Cheniere Energy (LNG) Announces Quarterly Results
Cheniere Energy (NYSE:LNG) posted its quarterly earnings results on Thursday. The company reported ($0.90) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.33) by $0.57, AR Network reports. The company had revenue of $67.65 million for the quarter, compared to the consensus estimate of $66.44 million. During the same quarter in the prior year, the company posted ($0.71) earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis.
Shares of Cheniere Energy (NYSE:LNG) traded down 3.60% during mid-day trading on Thursday, hitting $70.76. The stock had a trading volume of 4,293,102 shares. Cheniere Energy has a 1-year low of $26.72 and a 1-year high of $76.46. The stock has a 50-day moving average of $71.06 and a 200-day moving average of $57.81. The company’s market cap is $15.794 billion.
LNG has been the subject of a number of recent research reports. Analysts at Raymond James initiated coverage on shares of Cheniere Energy in a research note on Tuesday, June 10th. They set a “market perform” rating on the stock. On a related note, analysts at Credit Suisse reiterated a “neutral” rating on shares of Cheniere Energy in a research note on Monday, June 2nd. They now have a $75.00 price target on the stock, up previously from $65.00. Finally, analysts at Goldman Sachs raised their price target on shares of Cheniere Energy to $70.00 in a research note on Friday, May 30th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $65.66.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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