Cowen Cuts Cheniere Energy (NYSEAMERICAN:LNG) Price Target to $185.00

Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) had its target price cut by analysts at Cowen from $195.00 to $185.00 in a research note issued on Friday, The Fly reports. The firm presently has an “outperform” rating on the energy company’s stock. Cowen’s price target would indicate a potential upside of 21.93% from the stock’s current price.

A number of other research firms have also commented on LNG. Raymond James lifted their price objective on Cheniere Energy from $178.00 to $210.00 and gave the stock a “strong-buy” rating in a research note on Thursday, October 20th. Jefferies Financial Group initiated coverage on Cheniere Energy in a research report on Wednesday, October 19th. They set a “buy” rating and a $210.00 target price on the stock. Citigroup decreased their target price on Cheniere Energy from $205.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, January 9th. Barclays decreased their target price on Cheniere Energy from $200.00 to $192.00 and set an “overweight” rating on the stock in a research report on Friday, January 13th. Finally, Mizuho lifted their target price on Cheniere Energy from $174.00 to $208.00 and gave the stock a “buy” rating in a research report on Friday, November 4th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $194.54.

Cheniere Energy Stock Up 0.8 %

Shares of NYSEAMERICAN:LNG opened at $151.73 on Friday. Cheniere Energy has a 1 year low of $100.13 and a 1 year high of $182.35. The firm has a market cap of $37.73 billion, a P/E ratio of -9.94 and a beta of 1.00.

Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) last posted its earnings results on Thursday, November 3rd. The energy company reported $7.80 earnings per share for the quarter, beating the consensus estimate of $5.46 by $2.34. The company had revenue of $8.85 billion for the quarter, compared to analyst estimates of $8.04 billion. Cheniere Energy had a negative return on equity of 249.96% and a negative net margin of 12.40%. Analysts anticipate that Cheniere Energy will post -7.54 earnings per share for the current year.

Insider Buying and Selling at Cheniere Energy

In other news, Director Vicky A. Bailey sold 2,700 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $141.50, for a total value of $382,050.00. Following the transaction, the director now directly owns 33,862 shares of the company’s stock, valued at approximately $4,791,473. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.53% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in Cheniere Energy by 8.7% in the 3rd quarter. Vanguard Group Inc. now owns 23,442,944 shares of the energy company’s stock worth $3,889,419,000 after purchasing an additional 1,869,480 shares during the last quarter. BlackRock Inc. raised its position in shares of Cheniere Energy by 15.0% during the 3rd quarter. BlackRock Inc. now owns 20,678,479 shares of the energy company’s stock valued at $3,430,767,000 after acquiring an additional 2,699,343 shares during the last quarter. State Street Corp raised its position in shares of Cheniere Energy by 13.6% during the 1st quarter. State Street Corp now owns 6,934,156 shares of the energy company’s stock valued at $961,421,000 after acquiring an additional 830,898 shares during the last quarter. Alps Advisors Inc. raised its position in shares of Cheniere Energy by 7,646.2% during the 2nd quarter. Alps Advisors Inc. now owns 5,989,787 shares of the energy company’s stock valued at $276,836,000 after acquiring an additional 5,912,462 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Cheniere Energy by 17.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,030,116 shares of the energy company’s stock valued at $536,126,000 after acquiring an additional 606,893 shares during the last quarter. 84.25% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Company Profile

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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.