Cheniere Energy, Inc. (NYSE:LNG) Receives $305.65 Consensus PT from Analysts

Shares of Cheniere Energy, Inc. (NYSE:LNG) have received an average rating of “Moderate Buy” from the twenty research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $305.6471.

A number of research firms have recently weighed in on LNG. Wall Street Zen raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Benchmark reiterated an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, May 26th. Scotiabank boosted their price objective on shares of Cheniere Energy from $290.00 to $312.00 and gave the stock an “outperform” rating in a report on Thursday, September 10th. UBS Group restated a “buy” rating on shares of Cheniere Energy in a research report on Tuesday, September 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $310.00 target price on shares of Cheniere Energy in a report on Friday, August 7th.

Cheniere Energy Stock Down 1.0%

LNG opened at $268.15 on Monday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.87 and a quick ratio of 0.72. The business has a 50 day simple moving average of $270.76 and a 200-day simple moving average of $259.03. The stock has a market capitalization of $55.38 billion and a P/E ratio of 19.97. Cheniere Energy has a 12 month low of $186.20 and a 12 month high of $300.89.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $4.92 billion. During the same quarter last year, the firm earned $7.30 earnings per share. The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. On average, equities analysts anticipate that Cheniere Energy will post 16.31 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Investors of record on Monday, August 10th were issued a $0.555 dividend. The ex-dividend date was Monday, August 10th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. Cheniere Energy’s dividend payout ratio is currently 16.53%.

Hedge Funds Weigh In On Cheniere Energy

Several hedge funds have recently bought and sold shares of LNG. Anchor Investment Management LLC raised its holdings in Cheniere Energy by 5,166.7% during the second quarter. Anchor Investment Management LLC now owns 316 shares of the energy company’s stock worth $76,000 after purchasing an additional 310 shares during the last quarter. Talon Private Wealth LLC grew its holdings in Cheniere Energy by 33.9% in the second quarter. Talon Private Wealth LLC now owns 11,525 shares of the energy company’s stock valued at $2,754,000 after purchasing an additional 2,920 shares during the last quarter. Palogic Value Management L.P. acquired a new stake in Cheniere Energy in the second quarter valued at $825,000. Sequoia Financial Advisors LLC grew its holdings in Cheniere Energy by 4.4% in the second quarter. Sequoia Financial Advisors LLC now owns 150,826 shares of the energy company’s stock valued at $36,049,000 after purchasing an additional 6,366 shares during the last quarter. Finally, Tidal Investments LLC increased its position in shares of Cheniere Energy by 65.6% in the second quarter. Tidal Investments LLC now owns 46,113 shares of the energy company’s stock valued at $11,021,000 after buying an additional 18,275 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction, transportation and export of liquefied natural gas (LNG). The company purchases natural gas and processes it at its liquefaction facilities before shipping LNG to customers in international markets. Cheniere also provides natural gas pipeline, storage and other services that support its LNG operations.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility in South Texas.