Cheniere Energy (NYSE:LNG) Given New $250.00 Price Target at TD Cowen

Cheniere Energy (NYSE:LNG) had its price objective lifted by equities research analysts at TD Cowen from $242.00 to $250.00 in a note issued to investors on Monday, MarketBeat reports. The brokerage currently has a “buy” rating on the energy company’s stock. TD Cowen’s price objective would indicate a potential upside of 10.41% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Bank of America initiated coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target on the stock. Barclays raised their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. The Goldman Sachs Group boosted their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Scotiabank lifted their price objective on shares of Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Finally, UBS Group increased their target price on 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 given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $232.36.

Cheniere Energy Stock Up 0.9 %

NYSE LNG opened at $226.43 on Monday. Cheniere Energy has a 12 month low of $152.31 and a 12 month high of $257.65. The company has a market capitalization of $50.80 billion, a P/E ratio of 14.46 and a beta of 0.99. The company’s 50 day simple moving average is $222.75 and its 200 day simple moving average is $198.27. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $2.06. The company had revenue of $3.76 billion for 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 firm’s revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.37 earnings per share. Equities research analysts expect that Cheniere Energy will post 12.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cheniere Energy

Several institutional investors have recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its position in shares of Cheniere Energy by 170.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after buying an additional 75 shares during the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Cheniere Energy during the 3rd quarter valued at about $27,000. Capital Performance Advisors LLP bought a new position in shares of Cheniere Energy in the 3rd quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in Cheniere Energy in the 2nd quarter worth approximately $30,000. Finally, Adirondack Trust Co. bought a new stake in Cheniere Energy during the fourth quarter worth approximately $43,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

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.