Cheniere Energy (NYSE:LNG) Cut to Peer Perform at Wolfe Research

Cheniere Energy (NYSE:LNG) was downgraded by stock analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a research report issued to clients and investors on Monday, Briefing.com reports.

LNG has been the subject of several other reports. Zacks Research downgraded shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Sanford C. Bernstein restated an “outperform” rating and issued a $283.00 price objective on shares of Cheniere Energy in a research note on Thursday. Jefferies Financial Group restated a “buy” rating and issued a $336.00 price objective on shares of Cheniere Energy in a research note on Saturday, October 10th. TD Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a research report on Friday, October 16th. Finally, Barclays lifted their target price on Cheniere Energy from $287.00 to $328.00 and gave the stock an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $319.82.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $330.52 on Monday. The stock has a market cap of $67.49 billion, a P/E ratio of 23.06, a P/E/G ratio of 1.11 and a beta of 0.01. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.90 and a quick ratio of 0.76. The company has a fifty day moving average price of $282.07 and a two-hundred day moving average price of $255.68. Cheniere Energy has a one year low of $186.20 and a one year high of $330.73.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $4.92 billion. Cheniere Energy had a net margin of 13.08% and a return on equity of 26.73%. The business’s revenue was up 23.5% on a year-over-year basis. During the same period last year, the business earned $7.30 EPS. As a group, equities analysts predict that Cheniere Energy will post 19.88 EPS for the current year.

Hedge Funds Weigh In On Cheniere Energy

Several institutional investors and hedge funds have recently made changes to their positions in the company. Community Financial Services Group LLC bought a new position in shares of Cheniere Energy during the second quarter worth approximately $29,000. Eastern Bank boosted its stake in Cheniere Energy by 130.0% in the 3rd quarter. Eastern Bank now owns 115 shares of the energy company’s stock valued at $31,000 after purchasing an additional 65 shares during the period. Washington Trust Advisors Inc. boosted its stake in Cheniere Energy by 510.5% in the 3rd quarter. Washington Trust Advisors Inc. now owns 116 shares of the energy company’s stock valued at $31,000 after purchasing an additional 97 shares during the period. Transamerica Financial Advisors LLC boosted its stake in Cheniere Energy by 91.3% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company’s stock valued at $32,000 after purchasing an additional 63 shares during the period. Finally, Curry Webb Wealth Management LLC acquired a new position in Cheniere Energy in the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Company Profile

Cheniere Energy, Inc is an energy infrastructure company engaged primarily in the production and export of liquefied natural gas (LNG). The company purchases natural gas, processes it through liquefaction facilities, and delivers LNG to customers in international energy markets. Its operations also include natural gas procurement, transportation, storage, and LNG marketing.

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