Cheniere Energy (NYSE:LNG) Stock Price Expected to Rise, TD Cowen Analyst Says

Cheniere Energy (NYSE:LNGFree Report) had its target price raised by TD Cowen from $192.00 to $202.00 in a research report report published on Tuesday morning, Marketbeat reports. TD Cowen currently has a buy rating on the energy company’s stock.

Several other equities analysts have also recently weighed in on LNG. Stifel Nicolaus decreased their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Royal Bank of Canada upped their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Barclays lifted their target price on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, Bank of America started coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target on the stock. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $201.89.

Get Our Latest Stock Analysis on LNG

Cheniere Energy Stock Up 1.3 %

Shares of LNG stock traded up $2.53 during trading hours on Tuesday, hitting $204.52. 53,735 shares of the company were exchanged, compared to its average volume of 1,766,058. The company has a market capitalization of $45.89 billion, a PE ratio of 12.90 and a beta of 0.94. Cheniere Energy has a 52 week low of $152.31 and a 52 week high of $204.54. The business has a 50 day moving average of $183.85 and a two-hundred day moving average of $174.06. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNGGet Free Report) last announced its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm earned $2.37 EPS. Cheniere Energy’s revenue for the quarter was down 9.5% compared to the same quarter last year. Analysts anticipate that Cheniere Energy will post 10.56 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is currently 11.11%.

Hedge Funds Weigh In On Cheniere Energy

A number of hedge funds have recently added to or reduced their stakes in LNG. Octavia Wealth Advisors LLC lifted its stake in Cheniere Energy by 3.7% in the 3rd quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock valued at $269,000 after purchasing an additional 54 shares during the last quarter. MAI Capital Management increased its holdings in shares of Cheniere Energy by 1.5% during the third quarter. MAI Capital Management now owns 4,204 shares of the energy company’s stock worth $756,000 after buying an additional 62 shares in the last quarter. Signature Wealth Management Group lifted its stake in shares of Cheniere Energy by 1.4% in the 2nd quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company’s stock valued at $832,000 after acquiring an additional 66 shares during the last quarter. Sapient Capital LLC boosted its holdings in shares of Cheniere Energy by 0.9% during the 3rd quarter. Sapient Capital LLC now owns 7,514 shares of the energy company’s stock valued at $1,351,000 after acquiring an additional 67 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its holdings in shares of Cheniere Energy by 57.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock valued at $33,000 after acquiring an additional 68 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Company Profile

(Get Free Report)

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.

Read More

Analyst Recommendations for Cheniere Energy (NYSE:LNG)

Receive News & Ratings for Cheniere Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy and related companies with MarketBeat.com's FREE daily email newsletter.