Cheniere Energy (LNG) Set to Announce Earnings on Friday

Cheniere Energy (NYSE:LNG) will release its earnings data before the market opens on Friday, May 3rd. Analysts expect Cheniere Energy to post earnings of $2.30 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $3.06. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The firm had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the previous year, the firm posted $15.78 EPS. The company’s revenue for the quarter was down 46.9% compared to the same quarter last year. On average, analysts expect Cheniere Energy to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Cheniere Energy Price Performance

Shares of LNG stock opened at $157.86 on Wednesday. Cheniere Energy has a 1 year low of $135.30 and a 1 year high of $183.46. The company’s fifty day simple moving average is $157.92. 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 market cap of $36.41 billion, a P/E ratio of 3.90 and a beta of 0.94.

Cheniere Energy Announces Dividend

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Redburn Atlantic assumed coverage on shares of Cheniere Energy in a report on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 target price for the company. StockNews.com cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. TD Cowen decreased their price target 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. Barclays upped their target price on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. Finally, UBS Group decreased their target price on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock 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.