Cheniere Energy (LNG) Scheduled to Post Earnings on Friday

Cheniere Energy (NYSE:LNG) will post its quarterly earnings results before the market opens on Friday, May 3rd. Analysts expect Cheniere Energy to post earnings of $2.30 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 EPS for the quarter, beating the consensus estimate of $2.70 by $3.06. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The company had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter last year, the company posted $15.78 earnings per share. The company’s revenue for the quarter was down 46.9% compared to the same quarter last year. On average, analysts expect Cheniere Energy to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Cheniere Energy Stock Up 1.3 %

Shares of LNG stock opened at $159.53 on Friday. Cheniere Energy has a 12 month low of $135.30 and a 12 month high of $183.46. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63. The company’s 50 day moving average is $157.98. The firm has a market capitalization of $36.80 billion, a P/E ratio of 3.94 and a beta of 0.94.

Analyst Ratings Changes

Several equities analysts have commented on the company. StockNews.com downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Redburn Atlantic assumed coverage on Cheniere Energy in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price objective for the company. Barclays increased their price objective on Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. UBS Group reduced their price objective on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, TD Cowen reduced their price objective on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research report on Tuesday, February 27th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.90.

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.