Cheniere Energy (NYSE:LNG) PT Raised to $167.00 at Mizuho

Cheniere Energy (NYSE:LNG – Get Rating) had its price target increased by analysts at Mizuho from $159.00 to $167.00 in a report released on Friday, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the stock. Mizuho’s target price indicates a potential upside of 13.78% from the company’s current price.

Several other research firms have also weighed in on LNG. Wells Fargo & Company lowered their target price on Cheniere Energy to $179.00 and set an “overweight” rating on the stock in a report on Friday, May 20th. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Friday, July 22nd.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $146.77 on Friday. The firm has a market capitalization of $37.30 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 0.16 and a beta of 1.16. Cheniere Energy has a fifty-two week low of $82.15 and a fifty-two week high of $150.61. The firm has a fifty day moving average price of $134.63.

Cheniere Energy (NYSE:LNG – Get Rating) last posted its earnings results on Wednesday, May 4th. The company reported $7.35 earnings per share for the quarter, beating the consensus estimate of $3.34 by $4.01. The company had revenue of $7.48 billion for the quarter, compared to analyst estimates of $6.32 billion. Cheniere Energy had a negative return on equity of 9,682.86% and a negative net margin of 10.02%. On average, equities research analysts anticipate that Cheniere Energy will post 16.14 earnings per share for the current fiscal year.

About Cheniere Energy

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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 pipeline interconnecting the Sabine Pass LNG terminal with various interstate 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.