Cheniere Energy (NYSE:LNG) Issues Earnings Results

Cheniere Energy (NYSE:LNG) announced its quarterly earnings results on Friday. The energy company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.17), RTT News reports. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the business earned $6.89 EPS. The company’s revenue for the quarter was down 41.8% on a year-over-year basis.

Cheniere Energy Trading Down 1.9 %

LNG stock traded down $3.09 during midday trading on Friday, hitting $157.54. The stock had a trading volume of 3,959,078 shares, compared to its average volume of 1,812,543. Cheniere Energy has a 52 week low of $135.30 and a 52 week high of $183.46. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59. The stock’s 50-day simple moving average is $157.83. The firm has a market capitalization of $36.34 billion, a price-to-earnings ratio of 3.89 and a beta of 0.95.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 10th will be given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Thursday, May 9th. Cheniere Energy’s dividend payout ratio is presently 4.30%.

Wall Street Analyst Weigh In

LNG has been the subject of several recent analyst reports. StockNews.com downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. UBS Group lowered their price target on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. TD Cowen cut 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. Barclays raised their target price on Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. Finally, Redburn Atlantic started coverage on Cheniere Energy in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price target on the stock. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.