Scotiabank Raises Cheniere Energy (NYSE:LNG) Price Target to $247.00

Cheniere Energy (NYSE:LNG) had its price objective boosted by Scotiabank from $242.00 to $247.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “sector outperform” rating on the energy company’s stock. Scotiabank’s price objective points to a potential downside of 1.07% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Barclays raised their price target on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Stifel Nicolaus raised their price target on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. TD Cowen raised their price target on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Wells Fargo & Company raised their price target on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, Bank of America began coverage on Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target for the company. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $231.64.

Cheniere Energy Stock Performance

Shares of LNG stock traded down $3.09 during trading hours on Tuesday, reaching $249.67. 1,942,454 shares of the company’s stock were exchanged, compared to its average volume of 1,971,231. The company has a market cap of $56.02 billion, a P/E ratio of 15.94 and a beta of 0.99. The company’s 50 day moving average is $220.52 and its two-hundred day moving average is $196.18. Cheniere Energy has a 1 year low of $152.31 and a 1 year high of $257.65. 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 released its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $2.06. The firm had revenue of $3.76 billion during 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%. Cheniere Energy’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.37 earnings per share. Equities research analysts anticipate that Cheniere Energy will post 12.66 EPS for the current fiscal year.

Institutional Trading of Cheniere Energy

A number of hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its stake in Cheniere Energy by 10.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock worth $99,000 after buying an additional 43 shares during the last quarter. Octavia Wealth Advisors LLC boosted its stake in Cheniere Energy by 3.7% in the 3rd quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock worth $269,000 after buying an additional 54 shares during the last quarter. Chemistry Wealth Management LLC boosted its stake in Cheniere Energy by 5.2% in the 4th quarter. Chemistry Wealth Management LLC now owns 1,241 shares of the energy company’s stock worth $267,000 after buying an additional 61 shares during the last quarter. Premier Path Wealth Partners LLC boosted its stake in Cheniere Energy by 5.4% in the 4th quarter. Premier Path Wealth Partners LLC now owns 1,191 shares of the energy company’s stock worth $256,000 after buying an additional 61 shares during the last quarter. Finally, MAI Capital Management boosted its stake in Cheniere Energy by 1.5% in the 3rd quarter. MAI Capital Management now owns 4,204 shares of the energy company’s stock worth $756,000 after buying an additional 62 shares during the last quarter. 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.