TD Cowen Forecasts Strong Price Appreciation for Cheniere Energy (NYSE:LNG) Stock

Cheniere Energy (NYSE:LNG) had its target price raised by TD Cowen from $202.00 to $242.00 in a research note issued on Tuesday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the energy company’s stock. TD Cowen’s price target would indicate a potential upside of 9.12% from the stock’s current price.

A number of other research analysts have also weighed in on LNG. Barclays boosted their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. UBS Group boosted their price objective on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Bank of America started coverage on Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 target price for the company. Stifel Nicolaus dropped their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Royal Bank of Canada increased their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and an average target price of $212.89.

Cheniere Energy Stock Down 0.1 %

Shares of LNG stock opened at $221.77 on Tuesday. The stock’s 50 day simple moving average is $194.29 and its 200 day simple moving average is $180.07. Cheniere Energy has a twelve month low of $152.31 and a twelve month high of $225.44. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The company has a market capitalization of $49.76 billion, a price-to-earnings ratio of 14.16 and a beta of 0.94.

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

Hedge Funds Weigh In On Cheniere Energy

A number of hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in Cheniere Energy by 3.2% in the third quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company’s stock valued at $978,047,000 after acquiring an additional 167,575 shares during the period. Wellington Management Group LLP grew its stake in shares of Cheniere Energy by 195.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock valued at $755,410,000 after purchasing an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Cheniere Energy by 91.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock worth $673,927,000 after buying an additional 1,789,919 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its position in shares of Cheniere Energy by 9.2% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock worth $566,956,000 after buying an additional 273,588 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in Cheniere Energy by 7.4% in the 2nd quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock valued at $510,825,000 after buying an additional 202,097 shares in the last quarter. 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.