Redburn Atlantic Initiates Coverage on Cheniere Energy (NYSE:LNG)

Research analysts at Redburn Atlantic assumed coverage on shares of Cheniere Energy (NYSE:LNG) in a note issued to investors on Tuesday, Marketbeat.com reports. The firm set a “neutral” rating and a $162.00 price target on the energy company’s stock. Redburn Atlantic’s target price indicates a potential upside of 3.31% from the stock’s current price.

LNG has been the topic of a number of other reports. TD Cowen dropped their price target on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 27th. StockNews.com downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Finally, Barclays raised their price target on Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.30.

Cheniere Energy Trading Up 1.6 %

Shares of LNG opened at $156.81 on Tuesday. The company’s fifty day simple moving average is $158.25. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59. Cheniere Energy has a 12 month low of $135.30 and a 12 month high of $183.46. The stock has a market cap of $36.80 billion, a P/E ratio of 3.87 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $3.06. The firm had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.37 billion. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The company’s revenue for the quarter was down 46.9% on a year-over-year basis. During the same period last year, the business posted $15.78 EPS. As a group, research analysts forecast that Cheniere Energy will post 8.39 EPS for the current year.

Hedge Funds Weigh In On Cheniere Energy

Institutional investors have recently bought and sold shares of the stock. HHM Wealth Advisors LLC bought a new position in Cheniere Energy in the 3rd quarter worth $25,000. Cooksen Wealth LLC bought a new stake in Cheniere Energy during the fourth quarter valued at about $28,000. Strategic Investment Solutions Inc. IL bought a new stake in Cheniere Energy during the first quarter valued at about $27,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Cheniere Energy by 203.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock valued at $29,000 after acquiring an additional 118 shares during the period. Finally, Riverview Trust Co bought a new stake in Cheniere Energy during the first quarter valued at about $29,000. 87.26% of the stock is owned by institutional investors.

About Cheniere Energy

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.