Cheniere Energy (NYSE:LNG) Price Target Raised to $242.00

Cheniere Energy (NYSE:LNG - Get Free Report) had its price target boosted by stock analysts at 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 target price would suggest a potential upside of 9.06% from the company's previous close.

Several other analysts have also recently commented on LNG. Barclays raised their target price on Cheniere Energy from $199.00 to $202.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. UBS Group upped their price objective 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. Royal Bank of Canada raised their target price on shares of 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 reduced their price target 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. Finally, Bank of America started coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They issued a "buy" rating and a $215.00 price objective for the company. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $212.89.

Cheniere Energy Stock Performance

NYSE LNG traded up $3.68 during trading hours on Tuesday, hitting $221.90. The company had a trading volume of 1,302,690 shares, compared to its average volume of 1,781,905. Cheniere Energy has a fifty-two week low of $152.31 and a fifty-two week high of $225.44. The firm has a market cap of $49.79 billion, a P/E ratio of 13.93 and a beta of 0.94. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The business has a fifty day simple moving average of $192.63 and a 200-day simple moving average of $179.32.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted 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 net margin of 22.70% and a return on equity of 41.44%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period in the previous year, the business posted $2.37 EPS. Cheniere Energy's revenue was down 9.5% on a year-over-year basis. Equities analysts predict that Cheniere Energy will post 11.26 EPS for the current year.

Institutional Trading of Cheniere Energy

Several large investors have recently added to or reduced their stakes in LNG. Russell Investments Group Ltd. bought a new position in Cheniere Energy during the first quarter valued at about $34,000. Lazard Asset Management LLC boosted its position in Cheniere Energy by 20.8% during the first quarter. Lazard Asset Management LLC now owns 4,795 shares of the energy company's stock worth $772,000 after purchasing an additional 827 shares during the period. Silvercrest Asset Management Group LLC acquired a new position in Cheniere Energy during the first quarter valued at approximately $818,000. Jacobs Levy Equity Management Inc. raised its position in shares of Cheniere Energy by 103.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 46,060 shares of the energy company's stock valued at $7,429,000 after purchasing an additional 23,414 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Cheniere Energy during the 1st quarter worth $304,000. 87.26% of the stock is owned by institutional investors.

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.