Cheniere Energy (NYSE:LNG) Announces Earnings Results

Cheniere Energy (NYSE:LNG) released its earnings results on Friday. The energy company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.17), RTT News reports. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the business posted $6.89 EPS. The firm’s revenue was down 41.8% on a year-over-year basis.

Cheniere Energy Trading Down 1.9 %

Shares of NYSE LNG opened at $157.54 on Monday. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63. The company has a 50-day simple moving average of $157.83. Cheniere Energy has a 52 week low of $135.30 and a 52 week high of $183.46. The firm has a market cap of $36.34 billion, a PE ratio of 7.67 and a beta of 0.95.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Thursday, May 9th. Cheniere Energy’s dividend payout ratio (DPR) is presently 8.48%.

Wall Street Analyst Weigh In

LNG has been the subject of a number of recent analyst reports. UBS Group reduced their price objective on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Redburn Atlantic assumed coverage on Cheniere Energy in a report on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price target for the company. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. TD Cowen cut their price objective on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research report on Tuesday, February 27th. Finally, Barclays boosted their target price on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and an average price target of $193.90.

Cheniere Energy Company Profile

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.