Cheniere Energy (NYSE:LNG) PT Raised to $202.00 at Barclays

Cheniere Energy (NYSE:LNG) had its target price raised by Barclays from $199.00 to $202.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the energy company’s stock. Barclays‘s target price indicates a potential upside of 10.64% from the company’s previous close.

Other research analysts have also recently issued reports about the company. TD Cowen raised their price objective on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Sanford C. Bernstein began coverage on Cheniere Energy in a research note on Monday, June 24th. They issued an “outperform” rating for the company. Finally, Stifel Nicolaus reduced their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and an average target price of $198.13.

Cheniere Energy Trading Down 0.7 %

Cheniere Energy stock opened at $182.58 on Tuesday. The stock has a 50-day moving average of $183.09 and a two-hundred day moving average of $171.08. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02. Cheniere Energy has a one year low of $152.31 and a one year high of $193.16. The stock has a market cap of $41.79 billion, a PE ratio of 8.89 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, August 8th. The energy company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $2.04 billion. On average, research analysts anticipate that Cheniere Energy will post 9.76 EPS for the current fiscal year.

Institutional Trading of Cheniere Energy

Several hedge funds and other institutional investors have recently bought and sold shares of LNG. Creekmur Asset Management LLC acquired a new stake in Cheniere Energy in the fourth quarter valued at approximately $25,000. Crewe Advisors LLC acquired a new stake in Cheniere Energy in the first quarter valued at approximately $26,000. MCF Advisors LLC acquired a new stake in Cheniere Energy in the second quarter valued at approximately $26,000. Lynx Investment Advisory acquired a new stake in Cheniere Energy in the second quarter valued at approximately $27,000. Finally, Carolinas Wealth Consulting LLC grew its holdings in Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after purchasing an additional 150 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

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.