Redburn Atlantic Initiates Coverage on Cheniere Energy (NYSE:LNG)

Research analysts at Redburn Atlantic started coverage on shares of Cheniere Energy (NYSE:LNG) in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage set a “neutral” rating and a $162.00 price target on the energy company’s stock. Redburn Atlantic’s price target would suggest a potential upside of 3.31% from the stock’s previous close.

A number of other analysts have also issued reports on LNG. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. TD Cowen decreased 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. Finally, Barclays boosted their target price on Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $193.30.

Cheniere Energy Stock Performance

NYSE:LNG opened at $156.81 on Tuesday. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63. Cheniere Energy has a 52-week low of $135.30 and a 52-week high of $183.46. The company has a market cap of $36.80 billion, a price-to-earnings ratio of 3.87 and a beta of 0.94. The company’s fifty day moving average is $158.25.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $3.06. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The company had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same period in the previous year, the company posted $15.78 EPS. The firm’s revenue for the quarter was down 46.9% compared to the same quarter last year. Equities analysts predict that Cheniere Energy will post 8.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Cheniere Energy

A number of hedge funds and other institutional investors have recently modified their holdings of LNG. HHM Wealth Advisors LLC purchased a new position in shares of Cheniere Energy in the 3rd quarter worth about $25,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Cheniere Energy in the 1st quarter worth about $27,000. Cooksen Wealth LLC purchased a new position in shares of Cheniere Energy in the 4th quarter worth about $28,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Cheniere Energy by 203.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock worth $29,000 after purchasing an additional 118 shares in the last quarter. Finally, Riverview Trust Co purchased a new position in shares of Cheniere Energy in the 1st quarter worth about $29,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

About Cheniere Energy

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.