Cheniere Energy, Inc. (NYSEAMERICAN:LNG) Receives Consensus Recommendation of “Buy” from Brokerages

Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Get Rating) has received an average rating of “Buy” from the thirteen brokerages that are covering the firm, Marketbeat reports. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $136.00.

Several research firms recently issued reports on LNG. Sanford C. Bernstein boosted their price target on Cheniere Energy from $129.00 to $134.00 in a research note on Thursday, February 17th. Raymond James upped their target price on Cheniere Energy from $150.00 to $165.00 and gave the company a “strong-buy” rating in a research report on Wednesday. Barclays upped their target price on Cheniere Energy from $131.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, March 14th. Mizuho boosted their price target on Cheniere Energy from $128.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, February 25th. Finally, Royal Bank of Canada boosted their price target on Cheniere Energy from $116.00 to $151.00 and gave the stock an “outperform” rating in a report on Tuesday, March 8th.

NYSEAMERICAN:LNG opened at $136.58 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.93 and a debt-to-equity ratio of 24.30. The company has a market cap of $34.74 billion, a price-to-earnings ratio of -14.77 and a beta of 1.26. Cheniere Energy has a twelve month low of $71.90 and a twelve month high of $149.42.

Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) last posted its earnings results on Thursday, February 24th. The energy company reported ($5.22) earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($6.99). The business had revenue of $6.56 billion for the quarter, compared to analyst estimates of $4.48 billion. Cheniere Energy had a positive return on equity of 30.72% and a negative net margin of 14.77%. The firm’s revenue was up 135.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.77) earnings per share. Research analysts forecast that Cheniere Energy will post 10.91 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, February 28th. Stockholders of record on Monday, February 7th were paid a $0.33 dividend. The ex-dividend date was Friday, February 4th. This represents a $1.32 annualized dividend and a dividend yield of 0.97%. Cheniere Energy’s payout ratio is -14.27%.

In related news, Director Neal A. Shear sold 10,318 shares of the company’s stock in a transaction dated Thursday, March 31st. The stock was sold at an average price of $140.16, for a total transaction of $1,446,170.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.66% of the company’s stock.

Large investors have recently made changes to their positions in the business. Riverview Trust Co bought a new position in Cheniere Energy in the first quarter worth approximately $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Cheniere Energy during the first quarter valued at approximately $28,000. Allworth Financial LP increased its position in shares of Cheniere Energy by 97.1% during the third quarter. Allworth Financial LP now owns 270 shares of the energy company’s stock valued at $26,000 after acquiring an additional 133 shares during the last quarter. Farmers & Merchants Investments Inc. increased its position in shares of Cheniere Energy by 2,092.3% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 285 shares of the energy company’s stock valued at $29,000 after acquiring an additional 272 shares during the last quarter. Finally, Optimum Investment Advisors purchased a new stake in shares of Cheniere Energy during the first quarter valued at approximately $49,000. Institutional investors and hedge funds own 88.17% of the company’s stock.

About Cheniere Energy (Get Rating)

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.

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