Cheniere Energy (NYSE:LNG) Stock Rating Lowered by Erste Group Bank

Cheniere Energy (NYSE:LNG) was downgraded by investment analysts at Erste Group Bank from a “buy” rating to a “hold” rating in a report released on Monday, Marketbeat reports.

A number of other equities analysts also recently issued reports on the company. Jefferies Financial Group set a $290.00 price objective on Cheniere Energy in a report on Thursday, October 30th. Mizuho lifted their price target on shares of Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. TD Cowen boosted their price objective on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Finally, Zacks Research cut Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $268.73.

Cheniere Energy Trading Up 0.2%

NYSE:LNG opened at $212.02 on Monday. Cheniere Energy has a 12 month low of $188.70 and a 12 month high of $257.65. The stock has a market cap of $45.63 billion, a price-to-earnings ratio of 12.38, a P/E/G ratio of 6.08 and a beta of 0.36. The company has a 50-day moving average price of $226.50 and a 200-day moving average price of $232.18. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The business had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.87 billion. During the same period in the previous year, the firm posted $3.93 EPS. The business’s revenue was up 18.0% on a year-over-year basis. Equities analysts predict that Cheniere Energy will post 11.69 EPS for the current year.

Insiders Place Their Bets

In other Cheniere Energy news, Director W Benjamin Moreland acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average cost of $208.22 per share, with a total value of $1,041,100.00. Following the transaction, the director owned 9,856 shares of the company’s stock, valued at $2,052,216.32. The trade was a 102.97% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.26% of the stock is currently owned by insiders.

Institutional Trading of Cheniere Energy

A number of institutional investors and hedge funds have recently modified their holdings of LNG. Norges Bank purchased a new stake in shares of Cheniere Energy during the second quarter valued at $957,425,000. Kingstone Capital Partners Texas LLC purchased a new position in Cheniere Energy in the 2nd quarter worth about $384,806,000. Nuveen LLC bought a new position in Cheniere Energy during the 1st quarter valued at about $294,793,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Cheniere Energy by 704.3% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 952,092 shares of the energy company’s stock valued at $231,853,000 after acquiring an additional 833,723 shares during the period. Finally, AustralianSuper Pty Ltd purchased a new stake in shares of Cheniere Energy during the 3rd quarter valued at about $142,688,000. 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.