Morgan Stanley Issues Positive Forecast for Cheniere Energy (NYSE:LNG) Stock Price

Cheniere Energy (NYSE:LNG - Get Free Report) had its target price boosted by research analysts at Morgan Stanley from $195.00 to $255.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the energy company's stock. Morgan Stanley's price objective points to a potential upside of 10.70% from the company's current price.

Several other research analysts have also commented on the stock. Royal Bank of Canada raised their price objective 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. Scotiabank upped their price objective on Cheniere Energy from $242.00 to $247.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, January 21st. Bank of America initiated coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a "buy" rating and a $215.00 target price for the company. Stifel Nicolaus upped their price target on Cheniere Energy from $204.00 to $237.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Finally, Barclays lifted their price objective on Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $234.25.

Cheniere Energy Stock Up 1.0 %

Shares of NYSE:LNG opened at $230.35 on Friday. The company has a market capitalization of $51.68 billion, a price-to-earnings ratio of 14.71 and a beta of 0.99. Cheniere Energy has a 12-month low of $152.31 and a 12-month high of $257.65. The business has a 50-day moving average price of $223.13 and a 200 day moving average price of $199.04. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41.

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 for the quarter, beating the consensus estimate of $1.87 by $2.06. The firm 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%. The firm's revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.37 EPS. Sell-side analysts expect that Cheniere Energy will post 12.67 EPS for the current year.

Institutional Trading of Cheniere Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Cheniere Energy by 3.2% in the 3rd 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 during the period. Wellington Management Group LLP lifted 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 valued at $755,410,000 after purchasing an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Cheniere Energy by 91.4% during 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 buying an additional 1,789,919 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Cheniere Energy by 11.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,793,989 shares of the energy company's stock worth $322,631,000 after buying an additional 178,318 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Cheniere Energy by 61.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company's stock valued at $357,638,000 after buying an additional 631,787 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company's stock.

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.

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