Cheniere Energy (NYSE:LNG) PT Set at $261.00 by Scotiabank

Cheniere Energy (NYSE:LNG) received a $261.00 price objective from equities researchers at Scotiabank in a note issued to investors on Tuesday, Marketbeat reports. The brokerage currently has a “sector outperform” rating on the energy company’s stock. Scotiabank’s price target suggests a potential upside of 12.64% from the company’s previous close.

Other research analysts have also issued research reports about the company. Raymond James Financial reissued a “strong-buy” rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Argus initiated coverage on shares of Cheniere Energy in a report on Tuesday, March 18th. They issued a “buy” rating and a $255.00 price target on the stock. Bank of America raised their price objective on shares of Cheniere Energy from $258.00 to $271.00 and gave the company a “buy” rating in a research report on Wednesday, June 25th. Stifel Nicolaus dropped their price objective on shares of Cheniere Energy from $255.00 to $247.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Finally, Wolfe Research cut Cheniere Energy from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and a consensus price target of $260.36.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $231.71 on Tuesday. Cheniere Energy has a 1-year low of $167.66 and a 1-year high of $257.65. The company has a current ratio of 1.19, a quick ratio of 1.06 and a debt-to-equity ratio of 2.24. The firm has a market capitalization of $51.39 billion, a PE ratio of 16.95 and a beta of 0.42. The firm’s 50 day simple moving average is $235.77 and its 200 day simple moving average is $228.71.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($1.24). Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The firm had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same period in the previous year, the company posted $2.13 EPS. The company’s revenue for the quarter was up 28.0% compared to the same quarter last year. As a group, analysts expect that Cheniere Energy will post 11.69 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Neal A. Shear sold 4,300 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the completion of the sale, the director directly owned 29,733 shares in the company, valued at approximately $7,312,236.69. This represents a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Institutional Trading of Cheniere Energy

Several large investors have recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. raised its position in shares of Cheniere Energy by 134.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock worth $25,000 after acquiring an additional 59 shares in the last quarter. REAP Financial Group LLC raised its holdings in Cheniere Energy by 150.0% in the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company’s stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Banque Transatlantique SA bought a new position in Cheniere Energy in the fourth quarter worth $32,000. Cooksen Wealth LLC purchased a new position in Cheniere Energy during the first quarter valued at $38,000. Finally, WPG Advisers LLC purchased a new position in Cheniere Energy during the first quarter valued at $38,000. 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.