US Capital Advisors Weighs in on Cheniere Energy, Inc.’s FY2019 Earnings (LNG)
Cheniere Energy, Inc. (NYSEAMERICAN:LNG) – Analysts at US Capital Advisors issued their FY2019 EPS estimates for shares of Cheniere Energy in a research report issued on Thursday. US Capital Advisors analyst J. Carreker expects that the energy company will post earnings of $0.98 per share for the year.
Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings results on Tuesday, November 14th. The energy company reported ($1.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($1.08). The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the business earned ($0.41) EPS. The firm’s revenue for the quarter was up 201.7% compared to the same quarter last year.
Shares of Cheniere Energy (LNG) traded down $0.26 during midday trading on Friday, reaching $55.01. The company’s stock had a trading volume of 2,300,000 shares, compared to its average volume of 2,578,800. Cheniere Energy has a 12-month low of $40.36 and a 12-month high of $56.14. The firm has a market cap of $13,120.00, a price-to-earnings ratio of -31.26 and a beta of 1.81.
In other Cheniere Energy news, Director Vicky A. Bailey sold 5,800 shares of Cheniere Energy stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $54.44, for a total value of $315,752.00. Following the transaction, the director now directly owns 35,765 shares of the company’s stock, valued at approximately $1,947,046.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David B. Kilpatrick sold 20,000 shares of Cheniere Energy stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $49.15, for a total value of $983,000.00. Following the completion of the transaction, the director now directly owns 2,464 shares in the company, valued at $121,105.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,800 shares of company stock worth $2,299,152.
Several institutional investors and hedge funds have recently added to or reduced their stakes in LNG. FMR LLC increased its position in shares of Cheniere Energy by 482.7% during the second quarter. FMR LLC now owns 6,741,287 shares of the energy company’s stock valued at $328,368,000 after purchasing an additional 5,584,446 shares during the period. CI Investments Inc. acquired a new stake in Cheniere Energy in the 3rd quarter valued at $120,279,000. Cohen & Steers Inc. boosted its stake in Cheniere Energy by 92.1% in the 3rd quarter. Cohen & Steers Inc. now owns 2,655,409 shares of the energy company’s stock valued at $119,600,000 after buying an additional 1,273,441 shares in the last quarter. Kensico Capital Management Corp boosted its stake in Cheniere Energy by 8.7% in the 3rd quarter. Kensico Capital Management Corp now owns 12,185,000 shares of the energy company’s stock valued at $548,812,000 after buying an additional 973,400 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in Cheniere Energy by 899.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,050,944 shares of the energy company’s stock valued at $47,335,000 after buying an additional 945,777 shares in the last quarter.
COPYRIGHT VIOLATION NOTICE: This story was first published by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/01/05/us-capital-advisors-weighs-in-on-cheniere-energy-inc-s-fy2019-earnings-lng.html.
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.
Receive News & Ratings for Cheniere Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy and related companies with MarketBeat.com's FREE daily email newsletter.