Cheniere Energy (NYSE:LNG) Downgraded by Zacks Research to “Hold”

Cheniere Energy (NYSE:LNG) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

LNG has been the subject of several other research reports. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price target for the company. Wall Street Zen upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. TD Cowen lifted their price objective on Cheniere Energy from $280.00 to $290.00 and gave the stock a “buy” rating in a report on Tuesday. Barclays lifted their target price on shares of Cheniere Energy from $274.00 to $279.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Finally, Wolfe Research reissued an “outperform” rating and issued a $300.00 price target on shares of Cheniere Energy in a research note on Tuesday, June 2nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $299.88.

Cheniere Energy Stock Performance

Shares of NYSE:LNG opened at $267.91 on Tuesday. Cheniere Energy has a 1 year low of $186.20 and a 1 year high of $300.89. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48. The stock has a market capitalization of $55.33 billion, a price-to-earnings ratio of 19.95 and a beta of -0.01. The company’s 50 day simple moving average is $250.50 and its 200 day simple moving average is $247.86.

Hedge Funds Weigh In On Cheniere Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Cheniere Energy during the 4th quarter valued at approximately $731,774,000. Bank of New York Mellon Corp bought a new stake in Cheniere Energy in the second quarter worth $502,015,000. Marshall Wace LLP lifted its position in Cheniere Energy by 555.0% in the fourth quarter. Marshall Wace LLP now owns 810,138 shares of the energy company’s stock worth $157,483,000 after buying an additional 686,459 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its stake in Cheniere Energy by 6,513.7% during the first quarter. OMERS ADMINISTRATION Corp now owns 564,742 shares of the energy company’s stock worth $160,251,000 after buying an additional 556,203 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Cheniere Energy by 518.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 577,533 shares of the energy company’s stock worth $112,267,000 after buying an additional 484,198 shares during the period. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.