Brokerages Set Cheniere Energy, Inc. (NYSE:LNG) Price Target at $198.00

Cheniere Energy, Inc. (NYSE:LNG) has earned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $198.64.

A number of analysts recently weighed in on LNG shares. TD Cowen lifted their price target on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Monday. StockNews.com cut Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. JPMorgan Chase & Co. lifted their price objective on Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. UBS Group reduced their price objective on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Finally, Redburn Atlantic initiated coverage on Cheniere Energy in a report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price objective for the company.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $155.09 on Tuesday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.92 and a current ratio of 0.98. Cheniere Energy has a 1-year low of $146.41 and a 1-year high of $183.46. The stock has a market capitalization of $35.50 billion, a P/E ratio of 7.55 and a beta of 0.96. The company has a 50 day simple moving average of $157.97.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Cheniere Energy had a net margin of 28.55% and a return on equity of 48.19%. The business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter last year, the firm earned $6.89 earnings per share. The firm’s quarterly revenue was down 41.8% compared to the same quarter last year. On average, equities research analysts anticipate that Cheniere Energy will post 8.42 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 9th will be issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.12%. Cheniere Energy’s dividend payout ratio (DPR) is 8.48%.

Hedge Funds Weigh In On Cheniere Energy

Institutional investors have recently made changes to their positions in the stock. Crewe Advisors LLC acquired a new position in Cheniere Energy in the first quarter valued at $26,000. Cooksen Wealth LLC acquired a new position in Cheniere Energy in the fourth quarter valued at $28,000. Riverview Trust Co acquired a new position in Cheniere Energy in the first quarter valued at $29,000. Scarborough Advisors LLC acquired a new position in Cheniere Energy in the fourth quarter valued at $45,000. Finally, Eagle Bay Advisors LLC acquired a new position in Cheniere Energy in the first quarter valued at $50,000. 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.