Cheniere Energy (NYSE:LNG) Given New $206.00 Price Target at UBS Group

Cheniere Energy (NYSE:LNG) had its target price lowered by UBS Group from $223.00 to $206.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the energy company’s stock. UBS Group’s price objective would suggest a potential upside of 31.39% from the company’s previous close.

Several other analysts have also recently commented on the stock. StockNews.com cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. TD Cowen lowered their price objective on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research report on Tuesday, February 27th. Redburn Atlantic began coverage on Cheniere Energy in a research report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price target for the company. Finally, Barclays boosted their price target on Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $193.90.

Cheniere Energy Trading Down 1.3 %

NYSE LNG traded down $2.11 on Wednesday, reaching $156.79. The company’s stock had a trading volume of 1,071,596 shares, compared to its average volume of 1,883,600. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63. The company’s 50-day moving average price is $157.98. The stock has a market capitalization of $36.17 billion, a price-to-earnings ratio of 3.87 and a beta of 0.94. Cheniere Energy has a 52 week low of $135.30 and a 52 week high of $183.46.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $3.06. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The firm had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same period in the prior year, the business posted $15.78 earnings per share. The business’s revenue was down 46.9% compared to the same quarter last year. Analysts anticipate that Cheniere Energy will post 8.39 earnings per share for the current fiscal year.

Institutional Trading of Cheniere Energy

A number of hedge funds have recently bought and sold shares of LNG. Norges Bank bought a new position in Cheniere Energy in the 4th quarter worth approximately $308,910,000. Canada Pension Plan Investment Board increased its position in shares of Cheniere Energy by 73.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,496,100 shares of the energy company’s stock valued at $248,293,000 after purchasing an additional 631,100 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Cheniere Energy by 702.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 490,606 shares of the energy company’s stock valued at $81,421,000 after purchasing an additional 429,438 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Cheniere Energy by 35.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,399,852 shares of the energy company’s stock valued at $232,319,000 after purchasing an additional 367,275 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its position in Cheniere Energy by 126.8% in the 3rd quarter. Lord Abbett & CO. LLC now owns 645,523 shares of the energy company’s stock worth $107,131,000 after purchasing an additional 360,915 shares during the period. 87.26% of the stock is currently owned by institutional investors.

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.