Cheniere Energy, Inc. (NYSE:LNG – Get Free Report) has been given an average recommendation of “Buy” by the twenty analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $306.41.
Several research firms have recently issued reports on LNG. Zacks Research lowered Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Morgan Stanley reissued an “overweight” rating and set a $310.00 price objective on shares of Cheniere Energy in a research report on Friday, August 7th. Weiss Ratings raised shares of Cheniere Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. JPMorgan Chase & Co. raised their price objective 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. Finally, Royal Bank Of Canada lifted their target price on shares of Cheniere Energy from $300.00 to $319.00 and gave the stock an “outperform” rating in a report on Monday, August 24th.
Get Our Latest Research Report on LNG
Cheniere Energy Stock Down 0.4%
Shares of NYSE:LNG opened at $278.61 on Friday. The stock has a fifty day simple moving average of $276.17 and a two-hundred day simple moving average of $260.68. The stock has a market capitalization of $57.54 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 1.11 and a beta of 0.06. Cheniere Energy has a 12-month low of $186.20 and a 12-month high of $300.89. 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 (NYSE:LNG – Get Free Report) last released its earnings results on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing the consensus estimate of $3.11 by ($0.09). Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $4.92 billion. During the same period last year, the firm posted $7.30 earnings per share. The company’s revenue was up 23.5% compared to the same quarter last year. On average, research analysts anticipate that Cheniere Energy will post 16.76 earnings per share for the current fiscal year.
Cheniere Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were issued a dividend of $0.5550 per share. The ex-dividend date was Monday, August 10th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. Cheniere Energy’s dividend payout ratio is presently 16.53%.
Hedge Funds Weigh In On Cheniere Energy
A number of hedge funds have recently added to or reduced their stakes in LNG. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Cheniere Energy in the 2nd quarter worth about $7,122,000. Saudi Central Bank raised its position in Cheniere Energy by 80.5% in the 2nd quarter. Saudi Central Bank now owns 14,342 shares of the energy company’s stock worth $3,428,000 after buying an additional 6,397 shares during the last quarter. Anchor Capital Advisors LLC bought a new position in Cheniere Energy during the 2nd quarter valued at about $32,472,000. Groupe la Francaise bought a new position in Cheniere Energy during the 2nd quarter valued at about $4,500,000. Finally, Nykredit A S bought a new position in Cheniere Energy during the 2nd quarter valued at about $29,941,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.
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.
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