Cheniere Energy, Inc. (NYSE:LNG) Receives $267.94 Consensus Target Price from Analysts

Shares of Cheniere Energy, Inc. (NYSE:LNGGet Free Report) have been assigned an average rating of “Moderate Buy” from the twenty research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $277.7059.

LNG has been the subject of a number of recent analyst reports. Royal Bank Of Canada reduced their price target on shares of Cheniere Energy from $282.00 to $271.00 and set an “outperform” rating for the company in a research report on Wednesday, January 28th. UBS Group increased their price objective on Cheniere Energy from $277.00 to $301.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. BMO Capital Markets lifted their price objective on Cheniere Energy from $265.00 to $306.00 and gave the company an “outperform” rating in a research note on Monday. Barclays boosted their target price on Cheniere Energy from $259.00 to $271.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Finally, Wells Fargo & Company decreased their target price on Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th.

Read Our Latest Analysis on LNG

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $284.44 on Monday. The company has a 50 day moving average of $231.53 and a 200 day moving average of $219.34. The stock has a market cap of $59.79 billion, a P/E ratio of 11.71 and a beta of 0.25. Cheniere Energy has a 12 month low of $186.20 and a 12 month high of $299.49. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 1.74.

Cheniere Energy (NYSE:LNGGet Free Report) last posted its earnings results on Wednesday, February 25th. The energy company reported $10.68 earnings per share for the quarter, topping analysts’ consensus estimates of $3.90 by $6.78. Cheniere Energy had a net margin of 26.68% and a return on equity of 32.04%. The business had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the prior year, the firm posted $4.33 EPS. Cheniere Energy’s revenue was up 22.9% on a year-over-year basis. As a group, sell-side analysts forecast that Cheniere Energy will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 6th were issued a dividend of $0.555 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. Cheniere Energy’s payout ratio is presently 9.14%.

Cheniere Energy declared that its board has authorized a stock buyback program on Thursday, February 26th that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the energy company to repurchase up to 21.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Key Stories Impacting Cheniere Energy

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

Institutional Investors Weigh In On Cheniere Energy

Hedge funds have recently bought and sold shares of the stock. Salomon & Ludwin LLC purchased a new position in Cheniere Energy in the 3rd quarter worth approximately $25,000. Strive Financial Group LLC bought a new position in shares of Cheniere Energy in the 4th quarter worth $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Cheniere Energy during the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Cheniere Energy during the 3rd quarter valued at $27,000. Finally, Accordant Advisory Group Inc bought a new stake in shares of Cheniere Energy during the 4th quarter worth $29,000. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Company Profile

(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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