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.
COPYRIGHT VIOLATION NOTICE: “Cheniere Energy, Inc. (NYSEAMERICAN:LNG) to Post Q1 2018 Earnings of $0.78 Per Share, US Capital Advisors Forecasts” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/02/14/us-capital-advisors-research-analysts-lift-earnings-estimates-for-cheniere-energy-inc-lng.html.
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.
Get a free copy of the Zacks research report on Cheniere Energy (LNG)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cheniere Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy and related companies with MarketBeat.com's FREE daily email newsletter.