Cheniere Energy, Inc. (NYSE:LNG) Stock Now Rated “Buy” by Wall Street Analysts

Cheniere Energy, Inc. (NYSE:LNG) has received a consensus rating of “Buy” from the twenty research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $306.47.

A number of equities research analysts have recently commented on LNG shares. Argus set a $330.00 target price on Cheniere Energy in a research report on Tuesday, August 18th. Royal Bank Of Canada increased their target price on Cheniere Energy from $300.00 to $319.00 and gave the company an “outperform” rating in a research report on Monday, August 24th. TD Cowen lifted their target price on shares of Cheniere Energy from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $336.00 price target on shares of Cheniere Energy in a research note on Saturday. Finally, Zacks Research lowered Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th.

Hedge Funds Weigh In On Cheniere Energy

Several institutional investors have recently modified their holdings of LNG. Financial Life Planners bought a new stake in shares of Cheniere Energy in the first quarter worth $26,000. Community Financial Services Group LLC acquired a new stake in Cheniere Energy in the 2nd quarter valued at about $29,000. Eastern Bank grew its holdings in Cheniere Energy by 130.0% during the third quarter. Eastern Bank now owns 115 shares of the energy company’s stock worth $31,000 after purchasing an additional 65 shares during the period. Transamerica Financial Advisors LLC raised its stake in Cheniere Energy by 91.3% in the second quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company’s stock valued at $32,000 after buying an additional 63 shares during the period. Finally, Sankala Group LLC bought a new position in shares of Cheniere Energy during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Trading Up 1.6%

Shares of NYSE LNG opened at $286.95 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.87 and a debt-to-equity ratio of 1.97. The business has a fifty day simple moving average of $275.39 and a two-hundred day simple moving average of $260.90. The firm has a market cap of $59.26 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 1.12 and a beta of 0.06. Cheniere Energy has a twelve month low of $186.20 and a twelve month high of $300.89.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). The firm had revenue of $5.73 billion for the quarter, compared to analyst estimates of $4.92 billion. Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%. The business’s revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.30 EPS. Analysts expect that Cheniere Energy will post 16.76 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Monday, August 10th were given a $0.5550 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $2.22 dividend on an annualized basis and a yield of 0.8%. Cheniere Energy’s dividend payout ratio is presently 16.53%.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction and export of liquefied natural gas (LNG). Through its subsidiaries, the company purchases natural gas, processes it into LNG and sells it to customers under long-term agreements and in the global LNG market. Its operations also include LNG-related infrastructure, marketing and transportation activities.

Cheniere’s principal assets include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas.