Stifel Nicolaus Increases Cheniere Energy (NYSE:LNG) Price Target to $208.00

Cheniere Energy (NYSE:LNG) had its price target lifted by stock analysts at Stifel Nicolaus from $204.00 to $208.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the energy company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 33.19% from the company’s previous close.

LNG has been the subject of a number of other research reports. TD Cowen reduced their price target on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research report on Tuesday, February 27th. UBS Group reduced their target price on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Redburn Atlantic started coverage on shares of Cheniere Energy in a report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price target on the stock. StockNews.com cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Finally, Barclays lifted their target price on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a research note on Wednesday, January 17th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and an average target price of $196.40.

Cheniere Energy Stock Down 0.4 %

Shares of NYSE:LNG opened at $156.17 on Monday. The business has a 50 day simple moving average of $157.93. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59. The company has a market cap of $36.02 billion, a PE ratio of 7.61 and a beta of 0.95. Cheniere Energy has a twelve month low of $135.30 and a twelve month high of $183.46.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.17). Cheniere Energy had a return on equity of 48.95% and a net margin of 28.55%. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the business posted $6.89 earnings per share. The firm’s revenue was down 41.8% on a year-over-year basis. Analysts expect that Cheniere Energy will post 8.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cheniere Energy

Several institutional investors have recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC purchased a new position in shares of Cheniere Energy in the third quarter valued at $25,000. Cooksen Wealth LLC bought a new position in Cheniere Energy during the fourth quarter valued at $28,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Cheniere Energy by 203.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock worth $29,000 after buying an additional 118 shares in the last quarter. Riverview Trust Co bought a new stake in shares of Cheniere Energy in the 1st quarter worth about $29,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Cheniere Energy during the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

About Cheniere Energy

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 natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate 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.