TD Cowen Forecasts Strong Price Appreciation for Cheniere Energy (NYSE:LNG) Stock

Cheniere Energy (NYSE:LNG) had its price objective raised by equities researchers at TD Cowen from $192.00 to $202.00 in a research note issued on Tuesday, MarketBeat reports. The firm currently has a “buy” rating on the energy company’s stock. TD Cowen’s price objective would suggest a potential upside of 2.20% from the company’s previous close.

LNG has been the subject of several other reports. Stifel Nicolaus reduced their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Bank of America began coverage on Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective on the stock. Barclays raised their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada boosted their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $201.89.

Cheniere Energy Price Performance

LNG opened at $197.66 on Tuesday. Cheniere Energy has a fifty-two week low of $152.31 and a fifty-two week high of $200.32. The firm has a market cap of $44.72 billion, a price-to-earnings ratio of 12.62 and a beta of 0.94. The company’s 50-day moving average price is $183.85 and its 200 day moving average price is $174.06. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a return on equity of 42.29% and a net margin of 22.70%. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the firm posted $2.37 EPS. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. As a group, sell-side analysts expect that Cheniere Energy will post 10.11 earnings per share for the current year.

Hedge Funds Weigh In On Cheniere Energy

A number of hedge funds have recently modified their holdings of LNG. MCF Advisors LLC purchased a new position in Cheniere Energy in the second quarter valued at about $26,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cheniere Energy during the 3rd quarter valued at about $27,000. Lynx Investment Advisory bought a new stake in shares of Cheniere Energy in the 2nd quarter valued at approximately $27,000. Carolinas Wealth Consulting LLC increased its holdings in Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after buying an additional 150 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Cheniere Energy during the third quarter valued at approximately $28,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Company Profile

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.