Cheniere Energy (NYSE:LNG) Stock Rating Upgraded by Wall Street Zen

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

A number of other brokerages have also recently commented on LNG. Wolfe Research reiterated an “outperform” rating and issued a $300.00 price target on shares of Cheniere Energy in a research note on Tuesday, June 2nd. Benchmark restated an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, May 26th. TD Cowen upped their target price on shares of Cheniere Energy from $270.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Sanford C. Bernstein assumed coverage on shares of 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. Finally, Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Three equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $298.88.

Cheniere Energy Stock Performance

LNG opened at $269.27 on Friday. Cheniere Energy has a 52-week low of $186.20 and a 52-week high of $300.89. The firm has a market capitalization of $56.43 billion, a PE ratio of 44.29 and a beta of -0.01. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57. The business’s 50-day simple moving average is $244.52 and its 200 day simple moving average is $242.37.

Hedge Funds Weigh In On Cheniere Energy

Several large investors have recently modified their holdings of the stock. Strive Financial Group LLC acquired a new position in Cheniere Energy in the 4th 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 acquired a new stake in Cheniere Energy during the first quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in Cheniere Energy during the third quarter worth approximately $27,000. Finally, Accordant Advisory Group Inc bought a new stake in shares of Cheniere Energy during the fourth quarter worth approximately $29,000. 87.26% of the stock is owned by institutional investors.

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.