-$0.15 Earnings Per Share Expected for Cheniere Energy, Inc. (LNG) This Quarter
Wall Street analysts expect Cheniere Energy, Inc. (NYSE:LNG) to announce ($0.15) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Cheniere Energy’s earnings. The lowest EPS estimate is ($0.44) and the highest is $0.05. Cheniere Energy reported earnings of ($0.68) per share in the same quarter last year, which indicates a positive year over year growth rate of 77.9%. The firm is scheduled to report its next quarterly earnings report on Tuesday, August 8th.
On average, analysts expect that Cheniere Energy will report full-year earnings of ($0.13) per share for the current year, with EPS estimates ranging from ($0.24) to ($0.03). For the next fiscal year, analysts forecast that the business will post earnings of $0.56 per share, with EPS estimates ranging from ($0.01) to $1.15. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Cheniere Energy.
Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, May 4th. The energy company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.60. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $663.20 million. The firm’s revenue was up 1655.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.41) earnings per share.
A number of research analysts have weighed in on LNG shares. Guggenheim started coverage on shares of Cheniere Energy in a research note on Monday, April 17th. They issued a “buy” rating and a $54.00 target price on the stock. Credit Suisse Group restated an “outperform” rating and set a $58.00 price target (up from $55.00) on shares of Cheniere Energy in a research note on Saturday, April 22nd. Scotiabank restated a “buy” rating and set a $52.00 price target on shares of Cheniere Energy in a research note on Thursday, March 23rd. Zacks Investment Research cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 18th. Finally, Morgan Stanley cut shares of Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 price target on the stock. in a research note on Tuesday, June 13th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $54.08.
Cheniere Energy (NYSE LNG) traded up 1.46% on Monday, reaching $48.10. 806,731 shares of the company’s stock traded hands. The stock’s market cap is $11.18 billion. Cheniere Energy has a 52-week low of $35.07 and a 52-week high of $51.41. The company’s 50 day moving average is $48.55 and its 200-day moving average is $46.40.
Hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp increased its position in Cheniere Energy by 21.9% in the first quarter. Van ECK Associates Corp now owns 2,675 shares of the energy company’s stock valued at $126,000 after buying an additional 480 shares during the period. State of Alaska Department of Revenue bought a new position in Cheniere Energy during the first quarter valued at approximately $142,000. Advisory Services Network LLC bought a new position in Cheniere Energy during the first quarter valued at approximately $155,000. Toronto Dominion Bank increased its position in Cheniere Energy by 13.9% in the first quarter. Toronto Dominion Bank now owns 3,685 shares of the energy company’s stock valued at $174,000 after buying an additional 449 shares during the period. Finally, Regentatlantic Capital LLC bought a new position in Cheniere Energy during the first quarter valued at approximately $201,000.
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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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