JPMorgan Chase & Co. Raises Cheniere Energy (NYSE:LNG) Price Target to $334.00

Cheniere Energy (NYSE:LNG) had its target price boosted by investment analysts at JPMorgan Chase & Co. from $327.00 to $334.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the energy company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 24.04% from the stock’s current price.

A number of other research firms also recently weighed in on LNG. Sanford C. Bernstein assumed coverage on Cheniere Energy in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $283.00 price target on the stock. Barclays raised their target price on Cheniere Energy from $271.00 to $274.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Morgan Stanley lowered their price target on shares of Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Jefferies Financial Group upped their price target on shares of Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. Finally, Zacks Research upgraded shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $298.88.

Cheniere Energy Trading Down 1.0%

Shares of Cheniere Energy stock opened at $269.27 on Friday. Cheniere Energy has a 52-week low of $186.20 and a 52-week high of $300.89. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. The company’s 50-day simple moving average is $244.52 and its 200-day simple moving average is $242.07. The firm has a market cap of $56.43 billion, a price-to-earnings ratio of 44.29 and a beta of -0.01.

Institutional Investors Weigh In On Cheniere Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Trivium Point Advisory LLC grew its holdings in Cheniere Energy by 38.8% during the 4th quarter. Trivium Point Advisory LLC now owns 56,930 shares of the energy company’s stock valued at $11,067,000 after buying an additional 15,927 shares during the last quarter. J. Safra Sarasin Holding AG increased its position in Cheniere Energy by 227.7% during the fourth quarter. J. Safra Sarasin Holding AG now owns 15,505 shares of the energy company’s stock worth $3,014,000 after buying an additional 10,774 shares in the last quarter. Generate Investment Management Ltd acquired a new position in shares of Cheniere Energy in the fourth quarter worth $10,691,000. Sovereign Financial Group Inc. acquired a new position in shares of Cheniere Energy in the first quarter worth $1,472,000. Finally, Lewis Asset Management LLC lifted its position in shares of Cheniere Energy by 127.4% in the fourth quarter. Lewis Asset Management LLC now owns 8,751 shares of the energy company’s stock valued at $1,701,000 after acquiring an additional 4,903 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

About Cheniere Energy

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.