Cheniere Energy (NYSE:LNG) Price Target Raised to $261.00 at The Goldman Sachs Group

Cheniere Energy (NYSE:LNG - Get Free Report) had its price objective raised by equities research analysts at The Goldman Sachs Group from $234.00 to $261.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the energy company's stock. The Goldman Sachs Group's price objective would indicate a potential upside of 26.74% from the stock's current price.

LNG has been the subject of several other reports. Stifel Nicolaus lifted their price objective on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. UBS Group increased their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Royal Bank of Canada boosted their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. TD Cowen increased their price target on Cheniere Energy from $202.00 to $242.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Finally, Bank of America started coverage on Cheniere Energy in a report on Thursday, October 17th. They set a "buy" rating and a $215.00 price objective for the company. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $225.00.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock traded down $0.71 during trading hours on Thursday, reaching $205.94. The company's stock had a trading volume of 2,237,805 shares, compared to its average volume of 1,762,511. 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 has a one year low of $152.31 and a one year high of $228.10. The firm has a 50 day moving average price of $204.45 and a 200-day moving average price of $186.38. The stock has a market cap of $46.21 billion, a P/E ratio of 13.15 and a beta of 0.97.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $2.06. The company had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The firm's revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.37 earnings per share. On average, analysts predict that Cheniere Energy will post 11.25 EPS for the current year.

Hedge Funds Weigh In On Cheniere Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its position 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 worth $978,047,000 after acquiring an additional 167,575 shares in the last quarter. Wellington Management Group LLP boosted its position in Cheniere Energy by 195.1% during 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 in the last quarter. Massachusetts Financial Services Co. MA grew its stake in 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 valued at $673,927,000 after purchasing an additional 1,789,919 shares during the last quarter. Tortoise Capital Advisors L.L.C. raised its holdings in 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 in the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Cheniere Energy by 7.4% during the second quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company's stock valued at $510,825,000 after buying an additional 202,097 shares during the last quarter. 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.