Cheniere Energy (NYSE:LNG) Price Target Raised to $344.00

Cheniere Energy (NYSE:LNG) had its price objective upped by equities researchers at JPMorgan Chase & Co. from $334.00 to $344.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the energy company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 15.33% from the stock’s current price.

LNG has been the topic of a number of other reports. Sanford C. Bernstein reissued an “outperform” rating and issued a $283.00 target price on shares of Cheniere Energy in a research note on Friday. Barclays upped their price target on shares of Cheniere Energy from $279.00 to $287.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. Weiss Ratings raised shares of Cheniere Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Raymond James Financial restated a “strong-buy” rating and set a $340.00 price objective on shares of Cheniere Energy in a research note on Monday. Finally, Argus set a $330.00 target price on shares of Cheniere Energy in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $310.65.

Cheniere Energy Stock Up 3.9%

Shares of Cheniere Energy stock traded up $11.27 during midday trading on Friday, hitting $298.28. The company had a trading volume of 519,380 shares, compared to its average volume of 2,289,452. Cheniere Energy has a 52-week low of $186.20 and a 52-week high of $300.89. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.72 and a current ratio of 0.87. The stock has a market capitalization of $61.60 billion, a P/E ratio of 22.22, a P/E/G ratio of 1.13 and a beta of 0.06. The company has a 50 day moving average of $278.33 and a 200 day moving average of $260.79.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). The company had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $7.30 EPS. On average, equities analysts predict that Cheniere Energy will post 16.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. First Horizon Corp boosted its position in shares of Cheniere Energy by 7.7% during the first quarter. First Horizon Corp now owns 517 shares of the energy company’s stock valued at $147,000 after buying an additional 37 shares during the last quarter. Signal Advisors Wealth LLC increased its holdings in Cheniere Energy by 2.9% in the 1st quarter. Signal Advisors Wealth LLC now owns 1,497 shares of the energy company’s stock worth $425,000 after buying an additional 42 shares in the last quarter. Eagle Strategies LLC raised its position in Cheniere Energy by 4.0% in the 3rd quarter. Eagle Strategies LLC now owns 1,083 shares of the energy company’s stock worth $291,000 after buying an additional 42 shares during the last quarter. Titleist Asset Management LLC raised its position in Cheniere Energy by 1.6% in the 3rd quarter. Titleist Asset Management LLC now owns 2,867 shares of the energy company’s stock worth $771,000 after buying an additional 45 shares during the last quarter. Finally, Independence Bank of Kentucky lifted its stake in Cheniere Energy by 6.8% during the 1st quarter. Independence Bank of Kentucky now owns 725 shares of the energy company’s stock valued at $206,000 after acquiring an additional 46 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Key Cheniere Energy News

Here are the key news stories impacting Cheniere Energy this week:

• Positive Sentiment: Long-term QatarEnergy agreements strengthen revenue visibility. Cheniere signed agreements to supply QatarEnergy with 4 million metric tons per year of LNG through 2054—2 million tons annually from each of its Sabine Pass and Corpus Christi facilities. QatarEnergy’s effort to secure U.S. LNG as Middle East supply routes face disruption highlights the strategic value of Cheniere’s export capacity and could support long-term utilization and cash flow. Cheniere signs LNG supply deals with QatarEnergy through 2054
• Positive Sentiment: Expansion plans add to the growth outlook. Coverage points to an expansion of the existing Sabine Pass liquefaction project, while additional reporting highlights rising export capacity. Greater capacity could provide Cheniere with more volumes to sell under long-term contracts, although execution and construction costs remain important considerations. Cheniere develops expansion of existing Sabine Pass project
• Positive Sentiment: Analysts see potential for an earnings beat. Zacks-related reports say Cheniere has factors supporting a likely beat in its upcoming earnings release, and the firm was upgraded to Zacks Rank No. 2, or “Buy.” This adds near-term momentum to the stock, though the reports reflect estimates rather than reported results. Cheniere Energy expected to beat earnings estimates
• Neutral Sentiment: Valuation and technical momentum are attracting attention. Momentum coverage notes that LNG is trading above its 50-day and 200-day moving averages and close to its 52-week high. The strength may reinforce investor interest, but it also raises the risk of profit-taking if earnings or guidance disappoint.
• Negative Sentiment: Bernstein reaffirmed “Outperform” but set a target below the current price. Sanford C. Bernstein maintained its positive rating while assigning a $283 price target, implying approximately 4.6% downside from the cited current price. The target may limit additional near-term upside despite the favorable rating. Sanford C. Bernstein stock recommendations

About Cheniere Energy

Cheniere Energy, Inc is an energy infrastructure company engaged primarily in the production and export of liquefied natural gas (LNG). The company purchases natural gas, processes it through liquefaction facilities, and delivers LNG to customers in international energy markets. Its operations also include natural gas procurement, transportation, storage, and LNG marketing.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility near Corpus Christi, Texas.