Cheniere Energy (NYSE:LNG) Releases Earnings Results, Beats Expectations By $11.57 EPS

Cheniere Energy (NYSE:LNGGet Free Report) released its quarterly earnings results on Wednesday. The energy company reported $14.65 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $11.57, FiscalAI reports. Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.The business had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $4.84 billion. During the same quarter in the prior year, the firm posted $7.30 EPS. The company’s revenue was up 23.5% compared to the same quarter last year.

Cheniere Energy Price Performance

Shares of LNG traded up $9.19 during trading hours on Thursday, reaching $263.95. 2,134,522 shares of the company traded hands, compared to its average volume of 1,738,462. The stock has a market capitalization of $55.31 billion, a PE ratio of 43.41 and a beta of -0.01. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. The stock has a fifty day simple moving average of $247.87 and a 200 day simple moving average of $246.23. Cheniere Energy has a fifty-two week low of $186.20 and a fifty-two week high of $300.89.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 18th. Investors of record on Monday, August 10th will be paid a dividend of $0.555 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. Cheniere Energy’s dividend payout ratio (DPR) is presently 36.51%.

Institutional Trading of Cheniere Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP grew its position in Cheniere Energy by 555.0% in the fourth quarter. Marshall Wace LLP now owns 810,138 shares of the energy company’s stock valued at $157,483,000 after acquiring an additional 686,459 shares in the last quarter. Voloridge Investment Management LLC boosted its stake in shares of Cheniere Energy by 3,902.4% in the fourth quarter. Voloridge Investment Management LLC now owns 389,676 shares of the energy company’s stock valued at $75,749,000 after purchasing an additional 379,940 shares during the period. State Street Corp boosted its stake in shares of Cheniere Energy by 6.7% in the third quarter. State Street Corp now owns 6,007,073 shares of the energy company’s stock valued at $1,411,542,000 after purchasing an additional 377,369 shares during the period. Barclays PLC grew its holdings in Cheniere Energy by 161.4% during the 4th quarter. Barclays PLC now owns 511,407 shares of the energy company’s stock valued at $99,412,000 after purchasing an additional 315,777 shares in the last quarter. Finally, Zimmer Partners LP increased its stake in Cheniere Energy by 2,373.6% during the 4th quarter. Zimmer Partners LP now owns 309,200 shares of the energy company’s stock worth $60,105,000 after buying an additional 296,700 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LNG has been the subject of a number of research analyst reports. UBS Group set a $290.00 price target on Cheniere Energy in a research report on Wednesday, May 13th. JPMorgan Chase & Co. boosted their price objective on shares of Cheniere Energy from $327.00 to $334.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Wolfe Research restated an “outperform” rating and set a $300.00 target price on shares of Cheniere Energy in a report on Tuesday, June 2nd. Royal Bank Of Canada lifted their target price on shares of Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 14th. Finally, Zacks Research raised shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $298.88.

Check Out Our Latest Stock Report on LNG

Key Headlines Impacting Cheniere Energy

Here are the key news stories impacting Cheniere Energy this week:

Cheniere Energy Company Profile

(Get Free Report)

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.

See Also

Earnings History for Cheniere Energy (NYSE:LNG)

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