Cheniere Energy (NYSE:LNG) PT Set at $267.00 by Wells Fargo & Company

Cheniere Energy (NYSE:LNGGet Free Report) has been assigned a $267.00 price target by investment analysts at Wells Fargo & Company in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage presently has an “overweight” rating on the energy company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 10.31% from the company’s previous close.

LNG has been the topic of a number of other reports. Wall Street Zen cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Friday, May 9th. Scotiabank dropped their target price on shares of Cheniere Energy from $243.00 to $242.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, April 29th. JPMorgan Chase & Co. boosted their target price on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, April 28th. Wolfe Research cut shares of Cheniere Energy from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, April 30th. Finally, TD Cowen upped their price target on shares of Cheniere Energy from $260.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus target price of $258.36.

Read Our Latest Research Report on Cheniere Energy

Cheniere Energy Stock Up 2.4%

LNG opened at $242.05 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.19 and a debt-to-equity ratio of 2.24. The stock has a market cap of $53.68 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 4.93 and a beta of 0.43. Cheniere Energy has a twelve month low of $167.66 and a twelve month high of $257.65. The company’s 50-day moving average price is $234.47 and its two-hundred day moving average price is $226.11.

Cheniere Energy (NYSE:LNGGet Free Report) last released its earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $2.81 by ($1.24). The company had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. The firm’s revenue was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.13 earnings per share. As a group, equities analysts expect that Cheniere Energy will post 11.69 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Neal A. Shear sold 4,300 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $245.93, for a total value of $1,057,499.00. Following the transaction, the director now owns 29,733 shares of the company’s stock, valued at $7,312,236.69. This represents a 12.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cheniere Energy

A number of institutional investors have recently made changes to their positions in LNG. Norges Bank purchased a new stake in shares of Cheniere Energy in the 4th quarter valued at $629,197,000. Nuveen LLC purchased a new stake in shares of Cheniere Energy in the 1st quarter valued at $294,793,000. Two Sigma Advisers LP boosted its stake in shares of Cheniere Energy by 84.6% in the 4th quarter. Two Sigma Advisers LP now owns 1,651,500 shares of the energy company’s stock valued at $354,858,000 after purchasing an additional 756,900 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Cheniere Energy in the 4th quarter valued at $130,772,000. Finally, Proficio Capital Partners LLC boosted its stake in shares of Cheniere Energy by 18,281.6% in the 4th quarter. Proficio Capital Partners LLC now owns 575,897 shares of the energy company’s stock valued at $123,743,000 after purchasing an additional 572,764 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

About Cheniere Energy

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Cheniere Energy (NYSE:LNG)

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