The Goldman Sachs Group Raises Cheniere Energy (NYSE:LNG) Price Target to $261.00

Cheniere Energy (NYSE:LNG) had its target price increased by research analysts at The Goldman Sachs Group from $234.00 to $261.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the energy company’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 24.95% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada raised their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Stifel Nicolaus increased their price target on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. TD Cowen lifted their price objective on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Barclays increased their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, UBS Group raised their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $225.00.

Cheniere Energy Price Performance

Shares of LNG stock opened at $208.89 on Thursday. The firm has a market cap of $46.87 billion, a P/E ratio of 13.34 and a beta of 0.97. The firm has a fifty day moving average of $205.09 and a two-hundred day moving average of $186.85. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. Cheniere Energy has a 1-year low of $152.31 and a 1-year high of $228.10.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results 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. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the company posted $2.37 EPS. The business’s revenue was down 9.5% compared to the same quarter last year. As a group, research analysts anticipate that Cheniere Energy will post 11.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. MCF Advisors LLC purchased a new stake in Cheniere Energy in the 2nd quarter worth about $26,000. Carolinas Wealth Consulting LLC boosted its holdings in shares of Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after purchasing an additional 150 shares during the period. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cheniere Energy during the third quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new position in Cheniere Energy during the third quarter valued at approximately $28,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Cheniere Energy during the second quarter valued at approximately $30,000. Hedge funds and other 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.