Cheniere Energy Inc. (AMEX: LNG) Has Another Chance To Impress You


Icahn Associates Holding LLC recently announced the acquisition of new stake in Cheniere Energy Inc. (AMEX:LNG). The institutional investor has increased its shareholding in the Energy company by 2.91% to 20.16 million shares with purchase of 0.57 million shares. This fresh investment now brings its stake to 8.00% valued currently at $973.93 million. In addition, Manulife Investment Management (U. raised its holdings by 3.28 million to 10.94 million shares. And RREEF America LLC has lifted its position by 25.17% or 1.64 million shares – to 8.16 million shares.

With over 0.95 million Cheniere Energy Inc. (LNG) shares trading Tuesday and a closing price of $48.53 on the day, the dollar volume was approximately $46.09 million. The shares have shown a negative weekly performance of -4.00% and its price on 07/28/20 lost nearly -0.29%. Currently, there are 253.00M common shares owned by the public and among those 246.39M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 21 analysts who have offered their price forecasts for LNG have a consensus price objective of $64.84. The analysts have set the share’s price value over the next 12 months at a high of $75.00 and a low of $52.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Cheniere Energy Inc. stock is 1.80 for the next 12 months. The average price target is 26.25% above its last price level and an upside to the estimated low will see the stock gain 6.67% over that period. But an upside of 35.29% will see the stock hit the forecast high price target while mean target price for the stock is $65.00.

Insiders at the company have transacted a total of 62 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 31 of these insider trades were purchases, accounting for 525,819 shares. Insider sales of the common stock occurred on 31 occasions, with total insider shares sold totaling 274,536 shares.

The top 3 mutual fund holders in Cheniere Energy Inc. are Vanguard Total Stock Market Index, Vanguard Mid Cap Index Fund, and Tortoise MLP & Pipeline Fund. Vanguard Total Stock Market Index owns 6.47 million shares of the company’s stock, all valued at over $312.64 million. The company sold -0.15 million shares recently to bring their total holdings to about 2.57% of the shares outstanding. Vanguard Mid Cap Index Fund sold -0.37 million shares to see its total holdings shrink to 5.61 million shares valued at over $271.08 million and representing 2.23% of the shares outstanding. Tortoise MLP & Pipeline Fund bought 0.52 million shares to bring its total holdings to over 5.35 million shares at a value of $258.68 million. Tortoise MLP & Pipeline Fund now owns shares totaling to 2.12% of the shares outstanding.

Shares of Cheniere Energy Inc. (AMEX: LNG) opened at $48.73, up $0.06 from a prior closing price of $48.67. However, the script later closed the day at $48.53, down -0.29%. The company’s stock has a 5-day price change of -4.00% and 12.65% over the past three months. LNG shares are trading -20.53% year to date (YTD), with the 12-month market performance down to -25.66% lower. It has a 12-month low price of $27.06 and touched a high of $67.49 over the same period. Currently, 0.95 million shares have been traded, compared to an average intraday trading volume of 2.15 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.63%, 1.47%, and -6.03% respectively.

Institutional ownership of Cheniere Energy Inc. (AMEX: LNG) shares accounts for 95.00% of the company’s 253.00M shares outstanding. Mutual fund holders own 38.78%, while other institutional holders and individual stakeholders account for 53.53% and 30.57% respectively.

It has a market capitalization of $12.49B and a beta (3y monthly) value of 1.65. The stock’s trailing 12-month PE ratio is 15.40, while the earnings-per-share (ttm) stands at $3.15. The company has a PEG of 3.08 and a Quick Ratio of 1.00 with the debt-to-equity ratio at 158.86. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.27% over the week and 2.92% over the month.

Analysts forecast that Cheniere Energy Inc. (LNG) will achieve an EPS of $0.6 for the current quarter, $0.38 for the next quarter and $2.54 for 2021. The lowest estimate earnings-per-share for the quarter is $0.02 while analysts give the company a high EPS estimate of $2.52. Comparatively, EPS for the current quarter was -$0.44 a year ago. Earnings per share for the fiscal year are expected to increase by 32.20%, and -0.12% over the next financial year. EPS should shrink at an annualized rate of 5.00% over the next five years, compared to 24.80% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 21 brokerage firm advisors rate Cheniere Energy Inc. (LNG) as a “Strong Buy” at a consensus score of 1.80. Specifically, 16 Wall Street analysts polled rate the stock as a buy, while 3 of the 21 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the LNG, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on May 20, 2020, with the firm’s price target at $64. BofA/Merrill coverage for the Cheniere Energy Inc. (LNG) stock in a research note released on May 01, 2020 offered a Neutral rating with a price target of. Cowen was of a view on April 08, 2020 that the stock is Outperform, while Raymond James gave the stock Outperform rating on October 23, 2019, issuing a price target of $71. RBC Capital Mkts on their part issued Outperform rating on October 21, 2019.


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