Wells Fargo & Company Issues Pessimistic Forecast for Cheniere Energy (NYSE:LNG) Stock Price

Cheniere Energy (NYSE:LNG) had its price target dropped by stock analysts at Wells Fargo & Company from $284.00 to $280.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the energy company’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 44.01% from the company’s previous close.

Several other research firms also recently commented on LNG. Scotiabank decreased their target price on shares of Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating for the company in a research report on Thursday, November 13th. Zacks Research cut Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Bank of America lowered their price objective on Cheniere Energy from $274.00 to $271.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Erste Group Bank lowered Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $254.00 price target on shares of Cheniere Energy in a report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $267.27.

Cheniere Energy Stock Performance

Shares of NYSE LNG traded up $0.26 during midday trading on Monday, hitting $194.44. 233,014 shares of the company’s stock were exchanged, compared to its average volume of 1,720,044. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.81. The firm has a market cap of $41.85 billion, a P/E ratio of 10.83, a PEG ratio of 6.24 and a beta of 0.26. The stock’s 50 day moving average price is $201.04 and its 200-day moving average price is $221.53. Cheniere Energy has a twelve month low of $186.20 and a twelve month high of $257.65.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.52% and a net margin of 21.12%.The firm had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.87 billion. During the same quarter last year, the business posted $3.93 EPS. Cheniere Energy’s revenue was up 18.0% on a year-over-year basis. Equities research analysts anticipate that Cheniere Energy will post 11.69 EPS for the current year.

Insider Transactions at Cheniere Energy

In other Cheniere Energy news, Director W Benjamin Moreland bought 5,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was bought at an average price of $208.22 per share, for a total transaction of $1,041,100.00. Following the transaction, the director owned 9,856 shares of the company’s stock, valued at approximately $2,052,216.32. The trade was a 102.97% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.26% of the company’s stock.

Institutional Trading of Cheniere Energy

Several hedge funds have recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. grew its stake in shares of Cheniere Energy by 134.1% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock worth $25,000 after acquiring an additional 59 shares in the last quarter. Salomon & Ludwin LLC bought a new position in Cheniere Energy during the third quarter worth $25,000. Westside Investment Management Inc. lifted its position in Cheniere Energy by 473.7% during the second quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock worth $26,000 after acquiring an additional 90 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Cheniere Energy in the 3rd quarter valued at $27,000. Finally, Hilltop National Bank acquired a new stake in Cheniere Energy during the second quarter worth approximately $28,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.