Cheniere Energy (NYSE:LNG) Price Target Raised to $253.00

Cheniere Energy (NYSE:LNG) had its price objective raised by Barclays from $202.00 to $253.00 in a research note released on Thursday morning,Benzinga reports. They currently have an overweight rating on the energy company’s stock.

A number of other equities research analysts have also issued reports on LNG. UBS Group increased their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Bank of America assumed coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target on the stock. The Goldman Sachs Group increased their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Royal Bank of Canada lifted their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Stifel Nicolaus increased their price target on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus target price of $231.18.

Cheniere Energy Stock Down 0.4 %

Shares of LNG stock opened at $252.70 on Thursday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. Cheniere Energy has a one year low of $152.31 and a one year high of $257.65. The company’s fifty day moving average price is $219.76 and its 200-day moving average price is $195.48. The company has a market capitalization of $56.70 billion, a price-to-earnings ratio of 16.14 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the firm earned $2.37 earnings per share. The business’s quarterly revenue was down 9.5% on a year-over-year basis. Sell-side analysts expect that Cheniere Energy will post 12.66 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.79%. Cheniere Energy’s payout ratio is presently 12.77%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LNG. MassMutual Private Wealth & Trust FSB boosted its stake in shares of 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 purchasing an additional 75 shares during the period. Moisand Fitzgerald Tamayo LLC bought a new stake in Cheniere Energy in the third quarter worth about $27,000. Carolinas Wealth Consulting LLC boosted its position in shares of Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after buying an additional 150 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Cheniere Energy during the third quarter valued at approximately $28,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Cheniere Energy in the second quarter worth approximately $30,000. 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.