Cheniere Energy (NYSE:LNG – Get Free Report)‘s stock had its “outperform” rating restated by Sanford C. Bernstein in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $283.00 target price on the energy company’s stock. Sanford C. Bernstein‘s price target would suggest a potential downside of 5.29% from the company’s previous close.
A number of other research firms also recently commented on LNG. Zacks Research downgraded Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Scotiabank set a $311.00 price objective on Cheniere Energy in a report on Thursday, October 15th. Argus set a $330.00 target price on shares of Cheniere Energy in a research note on Tuesday, August 18th. JPMorgan Chase & Co. increased their price objective on shares of Cheniere Energy from $327.00 to $334.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Finally, Weiss Ratings upgraded shares of Cheniere Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $310.65.
Get Our Latest Research Report on Cheniere Energy
Cheniere Energy Price Performance
Shares of Cheniere Energy stock traded up $11.79 during trading hours on Friday, reaching $298.80. The stock had a trading volume of 1,642,663 shares, compared to its average volume of 2,295,336. The company has a current ratio of 0.87, a quick ratio of 0.72 and a debt-to-equity ratio of 1.97. Cheniere Energy has a twelve month low of $186.20 and a twelve month high of $300.89. The stock’s 50 day moving average is $278.33 and its 200 day moving average is $260.79. The firm has a market capitalization of $61.71 billion, a PE ratio of 22.21, a PEG ratio of 1.13 and a beta of 0.06.
Cheniere Energy (NYSE:LNG – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the business posted $7.30 earnings per share. Equities analysts expect that Cheniere Energy will post 16.75 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Cheniere Energy
Several institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in Cheniere Energy by 174.3% in the 1st quarter. Bank of New York Mellon Corp now owns 2,244,268 shares of the energy company’s stock valued at $636,834,000 after buying an additional 1,426,058 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Cheniere Energy by 210.1% in the 2nd quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock worth $584,237,000 after buying an additional 1,656,194 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Cheniere Energy by 12.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,135,088 shares of the energy company’s stock valued at $510,307,000 after buying an additional 239,680 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Cheniere Energy by 50.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 867,496 shares of the energy company’s stock worth $246,161,000 after acquiring an additional 289,963 shares during the period. Finally, Chickasaw Capital Management LLC raised its holdings in shares of Cheniere Energy by 4.4% in the 3rd quarter. Chickasaw Capital Management LLC now owns 893,452 shares of the energy company’s stock worth $240,365,000 after purchasing an additional 37,325 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.
Cheniere Energy News Roundup
Here are the key news stories impacting Cheniere Energy this week:
- Positive Sentiment: Cheniere signed agreements to supply QatarEnergy with 4 million metric tonnes per annum of LNG through 2054—2 mtpa from each of its Sabine Pass and Corpus Christi facilities. The contracts expand Cheniere’s backlog, provide long-term revenue visibility and support the planned Sabine Pass expansion. Cheniere Energy Boosts LNG Contract Backlog With QatarEnergy
- Positive Sentiment: The deal is particularly significant because QatarEnergy is seeking additional U.S. LNG supply after disruptions related to the Iran war and Hormuz-related risks. This highlights Cheniere’s strategic value as a reliable non-Middle Eastern supplier. QatarEnergy Turns to Cheniere for U.S. LNG
- Positive Sentiment: JPMorgan raised its Cheniere price target from $334 to $344 and maintained an “overweight” rating, signaling increased confidence in the company’s growth and contracted cash flows. JPMorgan Cheniere rating
- Positive Sentiment: Pre-earnings coverage suggests Cheniere may beat estimates, adding a near-term catalyst alongside the new contract announcements. Cheniere Energy earnings expectations
- Neutral Sentiment: Cheniere Energy Partners declared a quarterly cash distribution of $0.890 per common unit. The payment benefits partnership investors but is not itself a direct distribution from Cheniere Energy, Inc. Cheniere Energy Partners distribution
- Negative Sentiment: Sanford C. Bernstein reaffirmed its “outperform” rating but set a $283 price target, below the stock’s recent trading level, indicating some valuation concern despite the favorable LNG developments. Bernstein Cheniere rating
About Cheniere Energy
Cheniere Energy, Inc is an energy infrastructure company engaged primarily in the production and export of liquefied natural gas (LNG). The company purchases natural gas, processes it through liquefaction facilities, and delivers LNG to customers in international energy markets. Its operations also include natural gas procurement, transportation, storage, and LNG marketing.
Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility near Corpus Christi, Texas.
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