Cheniere Energy (NYSE:LNG) Posts Earnings Results, Misses Expectations By $0.17 EPS

Cheniere Energy (NYSE:LNG) issued its earnings results on Friday. The energy company reported $2.13 earnings per share (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 business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same period last year, the business earned $6.89 EPS. The company’s revenue for the quarter was down 41.8% on a year-over-year basis.

Cheniere Energy Trading Down 1.9 %

NYSE:LNG traded down $3.09 during trading hours on Friday, hitting $157.54. 3,959,078 shares of the stock were exchanged, compared to its average volume of 1,812,543. The business’s fifty day simple moving average is $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 P/E ratio of 3.89 and a beta of 0.95. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 10th will be paid a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, May 9th. Cheniere Energy’s dividend payout ratio is presently 4.30%.

Analyst Ratings Changes

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

About Cheniere Energy

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.