Equities research analysts expect that Cheniere Energy, Inc. (NYSE:LNG) will post earnings per share (EPS) of ($0.01) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Cheniere Energy’s earnings, with estimates ranging from ($0.52) to $0.26. Cheniere Energy reported earnings of ($0.41) per share in the same quarter last year, which would suggest a positive year over year growth rate of 97.6%. The business is scheduled to announce its next earnings results before the market opens on Tuesday, November 14th.

According to Zacks, analysts expect that Cheniere Energy will report full year earnings of ($1.27) per share for the current year, with EPS estimates ranging from ($1.76) to ($0.34). For the next financial year, analysts expect that the firm will report earnings of $1.01 per share, with EPS estimates ranging from ($0.34) to $2.15. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Cheniere Energy.

A number of research firms have recently commented on LNG. J P Morgan Chase & Co dropped their target price on shares of Cheniere Energy from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday. Zacks Investment Research cut shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub cut shares of Cheniere Energy from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Scotiabank reissued a “buy” rating and issued a $52.00 target price on shares of Cheniere Energy in a report on Wednesday, October 25th. Finally, BMO Capital Markets assumed coverage on shares of Cheniere Energy in a report on Monday, September 25th. They issued an “outperform” rating and a $60.00 target price for the company. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $52.61.

In other Cheniere Energy news, insider Jack A. Fusco acquired 23,750 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was acquired at an average price of $42.32 per share, for a total transaction of $1,005,100.00. Following the acquisition, the insider now directly owns 399,985 shares in the company, valued at $16,927,365.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael J. Wortley acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was acquired at an average price of $41.96 per share, with a total value of $209,800.00. Following the acquisition, the chief financial officer now owns 433,830 shares in the company, valued at $18,203,506.80. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 29,750 shares of company stock valued at $1,257,000.

A number of institutional investors have recently added to or reduced their stakes in LNG. FMR LLC raised its holdings in Cheniere Energy by 482.7% during the 2nd quarter. FMR LLC now owns 6,741,287 shares of the energy company’s stock worth $328,368,000 after purchasing an additional 5,584,446 shares during the last quarter. Steadfast Capital Management LP raised its holdings in Cheniere Energy by 44.2% during the 2nd quarter. Steadfast Capital Management LP now owns 2,741,466 shares of the energy company’s stock worth $133,537,000 after purchasing an additional 839,724 shares during the last quarter. Vanguard Group Inc. raised its holdings in Cheniere Energy by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 17,633,858 shares of the energy company’s stock worth $858,946,000 after purchasing an additional 653,176 shares during the last quarter. Brookfield Asset Management Inc. raised its holdings in Cheniere Energy by 43.3% during the 2nd quarter. Brookfield Asset Management Inc. now owns 1,873,390 shares of the energy company’s stock worth $91,253,000 after purchasing an additional 566,100 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its holdings in Cheniere Energy by 110.5% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 1,000,000 shares of the energy company’s stock worth $48,710,000 after purchasing an additional 525,000 shares during the last quarter.

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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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