Cheniere Energy (NYSE:LNG) Stock Lifted to “Strong-Buy” by Zacks Research

Zacks Research upgraded shares of Cheniere Energy (NYSE:LNG – Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks reports.

Several other research analysts have also recently weighed in on the company. Bank of America restated a “buy” rating on shares of Cheniere Energy in a report on Friday, October 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $283.00 price target on shares of Cheniere Energy in a report on Thursday, October 29th. Royal Bank Of Canada lifted their price objective on Cheniere Energy from $300.00 to $319.00 and gave the stock an “outperform” rating in a research report on Monday, August 24th. UBS Group reiterated a “buy” rating on shares of Cheniere Energy in a research report on Tuesday, September 1st. Finally, Jefferies Financial Group reissued a “buy” rating and set a $336.00 price objective on shares of Cheniere Energy in a research note on Saturday, October 10th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $324.41.

View Our Latest Research Report on Cheniere Energy

Cheniere Energy Stock Performance

NYSE:LNG opened at $291.74 on Tuesday. The company has a market cap of $59.57 billion, a P/E ratio of 20.36, a P/E/G ratio of 0.95 and a beta of 0.01. Cheniere Energy has a twelve month low of $186.20 and a twelve month high of $330.73. The company’s 50-day moving average price is $283.62 and its 200-day moving average price is $257.28. The company has a current ratio of 0.90, a quick ratio of 0.76 and a debt-to-equity ratio of 1.89.

Cheniere Energy (NYSE:LNG – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.11 by ($0.09). The business had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $4.92 billion. Cheniere Energy had a net margin of 13.08% and a return on equity of 26.73%. The firm’s revenue was up 23.5% on a year-over-year basis. During the same period in the prior year, the company posted $7.30 EPS. On average, sell-side analysts forecast that Cheniere Energy will post 21.74 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 17th. Shareholders of record on Monday, November 9th will be paid a dividend of $0.6250 per share. This represents a $2.50 dividend on an annualized basis and a yield of 0.9%. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.5550. The ex-dividend date of this dividend is Monday, November 9th. Cheniere Energy’s payout ratio is presently 15.49%.

Hedge Funds Weigh In On Cheniere Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Lido Advisors LLC lifted its holdings in shares of Cheniere Energy by 11.7% in the 3rd quarter. Lido Advisors LLC now owns 93,850 shares of the energy company’s stock worth $25,249,000 after acquiring an additional 9,816 shares during the last quarter. Keybank National Association OH increased its holdings in Cheniere Energy by 23.1% in the 3rd quarter. Keybank National Association OH now owns 7,270 shares of the energy company’s stock valued at $1,956,000 after purchasing an additional 1,366 shares during the last quarter. Gen Wealth Partners Inc increased its holdings in Cheniere Energy by 15.3% in the 3rd quarter. Gen Wealth Partners Inc now owns 4,089 shares of the energy company’s stock valued at $1,100,000 after purchasing an additional 544 shares during the last quarter. Gryphon Financial Partners LLC increased its holdings in Cheniere Energy by 4.4% in the 3rd quarter. Gryphon Financial Partners LLC now owns 2,106 shares of the energy company’s stock valued at $567,000 after purchasing an additional 89 shares during the last quarter. Finally, AlphaCore Capital LLC increased its holdings in Cheniere Energy by 145.1% in the 3rd quarter. AlphaCore Capital LLC now owns 2,662 shares of the energy company’s stock valued at $716,000 after purchasing an additional 1,576 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Key Cheniere Energy News

Here are the key news stories impacting Cheniere Energy this week:

About Cheniere Energy

(Get Free Report)

Cheniere Energy, Inc is an energy infrastructure company engaged primarily in the production and export of liquefied natural gas (LNG). The company purchases natural gas, processes it through liquefaction facilities, and delivers LNG to customers in international energy markets. Its operations also include natural gas procurement, transportation, storage, and LNG marketing.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility near Corpus Christi, Texas.

Further Reading

Analyst Recommendations for Cheniere Energy (NYSE:LNG)

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