Cheniere Energy (NYSE:LNG) Now Covered by Argus

Equities researchers at Argus assumed coverage on shares of Cheniere Energy (NYSE:LNG) in a report issued on Tuesday, MarketBeat reports. The firm set a “buy” rating and a $255.00 price target on the energy company’s stock. Argus’ price target would indicate a potential upside of 12.19% from the stock’s previous close.

LNG has been the subject of several other research reports. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research note on Thursday, March 6th. Morgan Stanley lifted their price target on Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Stifel Nicolaus lifted their price target on Cheniere Energy from $237.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. StockNews.com raised Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, Barclays lifted their price target on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $239.79.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $227.29 on Tuesday. The stock has a market cap of $50.84 billion, a PE ratio of 15.97 and a beta of 0.94. Cheniere Energy has a fifty-two week low of $152.88 and a fifty-two week high of $257.65. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The stock has a fifty day moving average of $224.88 and a 200-day moving average of $208.31.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $1.59. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. Equities research analysts anticipate that Cheniere Energy will post 11.69 earnings per share for the current year.

Insider Activity at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the sale, the director now owns 33,934 shares of the company’s stock, valued at approximately $7,448,852.34. The trade was a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.29% of the stock is owned by insiders.

Hedge Funds Weigh In On Cheniere Energy

Institutional investors have recently bought and sold shares of the business. Miracle Mile Advisors LLC purchased a new position in Cheniere Energy during the fourth quarter valued at approximately $2,127,000. Fractal Investments LLC grew its holdings in Cheniere Energy by 31.0% in the fourth quarter. Fractal Investments LLC now owns 59,200 shares of the energy company’s stock worth $12,720,000 after purchasing an additional 14,000 shares during the last quarter. Anderson Hoagland & Co. purchased a new position in Cheniere Energy in the fourth quarter worth $2,460,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Cheniere Energy by 31.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company’s stock worth $7,812,000 after purchasing an additional 8,756 shares during the last quarter. Finally, Insight Wealth Strategies LLC purchased a new position in Cheniere Energy in the fourth quarter worth $4,455,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Company Profile

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.