Cheniere Energy, Inc. (NYSE:LNG) Receives $262.67 Average Price Target from Analysts

Shares of Cheniere Energy, Inc. (NYSE:LNGGet Free Report) have earned a consensus rating of “Moderate Buy” from the twenty-one ratings firms that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $263.8333.

A number of brokerages have recently commented on LNG. Morgan Stanley set a $236.00 target price on shares of Cheniere Energy and gave the company an “equal weight” rating in a report on Tuesday, February 24th. UBS Group raised their target price on Cheniere Energy from $277.00 to $301.00 and gave the company a “buy” rating in a report on Tuesday. Weiss Ratings cut shares of Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 20th. Bank of America dropped their target price on shares of Cheniere Energy from $274.00 to $271.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Finally, TD Cowen boosted their price target on Cheniere Energy from $250.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 27th.

Check Out Our Latest Research Report on Cheniere Energy

Key Headlines Impacting Cheniere Energy

Here are the key news stories impacting Cheniere Energy this week:

Institutional Investors Weigh In On Cheniere Energy

Large investors have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC acquired a new position in Cheniere Energy during the third quarter worth about $25,000. Strive Financial Group LLC purchased a new position in shares of Cheniere Energy during the 4th quarter worth approximately $25,000. Westside Investment Management Inc. raised its position in shares of Cheniere Energy by 473.7% during the 2nd quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock worth $26,000 after purchasing an additional 90 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Cheniere Energy in the 4th quarter valued at approximately $26,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Cheniere Energy during the 3rd quarter valued at $27,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $249.22 on Thursday. Cheniere Energy has a 12 month low of $186.20 and a 12 month high of $255.78. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.94 and a quick ratio of 0.81. The firm has a market capitalization of $52.39 billion, a P/E ratio of 10.26 and a beta of 0.25. The company’s fifty day moving average price is $210.80 and its 200 day moving average price is $216.69.

Cheniere Energy (NYSE:LNGGet Free Report) last announced its earnings results on Thursday, February 26th. The energy company reported $10.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.90 by $6.78. The firm had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Cheniere Energy had a return on equity of 32.04% and a net margin of 26.68%.The business’s revenue was up 22.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.33 EPS. As a group, sell-side analysts predict that Cheniere Energy will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 6th were issued a $0.555 dividend. The ex-dividend date of this dividend was Friday, February 6th. This represents a $2.22 annualized dividend and a yield of 0.9%. Cheniere Energy’s dividend payout ratio is 9.14%.

Cheniere Energy declared that its Board of Directors has authorized a share repurchase plan on Thursday, February 26th that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the energy company to reacquire up to 21.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

About Cheniere Energy

(Get Free Report)

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.

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Analyst Recommendations for Cheniere Energy (NYSE:LNG)

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