Cheniere Energy (NYSEAMERICAN:LNG) Announces Quarterly Earnings Results

Cheniere Energy (NYSEAMERICAN:LNGGet Rating) announced its earnings results on Wednesday. The energy company reported ($3.41) EPS for the quarter, missing the consensus estimate of $3.45 by ($6.86), Briefing.com reports. Cheniere Energy had a negative net margin of 14.77% and a positive return on equity of 30.72%. The company had revenue of $7.48 billion for the quarter, compared to analysts’ expectations of $5.56 billion. During the same period in the prior year, the company earned $1.54 earnings per share. The company’s revenue for the quarter was up 142.2% on a year-over-year basis.

Shares of LNG stock opened at $146.30 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.93 and a debt-to-equity ratio of 24.30. Cheniere Energy has a fifty-two week low of $78.77 and a fifty-two week high of $150.00. The stock has a market capitalization of $37.22 billion, a price-to-earnings ratio of -15.82 and a beta of 1.26.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 17th. Shareholders of record on Tuesday, May 10th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Monday, May 9th. Cheniere Energy’s payout ratio is currently -14.27%.

Several brokerages have recently commented on LNG. Barclays upped their target price on Cheniere Energy from $131.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, March 14th. Royal Bank of Canada upped their target price on Cheniere Energy from $116.00 to $151.00 and gave the company an “outperform” rating in a report on Tuesday, March 8th. JPMorgan Chase & Co. upped their target price on Cheniere Energy from $169.00 to $183.00 in a report on Friday, April 29th. Sanford C. Bernstein upped their target price on Cheniere Energy from $129.00 to $134.00 in a report on Thursday, February 17th. Finally, Mizuho upped their target price on Cheniere Energy from $128.00 to $145.00 and gave the company a “buy” rating in a report on Friday, February 25th. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $140.31.

In other Cheniere Energy news, Director Neal A. Shear sold 10,318 shares of the company’s stock in a transaction dated Thursday, March 31st. The stock was sold at an average price of $140.16, for a total value of $1,446,170.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.66% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Cheniere Energy in the 4th quarter worth about $85,000. Jaffetilchin Investment Partners LLC bought a new stake in shares of Cheniere Energy during the 4th quarter worth about $240,000. Forum Financial Management LP bought a new stake in shares of Cheniere Energy during the 4th quarter worth about $277,000. Autumn Glory Partners LLC bought a new stake in shares of Cheniere Energy during the 4th quarter worth about $336,000. Finally, Toroso Investments LLC boosted its stake in shares of Cheniere Energy by 14.0% during the 4th quarter. Toroso Investments LLC now owns 3,950 shares of the energy company’s stock worth $401,000 after acquiring an additional 485 shares in the last quarter. 88.17% of the stock is currently owned by institutional investors.

Cheniere Energy Company Profile (Get Rating)

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 pipeline interconnecting the Sabine Pass LNG terminal with various interstate 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.

See Also

Earnings History for Cheniere Energy (NYSEAMERICAN:LNG)

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