StockNews.com Downgrades Cheniere Energy (NYSE:LNG) to Hold

Cheniere Energy (NYSE:LNG) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

LNG has been the subject of several other reports. JPMorgan Chase & Co. increased their target price on Cheniere Energy from $252.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, April 28th. TD Cowen increased their price objective on shares of Cheniere Energy from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Friday. Stifel Nicolaus cut their target price on shares of Cheniere Energy from $255.00 to $247.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Bank of America lifted their price target on Cheniere Energy from $254.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Finally, Scotiabank cut their price objective on Cheniere Energy from $243.00 to $242.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, April 29th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $252.23.

Cheniere Energy Trading Down 1.6 %

NYSE LNG opened at $233.48 on Friday. The company’s fifty day simple moving average is $224.83 and its 200-day simple moving average is $220.04. The stock has a market cap of $52.02 billion, a P/E ratio of 16.41 and a beta of 0.41. Cheniere Energy has a 52 week low of $153.03 and a 52 week high of $257.65. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $2.81 by ($1.24). Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The firm had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $4.73 billion. During the same period in the previous year, the company earned $2.13 earnings per share. The business’s quarterly revenue was up 28.0% on a year-over-year basis. Equities research analysts predict that Cheniere Energy will post 11.69 EPS for the current fiscal year.

Insider Transactions at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the transaction, the director now directly owns 33,934 shares of the company’s stock, valued at $7,448,852.34. The trade was a 20.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On Cheniere Energy

Several large investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its position in Cheniere Energy by 10.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock valued at $99,000 after acquiring an additional 43 shares during the period. Altman Advisors Inc. grew its stake in shares of Cheniere Energy by 0.4% in the first quarter. Altman Advisors Inc. now owns 10,162 shares of the energy company’s stock worth $2,348,000 after purchasing an additional 43 shares in the last quarter. Flagship Harbor Advisors LLC increased its holdings in shares of Cheniere Energy by 2.0% during the fourth quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock valued at $503,000 after purchasing an additional 46 shares during the period. Greenleaf Trust raised its stake in shares of Cheniere Energy by 1.1% during the first quarter. Greenleaf Trust now owns 4,212 shares of the energy company’s stock valued at $975,000 after purchasing an additional 46 shares in the last quarter. Finally, Hemington Wealth Management lifted its holdings in Cheniere Energy by 14.0% in the first quarter. Hemington Wealth Management now owns 390 shares of the energy company’s stock worth $90,000 after purchasing an additional 48 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

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.