Cheniere Energy (NYSEAMERICAN:LNG) Announces Quarterly Earnings Results

Cheniere Energy (NYSEAMERICAN:LNG) posted its earnings results on Monday. The energy company reported $1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.69, MarketWatch Earnings reports. Cheniere Energy had a net margin of 10.94% and a return on equity of 19.31%. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the previous year, the business posted $1.43 EPS. The business’s quarterly revenue was up 14.1% on a year-over-year basis.

Shares of LNG stock traded up $2.23 on Friday, reaching $82.65. The company had a trading volume of 1,156,533 shares, compared to its average volume of 1,387,590. The business’s 50-day moving average is $59.20 and its 200 day moving average is $53.60. Cheniere Energy has a one year low of $39.51 and a one year high of $82.66. The stock has a market capitalization of $20.95 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 0.73 and a beta of 1.58. The company has a quick ratio of 1.75, a current ratio of 1.89 and a debt-to-equity ratio of 13.21.

In other Cheniere Energy news, Director David B. Kilpatrick sold 4,397 shares of the business’s stock in a transaction that occurred on Tuesday, March 16th. The shares were sold at an average price of $75.50, for a total transaction of $331,973.50. Following the sale, the director now directly owns 9,938 shares of the company’s stock, valued at approximately $750,319. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.76% of the company’s stock.

A number of research analysts have issued reports on LNG shares. Raymond James boosted their price target on Cheniere Energy from $83.00 to $87.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, April 21st. Wells Fargo & Company upped their price target on shares of Cheniere Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, January 28th. Finally, Morgan Stanley reissued an “overweight” rating and set a $80.00 target price on shares of Cheniere Energy in a research note on Monday, January 25th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $75.14.

Cheniere Energy Company Profile

Cheniere Energy, Inc, an energy infrastructure company, 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 23-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.

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Earnings History for Cheniere Energy (NYSEAMERICAN:LNG)

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