Cheniere Energy Receives Rating Downgrade to Buy from StockNews.com

Cheniere Energy LNG has recently been subject to a rating adjustment by research analysts at StockNews.com. The investment rating service shifted its perspective on the energy company from a 'strong-buy' to a 'buy' rating, based on their latest research note issued to investors.

Analyst Reviews on Cheniere Energy

Cheniere Energy has gathered attention from various analysts over time. For instance, The Goldman Sachs Group began covering LNG with a 'buy' rating, assigning a price target of $205.00. Capital One Financial also began its coverage on Cheniere Energy, deeming it 'overweight' with a price objective of $200.00. Stifel Nicolaus, on the other hand, lowered their own price target from $189.00 to $183.00 but maintained a 'buy' rating on the stock.

Wells Fargo & Company cut their target from $230.00 to $222.00, nonetheless sticking with a 'buy' recommendation. Bank of America raised their price expectation from $172.00 to $194.00 and kept their 'buy' rating on LNG. Overall, Cheniere Energy boasts an average analyst rating of 'Buy' with a consensus target price at $196.00, grounded on ratings from twelve analysts and one strong buy endorsement, according to MarketBeat data.

Cheniere Energy's Recent Performance

The energy company’s stock debuted at $171.61 on the date of the announcement. Cheniere Energy claims a market capitalization of $40.89 billion, sporting a PE ratio of 3.40, a PEG ratio of 0.32, and a beta of 0.96. Furthermore, it recorded a 1 year low of $135.00 and a year high of $179.04, with a 50-day moving average price resting at $155.40.

Their latest quarterly earnings report, unveiled on November 2nd, showcased an earnings per share (EPS) of $2.37, falling short of the consensus estimate of $2.55 by $0.18. Nevertheless, the reported revenue was $4.16 billion, exceeding predictions of $3.90 billion. Resultingly, Cheniere Energy posted a net margin of 50.46% and an impressive return on equity of 154.07%, projecting an EPS of 18.48 for the ongoing fiscal year.

Institutional Investors and Cheniere Energy

Institutional investors have been recently adjusting their stakes in LNG. For example, Mather Group LLC. augmented its holdings by 4.9%, while MQS Management LLC established a new position in the company. Dark Forest Capital Management LP and Edge Capital Group LLC also modified their investments, with the latter enhancing its share by 21.6%. Overall, 85.86% of Cheniere Energy’s stock is held by institutional investors.

About Cheniere Energy

Cheniere Energy, Inc operates primarily in the liquefied natural gas (LNG) segment within the United States. It is renowned for owning and managing the Sabine Pass LNG terminal in Louisiana and the Corpus Christi LNG terminal in Texas, in addition to its pipeline infrastructure investments.

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