Cheniere Energy’s (LNG) Outperform Rating Reaffirmed at Sanford C. Bernstein

Cheniere Energy (NYSE:LNG)‘s stock had its “outperform” rating restated by equities researchers at Sanford C. Bernstein in a report released on Friday, Benzinga reports. They presently have a $283.00 price objective on the energy company’s stock. Sanford C. Bernstein‘s price objective would suggest a potential downside of 5.55% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Zacks Research cut Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. UBS Group reiterated a “buy” rating on shares of Cheniere Energy in a research note on Tuesday, September 1st. TD Cowen reiterated a “buy” rating on shares of Cheniere Energy in a research note on Friday, October 16th. Argus set a $330.00 price objective on shares of Cheniere Energy in a research note on Tuesday, August 18th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Cheniere Energy from $327.00 to $334.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and an average target price of $310.65.

Cheniere Energy Stock Down 0.3%

LNG traded down $0.96 during trading on Friday, hitting $299.63. 2,223,515 shares of the company’s stock were exchanged, compared to its average volume of 2,298,743. The company has a quick ratio of 0.72, a current ratio of 0.87 and a debt-to-equity ratio of 1.97. The business’s 50 day moving average is $278.46 and its two-hundred day moving average is $252.82. Cheniere Energy has a fifty-two week low of $186.20 and a fifty-two week high of $304.73. The stock has a market cap of $61.88 billion, a P/E ratio of 22.31, a PEG ratio of 1.19 and a beta of 0.06.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share (EPS) for the quarter, missing the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm earned $7.30 EPS. As a group, equities analysts expect that Cheniere Energy will post 16.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cheniere Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in LNG. Asset Management One Co. Ltd. boosted its position in shares of Cheniere Energy by 1.0% during the third quarter. Asset Management One Co. Ltd. now owns 81,810 shares of the energy company’s stock valued at $22,009,000 after buying an additional 830 shares during the last quarter. Latitude Advisors LLC purchased a new stake in Cheniere Energy during the 3rd quarter valued at $97,000. SYM FINANCIAL Corp purchased a new stake in Cheniere Energy during the 3rd quarter valued at $247,000. Harrison Street Private Wealth LLC grew its stake in shares of Cheniere Energy by 5.7% during the 3rd quarter. Harrison Street Private Wealth LLC now owns 11,637 shares of the energy company’s stock valued at $3,131,000 after purchasing an additional 623 shares during the period. Finally, Park Avenue Securities LLC boosted its holdings in shares of Cheniere Energy by 10.0% in the third quarter. Park Avenue Securities LLC now owns 4,200 shares of the energy company’s stock worth $1,130,000 after buying an additional 381 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy News Roundup

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

• Positive Sentiment: QatarEnergy agreed to purchase up to 4 million metric tons per year of U.S. LNG, highlighting growing demand for American gas as supply disruptions threaten long-term energy security. Although the deal was not identified as a direct Cheniere contract, it could support utilization, pricing and future contracting prospects across the U.S. LNG industry. QatarEnergy Signs Up-to-4-MTPA US LNG Deal
• Positive Sentiment: JPMorgan raised or maintained a $344 price target for Cheniere, above the stock’s recent trading level. The target signals continued confidence in the company’s earnings outlook and LNG fundamentals. JPMorgan raises target for Cheniere Energy stock to USD 344
• Neutral Sentiment: Analysts expect robust LNG demand and the company’s long-term contracts to support third-quarter revenue. Investors will also focus on production volumes, cash flow and other operating metrics when Cheniere reports results before the market opens October 29. Cheniere Energy to Report Q3 Earnings: What’s in the Offing?
• Negative Sentiment: Operating costs and LNG price spreads remain important risks for the upcoming quarter. A miss on earnings or weaker-than-expected margins could pressure the stock after the report, particularly following its strong run toward the annual high. Countdown to Cheniere Energy Q3 Earnings

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.