Cheniere Energy, Inc. (NYSEAMERICAN:LNG) Receives Average Recommendation of “Buy” from Brokerages

Cheniere Energy, Inc. (NYSEAMERICAN:LNGGet Rating) has earned a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $175.10.

Several research firms recently commented on LNG. Barclays boosted their price objective on shares of Cheniere Energy from $160.00 to $186.00 and gave the company an “overweight” rating in a research report on Tuesday, August 16th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Cheniere Energy in a research report on Thursday. Morgan Stanley boosted their price objective on shares of Cheniere Energy from $154.00 to $203.00 in a research report on Thursday. Raymond James boosted their price objective on shares of Cheniere Energy from $175.00 to $178.00 and gave the company a “strong-buy” rating in a research report on Friday, August 5th. Finally, Royal Bank of Canada lifted their price target on shares of Cheniere Energy from $184.00 to $199.00 and gave the company an “outperform” rating in a research note on Wednesday, September 14th.

Insider Transactions at Cheniere Energy

In other news, SVP Aaron D. Stephenson sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $168.21, for a total transaction of $504,630.00. Following the transaction, the senior vice president now directly owns 56,016 shares in the company, valued at approximately $9,422,451.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.66% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Riverview Trust Co acquired a new position in Cheniere Energy in the 1st quarter valued at about $25,000. Financial Management Professionals Inc. bought a new stake in Cheniere Energy in the 2nd quarter valued at about $27,000. Northwest Investment Counselors LLC bought a new stake in Cheniere Energy in the 1st quarter valued at about $28,000. Janiczek Wealth Management LLC bought a new stake in Cheniere Energy in the 2nd quarter valued at about $30,000. Finally, Ronald Blue Trust Inc. bought a new stake in Cheniere Energy in the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 88.17% of the company’s stock.

Cheniere Energy Price Performance

Shares of NYSEAMERICAN LNG opened at $167.25 on Monday. The firm has a market cap of $41.78 billion, a PE ratio of -18.08 and a beta of 1.26. Cheniere Energy has a twelve month low of $84.19 and a twelve month high of $178.62. The company has a current ratio of 1.08, a quick ratio of 0.93 and a debt-to-equity ratio of 24.30.

Cheniere Energy (NYSEAMERICAN:LNGGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The energy company reported $2.90 EPS for the quarter, beating the consensus estimate of $2.83 by $0.07. The business had revenue of $8.01 billion for the quarter, compared to analysts’ expectations of $6.42 billion. Cheniere Energy had a negative net margin of 14.77% and a positive return on equity of 30.72%. The firm’s revenue was up 165.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.30) EPS. Analysts expect that Cheniere Energy will post 10.91 EPS for the current year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 16th. Stockholders of record on Tuesday, August 9th were paid a dividend of $0.33 per share. The ex-dividend date was Monday, August 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.79%. Cheniere Energy’s dividend payout ratio is presently -14.27%.

About Cheniere Energy

(Get Rating)

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 pipeline interconnecting the Sabine Pass LNG terminal with various interstate 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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Analyst Recommendations for Cheniere Energy (NYSEAMERICAN:LNG)

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