Cheniere Energy (NYSE:LNG) Stock Rating Lowered by Zacks Research

Cheniere Energy (NYSE:LNG) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

LNG has been the topic of a number of other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cheniere Energy in a report on Friday, August 7th. Morgan Stanley reiterated an “overweight” rating and set a $310.00 price target on shares of Cheniere Energy in a research note on Friday, August 7th. Wall Street Zen raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Sanford C. Bernstein initiated coverage on shares of Cheniere Energy in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $283.00 price objective on the stock. Finally, Benchmark reaffirmed an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $299.88.

Cheniere Energy Trading Up 0.9%

LNG opened at $267.91 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. Cheniere Energy has a 52 week low of $186.20 and a 52 week high of $300.89. The business’s 50 day moving average is $250.50 and its two-hundred day moving average is $247.86. The firm has a market cap of $55.33 billion, a price-to-earnings ratio of 19.95 and a beta of -0.01.

Institutional Investors Weigh In On Cheniere Energy

Several hedge funds have recently modified their holdings of LNG. First Horizon Corp increased its stake in shares of Cheniere Energy by 7.7% during the 1st quarter. First Horizon Corp now owns 517 shares of the energy company’s stock worth $147,000 after purchasing an additional 37 shares during the last quarter. Signal Advisors Wealth LLC raised its holdings in shares of Cheniere Energy by 2.9% in the 1st quarter. Signal Advisors Wealth LLC now owns 1,497 shares of the energy company’s stock valued at $425,000 after purchasing an additional 42 shares during the period. Independence Bank of Kentucky lifted its stake in Cheniere Energy by 6.8% in the 1st quarter. Independence Bank of Kentucky now owns 725 shares of the energy company’s stock valued at $206,000 after purchasing an additional 46 shares during the last quarter. Optiver Holding B.V. lifted its stake in Cheniere Energy by 54.5% in the 1st quarter. Optiver Holding B.V. now owns 136 shares of the energy company’s stock valued at $39,000 after purchasing an additional 48 shares during the last quarter. Finally, Quest Investment Management LLC lifted its stake in Cheniere Energy by 6.1% in the 3rd quarter. Quest Investment Management LLC now owns 875 shares of the energy company’s stock valued at $206,000 after purchasing an additional 50 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 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.