Cheniere Energy (NYSE:LNG) Stock Price Expected to Rise, Barclays Analyst Says

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

A number of other research firms also recently commented on LNG. Bank of America assumed coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 target price on the stock. Royal Bank of Canada increased their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Scotiabank started coverage on Cheniere Energy in a research note on Friday, January 10th. They set a “sector outperform” rating and a $242.00 price objective for the company. TD Cowen lifted their target price on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, UBS Group raised their price target 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. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $231.18.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $252.70 on Thursday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The company has a market capitalization of $56.70 billion, a PE ratio of 16.14 and a beta of 0.99. The company has a 50 day moving average price of $219.76 and a 200-day moving average price of $195.48. Cheniere Energy has a fifty-two week low of $152.31 and a fifty-two week high of $257.65.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $2.06. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.37 EPS. As a group, equities analysts forecast that Cheniere Energy will post 12.66 earnings per share for the current year.

Cheniere Energy Cuts Dividend

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

Hedge Funds Weigh In On Cheniere Energy

Several institutional investors have recently made changes to their positions in LNG. Miracle Mile Advisors LLC acquired a new stake in Cheniere Energy during the fourth quarter valued at $2,127,000. Insight Wealth Strategies LLC acquired a new stake in shares of Cheniere Energy during the 4th quarter valued at about $4,455,000. Covea Finance increased its stake in shares of Cheniere Energy by 18.8% in the 4th quarter. Covea Finance now owns 121,400 shares of the energy company’s stock valued at $26,085,000 after purchasing an additional 19,200 shares in the last quarter. Continuum Advisory LLC raised its holdings in Cheniere Energy by 42.1% in the 3rd quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company’s stock worth $2,323,000 after purchasing an additional 3,828 shares during the period. Finally, Jennison Associates LLC boosted its position in Cheniere Energy by 2.9% during the third quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company’s stock worth $238,173,000 after purchasing an additional 37,729 shares in the last quarter. 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.