Cheniere Energy (NYSE:LNG) Price Target Raised to $242.00

Cheniere Energy (NYSE:LNG) had its target price hoisted by TD Cowen from $202.00 to $242.00 in a research note published on Tuesday morning, MarketBeat reports. The firm currently has a buy rating on the energy company’s stock.

Several other analysts have also issued reports on LNG. Royal Bank of Canada upped their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Barclays raised their price target on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Stifel Nicolaus lowered their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Bank of America started coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price on the stock. Finally, UBS Group upped 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 analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus target price of $212.89.

Cheniere Energy Stock Performance

Shares of NYSE LNG opened at $221.77 on Tuesday. The stock has a market cap of $49.76 billion, a price-to-earnings ratio of 14.16 and a beta of 0.94. The stock’s 50-day moving average is $195.08 and its 200 day moving average is $180.36. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy has a 1-year low of $152.31 and a 1-year high of $225.44.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period last year, the firm posted $2.37 earnings per share. The business’s revenue was down 9.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Cheniere Energy will post 11.26 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 $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.90%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is currently 12.77%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. MCF Advisors LLC purchased a new position in shares of Cheniere Energy during the second quarter valued at about $26,000. Lynx Investment Advisory purchased a new position in shares of Cheniere Energy during the 2nd quarter worth approximately $27,000. Carolinas Wealth Consulting LLC raised its position in shares of Cheniere Energy by 5,000.0% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after acquiring an additional 150 shares in the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Cheniere Energy in the 3rd quarter valued at approximately $27,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Cheniere Energy during the third quarter valued at approximately $28,000. 87.26% of the stock is currently owned by 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.