TD Cowen Issues Positive Forecast for Cheniere Energy (NYSE:LNG) Stock Price

Cheniere Energy (NYSE:LNG - Get Free Report) had its price objective hoisted by equities research analysts at TD Cowen from $242.00 to $250.00 in a research note issued to investors on Monday, MarketBeat.com reports. The firm currently has a "buy" rating on the energy company's stock. TD Cowen's target price points to a potential upside of 11.61% from the company's previous close.

A number of other equities analysts also recently issued reports on LNG. Bank of America began 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. Wells Fargo & Company upped their price target on Cheniere Energy from $213.00 to $235.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Royal Bank of Canada upped their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. The Goldman Sachs Group upped their price target on Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Finally, Barclays upped their price target on Cheniere Energy from $202.00 to $253.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Cheniere Energy presently has a consensus rating of "Moderate Buy" and an average price target of $232.36.

Cheniere Energy Trading Down 3.4 %

Shares of NYSE LNG traded down $7.86 during trading hours on Monday, reaching $224.00. The stock had a trading volume of 3,290,104 shares, compared to its average volume of 2,428,414. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm has a market cap of $50.26 billion, a price-to-earnings ratio of 14.30 and a beta of 0.99. The business's fifty day moving average price is $222.57 and its two-hundred day moving average price is $197.94. Cheniere Energy has a 52-week low of $152.31 and a 52-week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping analysts' consensus estimates of $1.87 by $2.06. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. Cheniere Energy's revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.37 earnings per share. Analysts expect that Cheniere Energy will post 12.67 EPS for the current fiscal year.

Institutional Investors Weigh In On Cheniere Energy

Hedge funds have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Cheniere Energy by 170.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company's stock worth $26,000 after acquiring an additional 75 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Cheniere Energy during the 3rd quarter worth about $27,000. Capital Performance Advisors LLP acquired a new position in shares of Cheniere Energy during the 3rd quarter worth about $28,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Cheniere Energy during the 2nd quarter worth about $30,000. Finally, Adirondack Trust Co. acquired a new position in shares of Cheniere Energy during the 4th quarter worth about $43,000. 87.26% of the stock is owned by hedge funds and other 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.