Cheniere Energy, Inc. (NYSE:LNG) Receives $201.89 Consensus PT from Analysts

Cheniere Energy, Inc. (NYSE:LNG) has been given a consensus rating of “Moderate Buy” by the ten brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $201.89.

A number of equities research analysts recently commented on LNG shares. Bank of America initiated coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target on the stock. Royal Bank of Canada upped their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. TD Cowen boosted their price objective on shares of Cheniere Energy from $192.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Stifel Nicolaus decreased their price objective 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, Barclays lifted their price target 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.

Institutional Investors Weigh In On Cheniere Energy

A number of hedge funds have recently modified their holdings of the business. MCF Advisors LLC acquired a new stake in shares of Cheniere Energy during the second quarter worth $26,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cheniere Energy in the 3rd quarter valued at about $27,000. Lynx Investment Advisory bought a new stake in shares of Cheniere Energy in the second quarter valued at about $27,000. Carolinas Wealth Consulting LLC boosted its position 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 buying an additional 150 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in shares of Cheniere Energy during the third quarter worth about $28,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Trading Up 1.8 %

Shares of LNG stock opened at $205.67 on Friday. The firm has a fifty day moving average of $184.62 and a 200-day moving average of $174.68. The stock has a market cap of $46.15 billion, a price-to-earnings ratio of 13.13 and a beta of 0.94. Cheniere Energy has a 52-week low of $152.31 and a 52-week high of $206.18. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.93 and a current ratio of 1.07.

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 business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the firm earned $2.37 EPS. Cheniere Energy’s quarterly revenue was down 9.5% on a year-over-year basis. On average, equities research analysts forecast that Cheniere Energy will post 10.84 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, November 8th. Cheniere Energy’s dividend payout ratio is currently 11.11%.

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.