Cheniere Energy (NYSEAMERICAN:LNG) PT Raised to $87.00

Cheniere Energy (NYSEAMERICAN:LNG) had its price objective raised by investment analysts at Raymond James from $83.00 to $87.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “strong-buy” rating on the energy company’s stock. Raymond James’ price target indicates a potential upside of 19.64% from the stock’s current price.

A number of other equities analysts have also weighed in on the stock. Wells Fargo & Company upped their price target on shares of Cheniere Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, January 28th. Morgan Stanley reiterated an “overweight” rating and issued a $80.00 price target on shares of Cheniere Energy in a research report on Monday, January 25th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Cheniere Energy currently has a consensus rating of “Buy” and an average price target of $70.00.

LNG opened at $72.72 on Wednesday. The firm has a market cap of $18.44 billion, a P/E ratio of 19.60, a PEG ratio of 0.73 and a beta of 1.58. Cheniere Energy has a 1-year low of $39.51 and a 1-year high of $77.11. The company has a 50 day simple moving average of $59.20 and a two-hundred day simple moving average of $53.60. The company has a debt-to-equity ratio of 13.21, a current ratio of 1.89 and a quick ratio of 1.75.

Cheniere Energy (NYSEAMERICAN:LNG) last posted its quarterly earnings results on Tuesday, February 23rd. The energy company reported ($0.71) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($1.42). The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.66 billion. Cheniere Energy had a return on equity of 19.31% and a net margin of 10.94%. During the same quarter in the previous year, the company earned $3.34 earnings per share. Equities analysts anticipate that Cheniere Energy will post 2.41 earnings per share for the current year.

In related news, Director David B. Kilpatrick sold 4,397 shares of the company’s stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $75.50, for a total transaction of $331,973.50. Following the completion of the transaction, the director now owns 9,938 shares in the company, valued at $750,319. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.76% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in LNG. Huntington National Bank bought a new position in Cheniere Energy during the first quarter valued at $30,000. Cumberland Partners Ltd bought a new position in Cheniere Energy during the fourth quarter valued at $32,000. Fieldpoint Private Securities LLC bought a new position in Cheniere Energy during the fourth quarter valued at $45,000. Arlington Partners LLC bought a new position in Cheniere Energy during the first quarter valued at $45,000. Finally, Tompkins Financial Corp lifted its position in Cheniere Energy by 735.0% during the fourth quarter. Tompkins Financial Corp now owns 1,670 shares of the energy company’s stock valued at $56,000 after purchasing an additional 1,470 shares during the last quarter. Institutional investors and hedge funds own 86.32% of the company’s stock.

Cheniere Energy Company Profile

Cheniere Energy, Inc, an energy infrastructure company, 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 23-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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