Cheniere Energy (NYSE:LNG) Price Target Cut to $206.00

Cheniere Energy (NYSE:LNG) had its price objective cut by equities research analysts at UBS Group from $223.00 to $206.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the energy company’s stock. UBS Group’s price target would indicate a potential upside of 29.13% from the company’s current price.

Several other equities research analysts have also weighed in on LNG. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. TD Cowen cut their target price on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. Redburn Atlantic assumed coverage on Cheniere Energy in a research report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 target price on the stock. Finally, Barclays raised their target price on Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and an average target price of $193.90.

Cheniere Energy Stock Performance

Shares of LNG opened at $159.53 on Wednesday. The firm has a 50-day moving average of $157.98. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59. The stock has a market cap of $36.80 billion, a PE ratio of 3.94 and a beta of 0.94. Cheniere Energy has a 1 year low of $135.30 and a 1 year high of $183.46.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $3.06. The business had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.37 billion. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The business’s quarterly revenue was down 46.9% compared to the same quarter last year. During the same quarter last year, the business posted $15.78 EPS. Analysts predict that Cheniere Energy will post 8.39 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LNG. HHM Wealth Advisors LLC acquired a new position in shares of Cheniere Energy in the third quarter valued at approximately $25,000. Cooksen Wealth LLC acquired a new position in shares of Cheniere Energy in the fourth quarter valued at approximately $28,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Cheniere Energy by 203.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock valued at $29,000 after purchasing an additional 118 shares during the period. Riverview Trust Co acquired a new position in shares of Cheniere Energy in the first quarter valued at approximately $29,000. Finally, OFI Invest Asset Management acquired a new position in shares of Cheniere Energy in the third quarter valued at approximately $40,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Company Profile

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.