for the current year.

Insider Transactions 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 shares were 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 owned 29,733 shares in the company, valued at $7,312,236.69. This trade represents a 12.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by company insiders.

Institutional Trading of Cheniere Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brighton Jones LLC purchased a new position in shares of Cheniere Energy in the 4th quarter worth about $335,000. Townsquare Capital LLC raised its stake in shares of Cheniere Energy by 29.9% during the fourth quarter. Townsquare Capital LLC now owns 4,944 shares of the energy company's stock worth $1,062,000 after acquiring an additional 1,139 shares in the last quarter. Sagespring Wealth Partners LLC bought a new position in shares of Cheniere Energy in the fourth quarter worth approximately $210,000. SageView Advisory Group LLC bought a new position in shares of Cheniere Energy in the fourth quarter worth approximately $207,000. Finally, Mariner LLC boosted its holdings in Cheniere Energy by 12.8% in the fourth quarter. Mariner LLC now owns 40,879 shares of the energy company's stock valued at $8,783,000 after acquiring an additional 4,635 shares in the last quarter. 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.

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