Cheniere Energy (NYSE:LNG) Price Target Raised to $235.00 at Wells Fargo & Company

Cheniere Energy (NYSE:LNG - Get Free Report) had its price target increased by equities researchers at Wells Fargo & Company from $213.00 to $235.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the energy company's stock. Wells Fargo & Company's price objective would suggest a potential upside of 13.72% from the company's current price.

Several other brokerages also recently weighed in on LNG. Royal Bank of Canada upped 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. Bank of America initiated coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They issued a "buy" rating and a $215.00 price objective for the company. UBS Group boosted their target price 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. Stifel Nicolaus raised their price target on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Finally, Barclays upped their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Cheniere Energy currently has an average rating of "Moderate Buy" and a consensus target price of $221.00.

Cheniere Energy Trading Down 1.9 %

Shares of LNG traded down $4.03 during mid-day trading on Wednesday, reaching $206.65. The company had a trading volume of 1,771,777 shares, compared to its average volume of 1,760,231. 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 stock has a market cap of $46.37 billion, a price-to-earnings ratio of 13.20 and a beta of 0.97. The firm has a fifty day simple moving average of $204.13 and a 200-day simple moving average of $186.24. Cheniere Energy has a fifty-two week low of $152.31 and a fifty-two week high of $228.10.

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, topping analysts' consensus estimates 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 company's revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.37 EPS. On average, sell-side analysts anticipate that Cheniere Energy will post 11.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Cheniere Energy

A number of institutional investors have recently bought and sold shares of the business. Castellan Group bought a new stake in Cheniere Energy during the third quarter worth approximately $5,515,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Cheniere Energy in the third quarter worth $159,000. World Investment Advisors LLC bought a new stake in shares of Cheniere Energy during the 3rd quarter worth $225,000. Sanctuary Advisors LLC grew its stake in Cheniere Energy by 4.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 49,034 shares of the energy company's stock valued at $8,818,000 after buying an additional 1,922 shares during the last quarter. Finally, Aldebaran Financial Inc. lifted its position in Cheniere Energy by 26.1% during the 3rd quarter. Aldebaran Financial Inc. now owns 5,195 shares of the energy company's stock worth $934,000 after acquiring an additional 1,076 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

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.