Cheniere Energy (NYSE:LNG) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Cheniere Energy (NYSE:LNGFree Report) from a hold rating to a strong-buy rating in a report published on Tuesday morning,Zacks.com reports.

Several other research firms have also recently weighed in on LNG. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research report on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of Cheniere Energy from $338.00 to $325.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Barclays upped their price objective on shares of Cheniere Energy from $259.00 to $271.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Wells Fargo & Company decreased their price objective on shares of Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Finally, Jefferies Financial Group increased their price target on shares of Cheniere Energy from $275.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $293.50.

Read Our Latest Stock Report on LNG

Cheniere Energy Stock Down 2.0%

LNG stock opened at $239.45 on Tuesday. The company has a current ratio of 0.57, a quick ratio of 0.81 and a debt-to-equity ratio of 2.55. The company’s 50 day moving average is $264.29 and its 200 day moving average is $227.25. The stock has a market cap of $50.18 billion, a price-to-earnings ratio of 39.38 and a beta of 0.07. Cheniere Energy has a 1-year low of $186.20 and a 1-year high of $300.89.

Cheniere Energy (NYSE:LNGGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The energy company reported ($16.65) earnings per share for the quarter, missing the consensus estimate of $4.25 by ($20.90). The company had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.69 billion. Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $1.57 earnings per share. Sell-side analysts predict that Cheniere Energy will post 15.29 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th will be paid a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, May 11th. Cheniere Energy’s dividend payout ratio is 36.51%.

Cheniere Energy announced that its board has authorized a share repurchase plan on Thursday, February 26th that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the energy company to reacquire up to 21.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other news, CFO Zach Davis sold 29,000 shares of the stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $300.00, for a total transaction of $8,700,000.00. Following the completion of the sale, the chief financial officer owned 87,146 shares of the company’s stock, valued at approximately $26,143,800. This represents a 24.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Sean N. Markowitz sold 22,246 shares of the stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of $290.98, for a total value of $6,473,141.08. Following the sale, the executive vice president directly owned 64,000 shares of the company’s stock, valued at approximately $18,622,720. This trade represents a 25.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.55% of the company’s stock.

Institutional Trading of Cheniere Energy

A number of institutional investors have recently made changes to their positions in LNG. Viking Fund Management LLC boosted its holdings in Cheniere Energy by 66.7% in the fourth quarter. Viking Fund Management LLC now owns 45,000 shares of the energy company’s stock valued at $8,748,000 after acquiring an additional 18,000 shares in the last quarter. M&G PLC boosted its holdings in Cheniere Energy by 49.6% in the third quarter. M&G PLC now owns 556,285 shares of the energy company’s stock valued at $130,727,000 after acquiring an additional 184,520 shares in the last quarter. Trivium Point Advisory LLC boosted its holdings in Cheniere Energy by 38.8% in the fourth quarter. Trivium Point Advisory LLC now owns 56,930 shares of the energy company’s stock valued at $11,067,000 after acquiring an additional 15,927 shares in the last quarter. Waverton Investment Management Ltd boosted its holdings in Cheniere Energy by 35.3% in the third quarter. Waverton Investment Management Ltd now owns 196,819 shares of the energy company’s stock valued at $46,244,000 after acquiring an additional 51,326 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in Cheniere Energy by 12.6% in the third quarter. Allianz Asset Management GmbH now owns 1,460,762 shares of the energy company’s stock valued at $343,250,000 after acquiring an additional 163,861 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Cheniere Energy (NYSE:LNG)

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