Cheniere Energy (NYSE:LNG) Stock Price Target Raised at JPMorgan Chase & Co.

Cheniere Energy (NYSE:LNG) had its price target lifted by stock analysts at JPMorgan Chase & Co. from $334.00 to $344.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the energy company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 15.33% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Sanford C. Bernstein reissued an “outperform” rating and set a $283.00 price target on shares of Cheniere Energy in a research report on Friday. Scotiabank set a $311.00 price objective on shares of Cheniere Energy in a research report on Thursday, October 15th. Zacks Research downgraded shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. UBS Group reaffirmed a “buy” rating on shares of Cheniere Energy in a research note on Tuesday, September 1st. Finally, TD Cowen reiterated a “buy” rating on shares of Cheniere Energy in a report on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $310.65.

Cheniere Energy Trading Up 3.9%

LNG traded up $11.27 on Friday, hitting $298.28. 519,380 shares of the company were exchanged, compared to its average volume of 2,289,452. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.72 and a current ratio of 0.87. The firm has a fifty day simple moving average of $278.33 and a two-hundred day simple moving average of $260.79. The stock has a market capitalization of $61.60 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 1.13 and a beta of 0.06. Cheniere Energy has a 12 month low of $186.20 and a 12 month high of $300.89.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing the consensus estimate of $3.11 by ($0.09). The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The business’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $7.30 EPS. Sell-side analysts expect that Cheniere Energy will post 16.75 earnings per share for the current year.

Institutional Investors Weigh In On Cheniere Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LNG. Capital Investment Advisors LLC boosted its holdings in shares of Cheniere Energy by 4.7% during the 3rd quarter. Capital Investment Advisors LLC now owns 1,658 shares of the energy company’s stock valued at $446,000 after buying an additional 74 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of Cheniere Energy by 18.7% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,320 shares of the energy company’s stock worth $624,000 after buying an additional 365 shares during the period. Washington Trust Advisors Inc. increased its stake in shares of Cheniere Energy by 510.5% in the 3rd quarter. Washington Trust Advisors Inc. now owns 116 shares of the energy company’s stock worth $31,000 after acquiring an additional 97 shares in the last quarter. Yousif Capital Management LLC increased its stake in shares of Cheniere Energy by 10.8% in the 3rd quarter. Yousif Capital Management LLC now owns 4,761 shares of the energy company’s stock worth $1,281,000 after acquiring an additional 463 shares in the last quarter. Finally, BIP Wealth LLC lifted its position in Cheniere Energy by 3.2% during the 3rd quarter. BIP Wealth LLC now owns 4,170 shares of the energy company’s stock valued at $1,122,000 after acquiring an additional 131 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

More Cheniere Energy News

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

• Positive Sentiment: Long-term QatarEnergy agreements strengthen revenue visibility. Cheniere signed agreements to supply QatarEnergy with 4 million metric tons per year of LNG through 2054—2 million tons annually from each of its Sabine Pass and Corpus Christi facilities. QatarEnergy’s effort to secure U.S. LNG as Middle East supply routes face disruption highlights the strategic value of Cheniere’s export capacity and could support long-term utilization and cash flow. Cheniere signs LNG supply deals with QatarEnergy through 2054
• Positive Sentiment: Expansion plans add to the growth outlook. Coverage points to an expansion of the existing Sabine Pass liquefaction project, while additional reporting highlights rising export capacity. Greater capacity could provide Cheniere with more volumes to sell under long-term contracts, although execution and construction costs remain important considerations. Cheniere develops expansion of existing Sabine Pass project
• Positive Sentiment: Analysts see potential for an earnings beat. Zacks-related reports say Cheniere has factors supporting a likely beat in its upcoming earnings release, and the firm was upgraded to Zacks Rank No. 2, or “Buy.” This adds near-term momentum to the stock, though the reports reflect estimates rather than reported results. Cheniere Energy expected to beat earnings estimates
• Neutral Sentiment: Valuation and technical momentum are attracting attention. Momentum coverage notes that LNG is trading above its 50-day and 200-day moving averages and close to its 52-week high. The strength may reinforce investor interest, but it also raises the risk of profit-taking if earnings or guidance disappoint.
• Negative Sentiment: Bernstein reaffirmed “Outperform” but set a target below the current price. Sanford C. Bernstein maintained its positive rating while assigning a $283 price target, implying approximately 4.6% downside from the cited current price. The target may limit additional near-term upside despite the favorable rating. Sanford C. Bernstein stock recommendations

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.