Cheniere Energy (NYSE:LNG) Given New $242.00 Price Target at TD Cowen

Cheniere Energy (NYSE:LNG) had its price objective upped by stock analysts at TD Cowen from $202.00 to $242.00 in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the energy company’s stock. TD Cowen’s price objective suggests a potential upside of 9.12% from the stock’s previous close.

LNG has been the topic of a number of other research reports. Barclays increased their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. UBS Group raised their price target on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada upped their price objective on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Stifel Nicolaus lowered their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Bank of America assumed coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 target price for the company. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $212.89.

Cheniere Energy Stock Performance

NYSE:LNG opened at $221.77 on Tuesday. The stock has a market capitalization of $49.76 billion, a P/E ratio of 14.16 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy has a 1 year low of $152.31 and a 1 year high of $225.44. The firm has a 50 day moving average of $194.29 and a 200-day moving average of $180.07.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $2.06. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.37 EPS. As a group, sell-side analysts anticipate that Cheniere Energy will post 11.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. MCF Advisors LLC acquired a new position in shares of Cheniere Energy in the 2nd quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Cheniere Energy in the third quarter worth about $27,000. Lynx Investment Advisory acquired a new stake in shares of Cheniere Energy during the second quarter worth about $27,000. Carolinas Wealth Consulting LLC lifted its holdings in shares of Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Cheniere Energy in the 3rd quarter valued at approximately $28,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Company Profile

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.