Cheniere Energy (NYSEAMERICAN:LNG) Announces Quarterly Earnings Results, Misses Estimates By $0.84 EPS

Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) announced its quarterly earnings results on Thursday. The energy company reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.74 by ($0.84), Briefing.com reports. Cheniere Energy had a positive return on equity of 30.72% and a negative net margin of 14.77%. The business had revenue of $8.01 billion for the quarter, compared to analysts’ expectations of $6.42 billion. During the same period last year, the firm earned ($1.30) earnings per share. The firm’s quarterly revenue was up 165.4% on a year-over-year basis.

Cheniere Energy Price Performance

NYSEAMERICAN LNG opened at $146.77 on Friday. The stock has a market capitalization of $37.30 billion, a P/E ratio of -15.87 and a beta of 1.26. Cheniere Energy has a twelve month low of $82.15 and a twelve month high of $150.61. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 16th. Stockholders of record on Tuesday, August 9th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, August 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.90%. Cheniere Energy’s payout ratio is -14.27%.

Hedge Funds Weigh In On Cheniere Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Covestor Ltd increased its stake in Cheniere Energy by 134.3% in the first quarter. Covestor Ltd now owns 396 shares of the energy company’s stock valued at $55,000 after purchasing an additional 227 shares in the last quarter. Wetherby Asset Management Inc. lifted its stake in shares of Cheniere Energy by 4.0% during the 1st quarter. Wetherby Asset Management Inc. now owns 6,343 shares of the energy company’s stock worth $879,000 after buying an additional 242 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Cheniere Energy by 13.6% during the 1st quarter. Clearbridge Investments LLC now owns 2,240 shares of the energy company’s stock worth $311,000 after buying an additional 268 shares during the last quarter. Stonebridge Capital Advisors LLC increased its position in Cheniere Energy by 42.9% during the first quarter. Stonebridge Capital Advisors LLC now owns 1,000 shares of the energy company’s stock worth $139,000 after acquiring an additional 300 shares during the period. Finally, Yousif Capital Management LLC increased its holdings in Cheniere Energy by 7.3% in the 1st quarter. Yousif Capital Management LLC now owns 5,069 shares of the energy company’s stock valued at $703,000 after buying an additional 345 shares during the period. 88.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Royal Bank of Canada boosted their price target on Cheniere Energy from $178.00 to $179.00 and gave the company an “outperform” rating in a research report on Tuesday, July 12th. JPMorgan Chase & Co. upped their target price on Cheniere Energy from $183.00 to $192.00 in a research note on Thursday, May 12th. Cowen increased their price target on Cheniere Energy from $145.00 to $170.00 in a research note on Thursday, May 5th. Raymond James increased their target price on Cheniere Energy from $175.00 to $178.00 and gave the stock a “strong-buy” rating in a research report on Friday. Finally, Mizuho increased their price target on Cheniere Energy from $159.00 to $167.00 in a report on Friday. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $162.18.

About Cheniere Energy

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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.