Wall Street Zen Upgrades Cheniere Energy (NYSE:LNG) to Hold

Cheniere Energy (NYSE:LNG) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other analysts also recently issued reports on LNG. Wolfe Research restated an “outperform” rating and issued a $300.00 price target on shares of Cheniere Energy in a research report on Tuesday, June 2nd. Jefferies Financial Group boosted their price objective on shares of Cheniere Energy from $275.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. TD Cowen increased their target price on shares of Cheniere Energy from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Morgan Stanley lowered their target price on shares of Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Finally, Barclays lifted their price target on shares of Cheniere Energy from $271.00 to $274.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $298.88.

Cheniere Energy Stock Performance

Shares of NYSE:LNG opened at $269.27 on Friday. The firm has a fifty day simple moving average of $244.52 and a two-hundred day simple moving average of $242.07. Cheniere Energy has a 52 week low of $186.20 and a 52 week high of $300.89. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. The stock has a market capitalization of $56.43 billion, a P/E ratio of 44.29 and a beta of -0.01.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Northside Capital Management LLC raised its stake in shares of Cheniere Energy by 0.3% during the 2nd quarter. Northside Capital Management LLC now owns 43,164 shares of the energy company’s stock worth $10,317,000 after acquiring an additional 113 shares in the last quarter. Fiduciary Financial Group LLC acquired a new stake in Cheniere Energy in the second quarter valued at approximately $314,000. Ausbil Investment Management Ltd boosted its stake in Cheniere Energy by 45.8% in the second quarter. Ausbil Investment Management Ltd now owns 48,440 shares of the energy company’s stock valued at $11,815,000 after acquiring an additional 15,220 shares in the last quarter. Community Financial Services Group LLC purchased a new position in Cheniere Energy in the second quarter worth $29,000. Finally, Sapient Capital LLC grew its holdings in Cheniere Energy by 3.6% in the second quarter. Sapient Capital LLC now owns 4,149 shares of the energy company’s stock worth $992,000 after purchasing an additional 143 shares during the last quarter. Hedge funds and other 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.