JPMorgan Chase & Co. Issues Positive Forecast for Cheniere Energy (NYSE:LNG) Stock Price

Cheniere Energy (NYSE:LNG) had its target price increased by JPMorgan Chase & Co. from $327.00 to $334.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the energy company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 23.84% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Wolfe Research reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Cheniere Energy in a research report on Tuesday, June 2nd. Sanford C. Bernstein started coverage on Cheniere Energy in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $283.00 target price for the company. TD Cowen increased their price target on Cheniere Energy from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Citigroup raised their price target on Cheniere Energy from $280.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Finally, Barclays boosted their price objective on Cheniere Energy from $271.00 to $274.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $298.88.

Cheniere Energy Stock Performance

LNG stock traded down $2.30 during trading on Friday, hitting $269.69. 1,098,447 shares of the company’s stock traded hands, compared to its average volume of 2,516,373. The stock has a market capitalization of $56.51 billion, a price-to-earnings ratio of 44.46 and a beta of -0.01. Cheniere Energy has a 52 week low of $186.20 and a 52 week high of $300.89. The stock has a fifty day moving average price of $243.97 and a two-hundred day moving average price of $241.88. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LNG. Strive Financial Group LLC bought a new stake in shares of Cheniere Energy during the fourth quarter valued at about $25,000. Kohmann Bosshard Financial Services LLC bought a new position in Cheniere Energy in the 4th quarter valued at about $26,000. Financial Life Planners bought a new position in Cheniere Energy in the 1st quarter valued at about $26,000. Caitong International Asset Management Co. Ltd acquired a new position in Cheniere Energy during the 3rd quarter valued at about $27,000. Finally, Accordant Advisory Group Inc bought a new stake in shares of Cheniere Energy during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

About Cheniere Energy

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.