Cheniere Energy, Inc. (LNG) Expected to Post Earnings of -$0.15 Per Share

Equities analysts expect that Cheniere Energy, Inc. (NYSE:LNG) will announce earnings per share (EPS) of ($0.15) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Cheniere Energy’s earnings, with estimates ranging from ($0.44) to $0.05. Cheniere Energy posted earnings of ($0.68) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 77.9%. The firm is expected to report its next earnings report on Tuesday, August 8th.

According to Zacks, analysts expect that Cheniere Energy will report full year earnings of ($0.13) per share for the current fiscal year, with EPS estimates ranging from ($0.24) to ($0.03). For the next year, analysts anticipate that the firm will post earnings of $0.56 per share, with EPS estimates ranging from ($0.01) to $1.15. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Cheniere Energy.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, May 4th. The energy company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.60. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $663.20 million. During the same quarter in the previous year, the firm posted ($1.41) EPS. The business’s revenue for the quarter was up 1655.1% compared to the same quarter last year.

A number of analysts have recently issued reports on LNG shares. Zacks Investment Research upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Wednesday, April 19th. Guggenheim started coverage on shares of Cheniere Energy in a research note on Monday, April 17th. They set a “buy” rating and a $54.00 target price for the company. Morgan Stanley cut shares of Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective for the company. in a research note on Tuesday. Scotiabank reiterated a “buy” rating and issued a $52.00 price objective on shares of Cheniere Energy in a research note on Thursday, March 23rd. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $58.00 price objective (up previously from $55.00) on shares of Cheniere Energy in a research note on Saturday, April 22nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Cheniere Energy currently has a consensus rating of “Buy” and a consensus target price of $53.69.

A number of institutional investors have recently added to or reduced their stakes in the stock. Aldebaran Financial Inc. raised its position in Cheniere Energy by 1.3% in the first quarter. Aldebaran Financial Inc. now owns 49,170 shares of the energy company’s stock valued at $2,324,000 after buying an additional 640 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in Cheniere Energy by 14.1% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 33,665 shares of the energy company’s stock valued at $1,591,000 after buying an additional 4,161 shares in the last quarter. Pointe Capital Management LLC purchased a new position in Cheniere Energy during the first quarter valued at approximately $708,000. Proficio Capital Partners LLC raised its position in Cheniere Energy by 19,732.0% in the first quarter. Proficio Capital Partners LLC now owns 4,958 shares of the energy company’s stock valued at $251,000 after buying an additional 4,933 shares in the last quarter. Finally, Steadfast Capital Management LP purchased a new position in Cheniere Energy during the first quarter valued at approximately $89,895,000.

Cheniere Energy (NYSE LNG) traded up 1.48% on Wednesday, hitting $47.28. 1,914,654 shares of the stock traded hands. The stock’s market cap is $10.99 billion. Cheniere Energy has a 52 week low of $33.38 and a 52 week high of $51.41. The firm’s 50 day moving average is $48.15 and its 200 day moving average is $46.00.

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Cheniere Energy Company Profile

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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