The Goldman Sachs Group Forecasts Strong Price Appreciation for Cheniere Energy (NYSE:LNG) Stock

Cheniere Energy (NYSE:LNG) had its target price boosted by analysts at The Goldman Sachs Group from $234.00 to $261.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the energy company’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 27.67% from the company’s current price.

Several other research analysts have also recently commented on LNG. Stifel Nicolaus boosted their target price on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Royal Bank of Canada raised their price objective 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. TD Cowen boosted their target price on Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. UBS Group upped their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Barclays boosted their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $225.00.

Cheniere Energy Trading Down 1.1 %

Cheniere Energy stock traded down $2.21 during trading on Thursday, hitting $204.44. The company had a trading volume of 321,800 shares, compared to its average volume of 1,754,254. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The company’s 50 day simple moving average is $204.45 and its 200-day simple moving average is $186.38. Cheniere Energy has a 1-year low of $152.31 and a 1-year high of $228.10. The stock has a market cap of $45.87 billion, a price-to-earnings ratio of 13.05 and a beta of 0.97.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the prior year, the company earned $2.37 earnings per share. The business’s quarterly revenue was down 9.5% on a year-over-year basis. As a group, analysts expect that Cheniere Energy will post 11.25 EPS for the current fiscal year.

Institutional Trading of Cheniere Energy

A number of institutional investors have recently modified their holdings of LNG. Octavia Wealth Advisors LLC grew its stake in shares of Cheniere Energy by 3.7% during the 3rd quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock worth $269,000 after purchasing an additional 54 shares during the period. MAI Capital Management lifted its holdings in shares of Cheniere Energy by 1.5% in the third quarter. MAI Capital Management now owns 4,204 shares of the energy company’s stock valued at $756,000 after purchasing an additional 62 shares in the last quarter. Sapient Capital LLC grew its position in shares of Cheniere Energy by 0.9% in the third quarter. Sapient Capital LLC now owns 7,514 shares of the energy company’s stock valued at $1,351,000 after purchasing an additional 67 shares during the last quarter. Capital Advisors Ltd. LLC increased its position in Cheniere Energy by 57.6% during the second quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock worth $33,000 after buying an additional 68 shares in the last quarter. Finally, Quarry LP lifted its position in shares of Cheniere Energy by 7.6% in the third quarter. Quarry LP now owns 1,057 shares of the energy company’s stock valued at $190,000 after acquiring an additional 75 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

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.