UBS Group Increases Cheniere Energy (NYSE:LNG) Price Target to $265.00

Cheniere Energy (NYSE:LNG - Get Free Report) had its price objective boosted by equities researchers at UBS Group from $232.00 to $265.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the energy company's stock. UBS Group's target price indicates a potential upside of 24.82% from the company's previous close.

LNG has been the subject of several other research reports. Royal Bank of Canada raised their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Barclays raised their target price on Cheniere Energy from $199.00 to $202.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. Stifel Nicolaus decreased their target price on Cheniere Energy from $208.00 to $204.00 and set a "buy" rating for the company in a research report on Friday, August 9th. TD Cowen raised their target price on Cheniere Energy from $192.00 to $202.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Finally, Bank of America began coverage on Cheniere Energy in a research report on Thursday, October 17th. They issued a "buy" rating and a $215.00 target price for the company. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Cheniere Energy has a consensus rating of "Moderate Buy" and a consensus price target of $208.44.

Cheniere Energy Price Performance

Shares of NYSE:LNG traded up $1.52 on Friday, reaching $212.30. 1,598,964 shares of the company traded hands, compared to its average volume of 1,783,304. Cheniere Energy has a fifty-two week low of $152.31 and a fifty-two week high of $217.95. The company's 50 day moving average is $187.01 and its 200-day moving average is $176.06. The stock has a market capitalization of $47.63 billion, a PE ratio of 13.46 and a beta of 0.94. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating 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 return on equity of 41.44% and a net margin of 22.70%. The company's quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.37 EPS. As a group, analysts anticipate that Cheniere Energy will post 11.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cheniere Energy

Several institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its holdings in Cheniere Energy by 3.2% during the third quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company's stock valued at $978,047,000 after buying an additional 167,575 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Cheniere Energy by 8.5% during the second quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company's stock valued at $921,503,000 after buying an additional 413,744 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Cheniere Energy by 195.1% in the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company's stock worth $755,410,000 after purchasing an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Cheniere Energy by 91.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company's stock worth $673,927,000 after purchasing an additional 1,789,919 shares during the period. Finally, Tortoise Capital Advisors L.L.C. increased its stake in shares of Cheniere Energy by 9.2% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company's stock worth $566,956,000 after purchasing an additional 273,588 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.