Brokers Set Expectations for Cheniere Energy, Inc.’s Q1 2018 Earnings (LNG)

Cheniere Energy, Inc. (NYSEAMERICAN:LNG) – Research analysts at US Capital Advisors boosted their Q1 2018 earnings per share estimates for shares of Cheniere Energy in a research note issued on Wednesday. US Capital Advisors analyst J. Carreker now forecasts that the energy company will post earnings of $0.78 per share for the quarter, up from their previous estimate of $0.56. US Capital Advisors also issued estimates for Cheniere Energy’s FY2018 earnings at $0.95 EPS.

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

A number of other research firms have also recently commented on LNG. Zacks Investment Research cut shares of Cheniere Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 2nd. Stifel Nicolaus began coverage on shares of Cheniere Energy in a research report on Thursday, January 4th. They issued a “buy” rating and a $65.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on shares of Cheniere Energy from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 1st. Cowen began coverage on shares of Cheniere Energy in a research report on Friday, November 17th. They set a “market perform” rating and a $56.00 price target on the stock. Finally, BidaskClub raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $54.79.

Cheniere Energy (NYSEAMERICAN:LNG) opened at $55.46 on Monday. Cheniere Energy has a 1 year low of $40.36 and a 1 year high of $56.80. The company has a market cap of $13,180.00, a PE ratio of -31.51 and a beta of 1.81.

Several institutional investors and hedge funds have recently made changes to their positions in LNG. Alliancebernstein L.P. grew its position in shares of Cheniere Energy by 4.8% during the second quarter. Alliancebernstein L.P. now owns 142,767 shares of the energy company’s stock worth $6,954,000 after acquiring an additional 6,481 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Cheniere Energy by 1.2% during the second quarter. Teachers Advisors LLC now owns 315,798 shares of the energy company’s stock worth $15,383,000 after acquiring an additional 3,891 shares during the last quarter. Amalgamated Bank grew its position in shares of Cheniere Energy by 91.0% during the second quarter. Amalgamated Bank now owns 20,703 shares of the energy company’s stock worth $1,008,000 after acquiring an additional 9,863 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Cheniere Energy by 2.3% during the second quarter. ProShare Advisors LLC now owns 20,976 shares of the energy company’s stock worth $1,022,000 after acquiring an additional 462 shares during the last quarter. Finally, New York State Common Retirement Fund grew its position in shares of Cheniere Energy by 11.2% during the second quarter. New York State Common Retirement Fund now owns 582,383 shares of the energy company’s stock worth $28,368,000 after acquiring an additional 58,499 shares during the last quarter.

In other news, Director Vicky A. Bailey sold 5,800 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 35,765 shares in the company, valued at $1,947,046.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David B. Kilpatrick sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $49.15, for a total transaction of $983,000.00. Following the transaction, the director now owns 2,464 shares in the company, valued at $121,105.60. The disclosure for this sale can be found here. Insiders sold 45,800 shares of company stock worth $2,299,152 over 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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