Raymond James Lowers Cheniere Energy (NYSEAMERICAN:LNG) Price Target to $205.00

Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) had its price objective cut by Raymond James from $210.00 to $205.00 in a report released on Monday, Benzinga reports. They currently have a strong-buy rating on the energy company’s stock.

Other equities analysts have also issued research reports about the stock. Mizuho lifted their price target on shares of Cheniere Energy from $174.00 to $208.00 and gave the stock a buy rating in a report on Friday, November 4th. Cowen reduced their price target on Cheniere Energy from $195.00 to $185.00 and set an outperform rating on the stock in a research report on Friday. Citigroup decreased their price target on Cheniere Energy from $205.00 to $190.00 and set a buy rating for the company in a research note on Monday, January 9th. Barclays cut their price objective on Cheniere Energy from $200.00 to $192.00 and set an overweight rating on the stock in a research note on Friday, January 13th. Finally, The Goldman Sachs Group reissued a buy rating and set a $220.00 target price on shares of Cheniere Energy in a research report on Tuesday, November 22nd. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Buy and an average target price of $194.15.

Cheniere Energy Trading Up 2.1 %

Shares of LNG stock opened at $154.91 on Monday. The stock has a market cap of $38.52 billion, a PE ratio of -10.14 and a beta of 1.00. Cheniere Energy has a 12 month low of $100.13 and a 12 month high of $182.35.

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

Insiders Place Their Bets

In other Cheniere Energy news, Director Vicky A. Bailey sold 2,700 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $141.50, for a total value of $382,050.00. Following the completion of the sale, the director now directly owns 33,862 shares in the company, valued at $4,791,473. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.

Hedge Funds Weigh In On Cheniere Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bornite Capital Management LP bought a new position in shares of Cheniere Energy in the 1st quarter worth $13,865,000. MetLife Investment Management LLC bought a new position in shares of Cheniere Energy in the first quarter valued at $2,102,000. Yousif Capital Management LLC grew its holdings in shares of Cheniere Energy by 7.3% during the first quarter. Yousif Capital Management LLC now owns 5,069 shares of the energy company’s stock valued at $703,000 after buying an additional 345 shares during the last quarter. Raymond James Trust N.A. increased its position in shares of Cheniere Energy by 95.0% during the first quarter. Raymond James Trust N.A. now owns 4,244 shares of the energy company’s stock worth $589,000 after acquiring an additional 2,068 shares in the last quarter. Finally, Cibc World Market Inc. raised its holdings in shares of Cheniere Energy by 22.8% in the 1st quarter. Cibc World Market Inc. now owns 4,287 shares of the energy company’s stock worth $594,000 after acquiring an additional 797 shares during the last quarter. Institutional investors own 84.25% of the company’s stock.

Cheniere Energy Company Profile

(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.