Cheniere Energy (NYSE:LNG) PT Lowered to $204.00

Cheniere Energy (NYSE:LNG) had its price objective dropped by investment analysts at Stifel Nicolaus from $208.00 to $204.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the energy company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 11.37% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. TD Cowen upped their price target on shares of Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Redburn Atlantic assumed coverage on shares of Cheniere Energy in a research report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price target for the company. UBS Group decreased their price target on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Finally, Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a research report on Monday, June 24th. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $196.40.

Cheniere Energy Trading Up 1.8 %

Shares of NYSE LNG traded up $3.30 during trading on Friday, hitting $183.17. 1,645,285 shares of the company traded hands, compared to its average volume of 1,892,294. Cheniere Energy has a 1 year low of $152.31 and a 1 year high of $184.62. The company has a 50-day moving average price of $171.54 and a 200-day moving average price of $164.10. The firm has a market capitalization of $41.93 billion, a P/E ratio of 8.92 and a beta of 0.96. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 2.58.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, August 8th. The energy company reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $2.13. Cheniere Energy had a net margin of 28.55% and a return on equity of 48.19%. The company had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same period in the previous year, the company earned $5.61 EPS. The business’s quarterly revenue was down 19.6% compared to the same quarter last year. On average, equities analysts predict that Cheniere Energy will post 8.29 EPS for the current year.

Cheniere Energy declared that its Board of Directors has approved a share repurchase program on Monday, June 17th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the energy company to buy up to 9.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Cheniere Energy

A number of institutional investors have recently modified their holdings of LNG. Massachusetts Financial Services Co. MA raised its stake in shares of Cheniere Energy by 1,490.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company’s stock valued at $342,221,000 after purchasing an additional 1,834,347 shares in the last quarter. Norges Bank bought a new position in shares of Cheniere Energy in the fourth quarter valued at approximately $308,910,000. TD Asset Management Inc boosted its holdings in shares of Cheniere Energy by 231.8% in the first quarter. TD Asset Management Inc now owns 1,338,752 shares of the energy company’s stock valued at $215,914,000 after acquiring an additional 935,239 shares in the last quarter. Zimmer Partners LP boosted its holdings in shares of Cheniere Energy by 61.4% in the first quarter. Zimmer Partners LP now owns 1,222,723 shares of the energy company’s stock valued at $197,201,000 after acquiring an additional 465,000 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in Cheniere Energy during the first quarter valued at approximately $70,682,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

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.