Cheniere Energy (NYSE:LNG – Get Free Report)‘s stock had its “outperform” rating reaffirmed by stock analysts at Sanford C. Bernstein in a report issued on Friday, Benzinga reports. They presently have a $283.00 target price on the energy company’s stock. Sanford C. Bernstein‘s price target suggests a potential downside of 4.78% from the stock’s current price.
Other research analysts also recently issued reports about the stock. Weiss Ratings upgraded shares of Cheniere Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Wall Street Zen upgraded shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Morgan Stanley reaffirmed an “overweight” rating and issued a $310.00 price objective on shares of Cheniere Energy in a research note on Friday, August 7th. Barclays lifted their price objective on shares of Cheniere Energy from $279.00 to $287.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Cheniere Energy from $327.00 to $334.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average price target of $310.65.
View Our Latest Stock Report on Cheniere Energy
Cheniere Energy Price Performance
NYSE:LNG traded up $10.20 during mid-day trading on Friday, reaching $297.21. 967,473 shares of the stock were exchanged, compared to its average volume of 2,292,029. 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 1-year low of $186.20 and a 1-year high of $300.89. The firm has a market capitalization of $61.38 billion, a PE ratio of 22.14, a PEG ratio of 1.13 and a beta of 0.06. The business has a fifty day moving average price of $278.33 and a 200 day moving average price of $260.79.
Cheniere Energy (NYSE:LNG – Get Free Report) last released 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). Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $4.92 billion. During the same quarter last year, the business earned $7.30 EPS. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. Research analysts expect that Cheniere Energy will post 16.75 earnings per share for the current fiscal year.
Institutional Trading of Cheniere Energy
Institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP grew its position in Cheniere Energy by 210.1% during the second quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock valued at $584,237,000 after purchasing an additional 1,656,194 shares in the last quarter. Bank of New York Mellon Corp grew its position in Cheniere Energy by 174.3% during the first 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 purchasing an additional 1,426,058 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Cheniere Energy by 12.6% during 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 purchasing an additional 239,680 shares in the last quarter. Chickasaw Capital Management LLC grew its position in Cheniere Energy by 4.4% during the third quarter. Chickasaw Capital Management LLC now owns 893,452 shares of the energy company’s stock valued at $240,365,000 after purchasing an additional 37,325 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position 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 valued at $246,161,000 after purchasing an additional 289,963 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.
Cheniere Energy News Roundup
Here are the key news stories impacting Cheniere Energy this week:
- Positive Sentiment: Long-term QatarEnergy agreements strengthen revenue visibility. Cheniere signed agreements to supply QatarEnergy with 4 million metric tons per year of LNG through 2054—2 million tons annually from each of its Sabine Pass and Corpus Christi facilities. QatarEnergy’s effort to secure U.S. LNG as Middle East supply routes face disruption highlights the strategic value of Cheniere’s export capacity and could support long-term utilization and cash flow. Cheniere signs LNG supply deals with QatarEnergy through 2054
- Positive Sentiment: Expansion plans add to the growth outlook. Coverage points to an expansion of the existing Sabine Pass liquefaction project, while additional reporting highlights rising export capacity. Greater capacity could provide Cheniere with more volumes to sell under long-term contracts, although execution and construction costs remain important considerations. Cheniere develops expansion of existing Sabine Pass project
- Positive Sentiment: Analysts see potential for an earnings beat. Zacks-related reports say Cheniere has factors supporting a likely beat in its upcoming earnings release, and the firm was upgraded to Zacks Rank No. 2, or “Buy.” This adds near-term momentum to the stock, though the reports reflect estimates rather than reported results. Cheniere Energy expected to beat earnings estimates
- Neutral Sentiment: Valuation and technical momentum are attracting attention. Momentum coverage notes that LNG is trading above its 50-day and 200-day moving averages and close to its 52-week high. The strength may reinforce investor interest, but it also raises the risk of profit-taking if earnings or guidance disappoint.
- Negative Sentiment: Bernstein reaffirmed “Outperform” but set a target below the current price. Sanford C. Bernstein maintained its positive rating while assigning a $283 price target, implying approximately 4.6% downside from the cited current price. The target may limit additional near-term upside despite the favorable rating. Sanford C. Bernstein stock recommendations
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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