Cheniere Energy (NYSE:LNG) Given New $242.00 Price Target at TD Cowen

Cheniere Energy (NYSE:LNG) had its target price boosted by equities research analysts at TD Cowen from $202.00 to $242.00 in a research note issued to investors on Tuesday,Briefing.com Automated Import reports. The firm presently has a “buy” rating on the energy company’s stock. TD Cowen’s price target indicates a potential upside of 10.96% from the stock’s current price.

Several other equities research analysts have also commented on LNG. Bank of America assumed coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective on the stock. 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. Barclays lifted their price objective on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. 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 report on Wednesday, October 16th. Finally, Stifel Nicolaus cut their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and nine 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 price target of $212.89.

Cheniere Energy Trading Down 2.0 %

LNG opened at $218.10 on Tuesday. The firm has a market cap of $48.94 billion, a price-to-earnings ratio of 13.93 and a beta of 0.94. Cheniere Energy has a 52 week low of $152.31 and a 52 week high of $225.44. The business’s 50 day moving average is $192.63 and its two-hundred day moving average is $179.32. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the company earned $2.37 EPS. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. On average, research analysts predict that Cheniere Energy will post 11.26 EPS for the current year.

Institutional Investors Weigh In On Cheniere Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its position in Cheniere Energy by 3.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company’s stock worth $978,047,000 after purchasing an additional 167,575 shares in the last quarter. Wellington Management Group LLP raised its position in Cheniere Energy by 195.1% during the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock valued at $755,410,000 after buying an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Cheniere Energy by 91.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock worth $673,927,000 after acquiring an additional 1,789,919 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its position in Cheniere Energy by 9.2% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock worth $566,956,000 after acquiring an additional 273,588 shares during the period. Finally, Pacer Advisors Inc. grew its stake in Cheniere Energy by 7.4% during the 2nd quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock valued at $510,825,000 after acquiring an additional 202,097 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

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.