Cheniere Energy (NYSEAMERICAN:LNG) Now Covered by Scotiabank

Equities researchers at Scotiabank began coverage on shares of Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) in a report released on Thursday, The Fly reports. The firm set a “sector outperform” rating and a $194.00 price target on the energy company’s stock. Scotiabank’s target price would indicate a potential upside of 18.02% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Raymond James cut their price objective on shares of Cheniere Energy from $210.00 to $205.00 and set a “strong-buy” rating for the company in a research report on Monday, January 23rd. Cowen dropped their price target on shares of Cheniere Energy from $195.00 to $185.00 and set an “outperform” rating for the company in a research report on Friday, January 20th. Barclays dropped their price target on shares of Cheniere Energy from $200.00 to $192.00 and set an “overweight” rating for the company in a research report on Friday, January 13th. Citigroup dropped their price target on shares of Cheniere Energy from $205.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, January 9th. Finally, Mizuho lifted their price target on shares of Cheniere Energy from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 24th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $198.15.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $164.38 on Thursday. Cheniere Energy has a 52 week low of $120.09 and a 52 week high of $182.35. The company has a market capitalization of $40.87 billion, a PE ratio of -10.76 and a beta of 1.00. The stock’s 50-day simple moving average is $153.96.

Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The energy company reported $15.78 EPS for the quarter, topping analysts’ consensus estimates of $7.08 by $8.70. The business had revenue of $9.09 billion during the quarter, compared to analysts’ expectations of $8.04 billion. Cheniere Energy had a negative return on equity of 249.96% and a negative net margin of 12.40%. Cheniere Energy’s quarterly revenue was up 42.9% on a year-over-year basis. During the same quarter last year, the company posted ($5.22) earnings per share. On average, sell-side analysts anticipate that Cheniere Energy will post -7.54 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Vicky A. Bailey sold 2,700 shares of the business’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $141.50, for a total value of $382,050.00. Following the sale, the director now owns 33,862 shares of the company’s stock, valued at $4,791,473. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.53% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cheniere Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Cheniere Energy by 8.7% during the third quarter. Vanguard Group Inc. now owns 23,442,944 shares of the energy company’s stock valued at $3,889,419,000 after purchasing an additional 1,869,480 shares during the period. BlackRock Inc. raised its holdings in shares of Cheniere Energy by 15.0% during the third quarter. BlackRock Inc. now owns 20,678,479 shares of the energy company’s stock valued at $3,430,767,000 after purchasing an additional 2,699,343 shares during the period. State Street Corp raised its holdings in shares of Cheniere Energy by 13.6% during the first quarter. State Street Corp now owns 6,934,156 shares of the energy company’s stock valued at $961,421,000 after purchasing an additional 830,898 shares during the period. Alps Advisors Inc. raised its holdings in shares of Cheniere Energy by 7,646.2% during the second quarter. Alps Advisors Inc. now owns 5,989,787 shares of the energy company’s stock valued at $276,836,000 after purchasing an additional 5,912,462 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Cheniere Energy by 17.7% during the second quarter. JPMorgan Chase & Co. now owns 4,030,116 shares of the energy company’s stock valued at $536,126,000 after purchasing an additional 606,893 shares during the period. Institutional investors and hedge funds own 84.25% of the company’s stock.

About Cheniere Energy

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Cheniere Energy, Inc engages in liquefied natural gas (LNG) related businesses. It owns and operates LNG terminals, develops, constructs, and operates liquefaction projects near Corpus Christi, Texas, and at the Sabine Pass LNG terminal. The company was founded by Charif Souki in 1996 and is headquartered in Houston, TX.