FY2019 Earnings Forecast for Cheniere Energy, Inc. Issued By US Capital Advisors (LNG)

Cheniere Energy, Inc. (NYSEAMERICAN:LNG) – Analysts at US Capital Advisors upped their FY2019 earnings per share estimates for Cheniere Energy in a report released on Wednesday. US Capital Advisors analyst J. Carreker now anticipates that the energy company will post earnings of $0.99 per share for the year, up from their prior estimate of $0.98.

Cheniere Energy (NYSEAMERICAN:LNG) last announced its earnings results on Tuesday, November 14th. The energy company reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($1.08). The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.27 billion. Cheniere Energy’s revenue was up 201.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.41) EPS.

Several other research analysts also recently commented on LNG. BMO Capital Markets initiated coverage on shares of Cheniere Energy in a research note on Monday, September 25th. They set an “outperform” rating and a $60.00 price target on the stock. BidaskClub raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Scotiabank reaffirmed a “buy” rating and issued a $52.00 target price on shares of Cheniere Energy in a research note on Wednesday, October 25th. JPMorgan Chase & Co. decreased their target price on shares of Cheniere Energy from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 1st. Finally, Citigroup lifted their target price on shares of Cheniere Energy from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. Cheniere Energy has a consensus rating of “Buy” and an average target price of $54.79.

Cheniere Energy (NYSEAMERICAN:LNG) traded up $0.15 during mid-day trading on Friday, hitting $55.46. 953,563 shares of the company’s stock traded hands, compared to its average volume of 2,130,477. The stock has a market capitalization of $13,000.00, a P/E ratio of -31.51 and a beta of 1.81. Cheniere Energy has a 52-week low of $40.36 and a 52-week high of $56.80.

Several hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new position in Cheniere Energy in the 2nd quarter worth about $121,000. Van ECK Associates Corp boosted its stake in Cheniere Energy by 11.7% in the 2nd quarter. Van ECK Associates Corp now owns 2,987 shares of the energy company’s stock worth $145,000 after purchasing an additional 312 shares in the last quarter. Atlantic Trust LLC bought a new position in Cheniere Energy in the 2nd quarter worth about $175,000. Shamrock Asset Management LLC bought a new position in Cheniere Energy in the 3rd quarter worth about $196,000. Finally, WINTON GROUP Ltd bought a new position in Cheniere Energy in the 2nd quarter worth about $203,000.

In other news, Director Vicky A. Bailey sold 5,800 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $54.44, for a total transaction of $315,752.00. Following the sale, the director now owns 35,765 shares in the company, 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 the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $49.15, for a total transaction of $983,000.00. Following the sale, the director now owns 2,464 shares in the company, valued at approximately $121,105.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,800 shares of company stock worth $2,299,152.

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About Cheniere Energy

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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