Cheniere Energy, Inc. (NYSE:LNG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Cheniere Energy, Inc. (NYSE:LNG) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $198.00.

A number of equities analysts have issued reports on the company. Stifel Nicolaus increased their price target on Cheniere Energy from $204.00 to $208.00 and gave the company a “buy” rating in a research note on Monday, May 6th. StockNews.com downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. UBS Group cut their price objective on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. TD Cowen cut their price objective on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. increased their price objective on Cheniere Energy from $213.00 to $214.00 and gave the company an “overweight” rating in a research report on Friday, May 17th.

Cheniere Energy Price Performance

Shares of LNG stock opened at $157.16 on Friday. Cheniere Energy has a 12-month low of $135.30 and a 12-month high of $183.46. The company has a market cap of $35.98 billion, a price-to-earnings ratio of 7.66 and a beta of 0.95. The business has a 50 day simple moving average of $158.57. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.98 and a quick ratio of 0.92.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $3.97 billion. Cheniere Energy had a net margin of 28.55% and a return on equity of 48.19%. The business’s revenue for the quarter was down 41.8% compared to the same quarter last year. During the same period in the previous year, the business posted $6.89 earnings per share. On average, equities analysts anticipate that Cheniere Energy will post 8.44 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 10th were given a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 1.11%. The ex-dividend date was Thursday, May 9th. Cheniere Energy’s payout ratio is 8.48%.

Hedge Funds Weigh In On Cheniere Energy

Hedge funds have recently bought and sold shares of the business. HHM Wealth Advisors LLC acquired a new position in Cheniere Energy during the third quarter worth $25,000. Crewe Advisors LLC acquired a new position in Cheniere Energy during the first quarter worth $26,000. Cooksen Wealth LLC acquired a new position in Cheniere Energy during the fourth quarter worth $28,000. Riverview Trust Co acquired a new position in Cheniere Energy during the first quarter worth $29,000. Finally, OFI Invest Asset Management acquired a new position in Cheniere Energy during the third quarter worth $40,000. 87.26% of the stock is owned by institutional investors and hedge funds.

About Cheniere Energy

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.