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

Cheniere Energy (NYSE:LNG) had its target price boosted by TD Cowen from $242.00 to $250.00 in a report issued on Monday, MarketBeat reports. They currently have a buy rating on the energy company’s stock.

LNG has been the subject of several other reports. Wells Fargo & Company lifted their price objective on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Bank of America started coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective for the company. Scotiabank lifted their price objective on Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Barclays lifted their price objective on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Stifel Nicolaus lifted their price objective on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $232.36.

Cheniere Energy Price Performance

LNG opened at $224.00 on Monday. The stock has a 50-day moving average price of $222.57 and a 200-day moving average price of $197.94. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The firm has a market cap of $50.26 billion, a PE ratio of 14.30 and a beta of 0.99. Cheniere Energy has a 1 year low of $152.31 and a 1 year high of $257.65.

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, topping 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 firm had revenue of $3.76 billion during 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% compared to the same quarter last year. Sell-side analysts predict that Cheniere Energy will post 12.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cheniere Energy

A number of large investors have recently made changes to their positions in LNG. Geneos Wealth Management Inc. grew its stake in shares of Cheniere Energy by 10.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock valued at $99,000 after acquiring an additional 43 shares during the period. Flagship Harbor Advisors LLC grew its stake in shares of Cheniere Energy by 2.0% during the 4th quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock valued at $503,000 after acquiring an additional 46 shares during the period. Octavia Wealth Advisors LLC grew its stake in shares of Cheniere Energy by 3.7% during the 3rd quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock valued at $269,000 after acquiring an additional 54 shares during the period. Chemistry Wealth Management LLC grew its stake in shares of Cheniere Energy by 5.2% during the 4th quarter. Chemistry Wealth Management LLC now owns 1,241 shares of the energy company’s stock valued at $267,000 after acquiring an additional 61 shares during the period. Finally, Premier Path Wealth Partners LLC grew its stake in shares of Cheniere Energy by 5.4% during the 4th quarter. Premier Path Wealth Partners LLC now owns 1,191 shares of the energy company’s stock valued at $256,000 after acquiring an additional 61 shares during the period. 87.26% of the stock is currently owned by institutional investors.

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.