Cheniere Energy (NYSE:LNG) Price Target Cut to $206.00 by Analysts at UBS Group

Cheniere Energy (NYSE:LNG) had its price objective decreased by stock analysts at UBS Group from $223.00 to $206.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the energy company’s stock. UBS Group’s price target suggests a potential upside of 29.13% from the company’s previous close.

Several other analysts have also recently commented on LNG. Redburn Atlantic started coverage on Cheniere Energy in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 target price on the stock. Barclays lifted their price target on Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. TD Cowen lowered their price target on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. Finally, StockNews.com cut Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.90.

Cheniere Energy Price Performance

LNG opened at $159.53 on Wednesday. Cheniere Energy has a 12 month low of $135.30 and a 12 month high of $183.46. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59. The firm has a market cap of $36.80 billion, a PE ratio of 3.94 and a beta of 0.94. The firm has a 50 day simple moving average of $157.98.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, February 22nd. The energy company reported $5.76 EPS for the quarter, beating the consensus estimate of $2.70 by $3.06. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The firm had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same period last year, the firm earned $15.78 EPS. The firm’s revenue was down 46.9% compared to the same quarter last year. Equities analysts anticipate that Cheniere Energy will post 8.39 EPS for the current year.

Institutional Investors Weigh In On Cheniere Energy

Several large investors have recently modified their holdings of the stock. Farmers & Merchants Investments Inc. boosted its stake in shares of Cheniere Energy by 21.1% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 345 shares of the energy company’s stock worth $57,000 after acquiring an additional 60 shares in the last quarter. Mutual Advisors LLC boosted its stake in shares of Cheniere Energy by 1.0% during the 3rd quarter. Mutual Advisors LLC now owns 6,224 shares of the energy company’s stock worth $1,033,000 after acquiring an additional 64 shares in the last quarter. Xcel Wealth Management LLC boosted its stake in shares of Cheniere Energy by 3.4% during the 4th quarter. Xcel Wealth Management LLC now owns 1,961 shares of the energy company’s stock worth $335,000 after acquiring an additional 65 shares in the last quarter. Keene & Associates Inc. boosted its position in shares of Cheniere Energy by 3.8% in the first quarter. Keene & Associates Inc. now owns 1,798 shares of the energy company’s stock worth $290,000 after buying an additional 65 shares during the period. Finally, Winch Advisory Services LLC boosted its position in shares of Cheniere Energy by 11.4% in the third quarter. Winch Advisory Services LLC now owns 647 shares of the energy company’s stock worth $107,000 after buying an additional 66 shares during the period. 87.26% of the stock is owned by institutional investors.

About Cheniere Energy

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.