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

Cheniere Energy (NYSE:LNG) had its target price boosted by analysts at Morgan Stanley from $195.00 to $255.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the energy company’s stock. Morgan Stanley’s price objective would suggest a potential upside of 13.99% from the company’s previous close.

Several other equities research analysts have also recently commented on LNG. Royal Bank of Canada increased their price target on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. The Goldman Sachs Group raised their target price on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Scotiabank boosted their price target on shares of Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. UBS Group upped their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Barclays boosted their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and an average price target of $234.25.

Cheniere Energy Trading Down 2.8 %

Shares of LNG stock opened at $223.71 on Friday. Cheniere Energy has a fifty-two week low of $152.31 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’s fifty day moving average is $223.15 and its two-hundred day moving average is $199.36. The firm has a market capitalization of $50.19 billion, a P/E ratio of 14.29 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $2.06. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period last year, the firm posted $2.37 earnings per share. Research analysts expect that Cheniere Energy will post 12.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of LNG. Geneos Wealth Management Inc. lifted its stake in Cheniere Energy by 10.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock worth $99,000 after acquiring an additional 43 shares in the last quarter. Flagship Harbor Advisors LLC increased its stake in Cheniere Energy by 2.0% during the fourth quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock worth $503,000 after purchasing an additional 46 shares during the period. Octavia Wealth Advisors LLC lifted its position in shares of Cheniere Energy by 3.7% during the third quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock worth $269,000 after purchasing an additional 54 shares in the last quarter. Hourglass Capital LLC boosted its stake in shares of Cheniere Energy by 0.6% in the fourth quarter. Hourglass Capital LLC now owns 10,950 shares of the energy company’s stock valued at $2,353,000 after purchasing an additional 60 shares during the period. Finally, Chemistry Wealth Management LLC grew its holdings in shares of Cheniere Energy by 5.2% in the fourth quarter. Chemistry Wealth Management LLC now owns 1,241 shares of the energy company’s stock valued at $267,000 after purchasing an additional 61 shares in the last quarter. 87.26% of the stock is currently 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.