Cheniere Energy (NYSE:LNG) Price Target Cut to $271.00 by Analysts at Royal Bank Of Canada

Cheniere Energy (NYSE:LNG) had its price target decreased by research analysts at Royal Bank Of Canada from $282.00 to $271.00 in a report issued on Wednesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the energy company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 27.73% from the stock’s previous close.

LNG has been the subject of several other reports. BMO Capital Markets restated an “outperform” rating and set a $254.00 price target on shares of Cheniere Energy in a report on Wednesday, December 17th. Wells Fargo & Company dropped their price objective on Cheniere Energy from $284.00 to $280.00 and set an “overweight” rating on the stock in a research note on Monday, January 12th. Scotiabank reissued an “outperform” rating and set a $266.00 price objective on shares of Cheniere Energy in a research report on Friday, January 16th. Zacks Research lowered Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $278.00 target price (up from $275.00) on shares of Cheniere Energy in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $263.72.

Cheniere Energy Stock Down 0.4%

Shares of Cheniere Energy stock traded down $0.82 on Wednesday, hitting $212.17. 89,084 shares of the company’s stock traded hands, compared to its average volume of 1,869,663. The firm’s 50-day moving average is $199.19 and its 200 day moving average is $218.44. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.94. Cheniere Energy has a 52-week low of $186.20 and a 52-week high of $246.42. The stock has a market cap of $45.67 billion, a P/E ratio of 11.85, a PEG ratio of 6.69 and a beta of 0.26.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Wednesday, October 29th. The energy company reported $4.75 EPS for the quarter, topping the consensus estimate of $2.75 by $2.00. The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.87 billion. Cheniere Energy had a net margin of 21.12% and a return on equity of 37.52%. The company’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.93 earnings per share. Equities analysts anticipate that Cheniere Energy will post 11.69 earnings per share for the current year.

Insider Transactions at Cheniere Energy

In other news, Director W Benjamin Moreland bought 5,000 shares of the stock in a transaction on Tuesday, November 4th. The stock was purchased at an average price of $208.22 per share, with a total value of $1,041,100.00. Following the completion of the purchase, the director owned 9,856 shares of the company’s stock, valued at approximately $2,052,216.32. This trade represents a 102.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.26% of the company’s stock.

Hedge Funds Weigh In On Cheniere Energy

Several large investors have recently modified their holdings of LNG. Altman Advisors Inc. lifted its stake in shares of Cheniere Energy by 0.4% in the 2nd quarter. Altman Advisors Inc. now owns 10,206 shares of the energy company’s stock valued at $2,409,000 after acquiring an additional 44 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in Cheniere Energy by 1.5% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,268 shares of the energy company’s stock worth $768,000 after buying an additional 47 shares during the period. Childress Capital Advisors LLC grew its holdings in Cheniere Energy by 0.9% during the 3rd quarter. Childress Capital Advisors LLC now owns 5,385 shares of the energy company’s stock worth $1,265,000 after acquiring an additional 47 shares during the last quarter. Ameriflex Group Inc. increased its position in Cheniere Energy by 7.3% in the 3rd quarter. Ameriflex Group Inc. now owns 688 shares of the energy company’s stock valued at $162,000 after acquiring an additional 47 shares during the period. Finally, Howard Capital Management Inc. raised its stake in shares of Cheniere Energy by 3.3% during the third quarter. Howard Capital Management Inc. now owns 1,488 shares of the energy company’s stock valued at $350,000 after acquiring an additional 48 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

About Cheniere Energy

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.