Cheniere Energy, Inc. (NYSEAMERICAN:LNG) to Post Q1 2018 Earnings of $0.78 Per Share, US Capital Advisors Forecasts

Cheniere Energy, Inc. (NYSEAMERICAN:LNG) – Analysts at US Capital Advisors raised their Q1 2018 EPS estimates for shares of Cheniere Energy in a research report issued to clients and investors on Wednesday, Zacks Investment Research reports. US Capital Advisors analyst J. Carreker now forecasts that the energy company will post earnings of $0.78 per share for the quarter, up from their prior estimate of $0.56. US Capital Advisors also issued estimates for Cheniere Energy’s FY2018 earnings at $0.95 EPS.

Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings results on Tuesday, November 14th. The energy company reported ($1.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($1.08). The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the firm earned ($0.41) EPS. The company’s revenue for the quarter was up 201.7% on a year-over-year basis.

A number of other analysts have also recently issued reports on LNG. Stifel Nicolaus started coverage on shares of Cheniere Energy in a research note on Thursday, January 4th. They issued a “buy” rating and a $65.00 price objective for the company. Scotiabank reissued a “buy” rating and issued a $52.00 price objective on shares of Cheniere Energy in a research note on Wednesday, October 25th. Citigroup increased their price objective on shares of Cheniere Energy from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. Barclays reissued a “buy” rating and issued a $62.00 price objective on shares of Cheniere Energy in a research note on Friday, January 19th. Finally, Morgan Stanley increased their price objective on shares of Cheniere Energy from $50.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $57.45.

Cheniere Energy (NYSEAMERICAN:LNG) traded up $0.78 on Monday, reaching $58.18. 1,492,845 shares of the company’s stock traded hands, compared to its average volume of 2,201,756. Cheniere Energy has a fifty-two week low of $40.36 and a fifty-two week high of $60.22. The company has a market capitalization of $13,810.00, a P/E ratio of -32.61 and a beta of 1.72.

Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC bought a new stake in shares of Cheniere Energy in the 2nd quarter worth about $121,000. First Interstate Bank lifted its holdings in shares of Cheniere Energy by 2,873.0% in the 4th quarter. First Interstate Bank now owns 2,973 shares of the energy company’s stock worth $160,000 after acquiring an additional 2,873 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Cheniere Energy by 11.7% in the 2nd quarter. Van ECK Associates Corp now owns 2,987 shares of the energy company’s stock worth $145,000 after acquiring an additional 312 shares during the last quarter. Atlantic Trust LLC bought a new stake in shares of Cheniere Energy in the 2nd quarter worth about $175,000. Finally, Fiduciary Trust Co. bought a new stake in shares of Cheniere Energy in the 4th quarter worth about $207,000.

In other Cheniere Energy news, Director Nuno Brandolini sold 20,000 shares of Cheniere Energy stock in a transaction on Friday, December 15th. The shares were sold at an average price of $50.02, for a total value of $1,000,400.00. Following the completion of the transaction, the director now directly owns 232,271 shares of the company’s stock, valued at approximately $11,618,195.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vicky A. Bailey sold 5,800 shares of Cheniere Energy stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $54.44, for a total transaction of $315,752.00. Following the completion of the transaction, the director now directly owns 35,765 shares of the company’s stock, valued at $1,947,046.60. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock valued at $2,299,152 over the last ninety days.

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About Cheniere Energy

Cheniere Energy, Inc (Cheniere) is an energy company primarily engaged in liquefied natural gas (LNG)-related businesses. The Company operates through two segments: LNG terminal business, and LNG and natural gas marketing business. Its LNG terminal segment consists of the Sabine Pass and Corpus Christi LNG terminals.

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