Mizuho Forecasts Strong Price Appreciation for Cheniere Energy (NYSE:LNG) Stock

Cheniere Energy (NYSE:LNG) had its price target raised by Mizuho from $248.00 to $254.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the energy company’s stock. Mizuho’s price target suggests a potential upside of 11.75% from the company’s current price.

Several other analysts also recently issued reports on LNG. Morgan Stanley boosted their price objective on Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. TD Cowen upped their target price on Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a report on Monday, January 27th. Stifel Nicolaus boosted their price target on Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research report on Thursday, March 6th. Finally, StockNews.com upgraded Cheniere Energy from a “hold” rating to a “buy” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $239.79.

Cheniere Energy Price Performance

NYSE LNG opened at $227.29 on Tuesday. The stock’s 50-day moving average price is $224.88 and its two-hundred day moving average price is $208.31. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The company has a market cap of $50.84 billion, a PE ratio of 15.97 and a beta of 0.94. Cheniere Energy has a 1 year low of $152.88 and a 1 year high of $257.65.

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, topping the consensus estimate of $2.74 by $1.59. The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. On average, analysts predict that Cheniere Energy will post 11.69 EPS for the current year.

Insider Transactions at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the sale, the director now owns 33,934 shares in the company, valued at approximately $7,448,852.34. This represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.29% of the company’s stock.

Institutional Trading of Cheniere Energy

Large investors have recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB boosted its holdings in Cheniere Energy by 170.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after acquiring an additional 75 shares during the last quarter. WR Wealth Planners LLC boosted its holdings in Cheniere Energy by 373.1% in the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock valued at $26,000 after acquiring an additional 97 shares during the last quarter. REAP Financial Group LLC boosted its holdings in Cheniere Energy by 150.0% in the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company’s stock valued at $27,000 after acquiring an additional 75 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Cheniere Energy in the fourth quarter valued at about $29,000. Finally, Banque Transatlantique SA bought a new position in Cheniere Energy in the fourth quarter valued at about $32,000. Institutional investors own 87.26% of the company’s stock.

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.