Cheniere Energy (NYSE:LNG) Announces Earnings Results, Beats Estimates By $2.06 EPS

Cheniere Energy (NYSE:LNG) issued its quarterly earnings data on Thursday. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06, Briefing.com reports. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the business posted $2.37 earnings per share. Cheniere Energy’s quarterly revenue was down 9.5% compared to the same quarter last year.

Cheniere Energy Stock Performance

NYSE:LNG traded down $3.71 during mid-day trading on Friday, reaching $187.67. The company’s stock had a trading volume of 2,041,105 shares, compared to its average volume of 1,765,696. Cheniere Energy has a 12-month low of $152.31 and a 12-month high of $193.16. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. The firm’s fifty day moving average price is $183.22 and its two-hundred day moving average price is $173.00. The stock has a market cap of $42.46 billion, a P/E ratio of 10.20 and a beta of 0.94.

Cheniere Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be issued a $0.50 dividend. The ex-dividend date is Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 1.07%. Cheniere Energy’s payout ratio is 9.28%.

Analyst Ratings Changes

A number of research firms have recently commented on LNG. Stifel Nicolaus lowered their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Barclays raised their price objective on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Bank of America started coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 target price on the stock. Finally, Royal Bank of Canada increased their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and an average target price of $200.00.

About Cheniere Energy

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.