Cheniere Energy (LNG) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Cheniere Energy (NYSEAMERICAN:LNG) posted its quarterly earnings data on Thursday. The energy company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01), Briefing.com reports. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the previous year, the business earned ($1.24) EPS. Cheniere Energy’s revenue was up 29.7% compared to the same quarter last year.

Shares of Cheniere Energy stock opened at $62.35 on Friday. Cheniere Energy has a 52 week low of $46.00 and a 52 week high of $71.03.

LNG has been the subject of several research analyst reports. Goldman Sachs Group initiated coverage on shares of Cheniere Energy in a research report on Monday, October 8th. They issued a “neutral” rating and a $77.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of Cheniere Energy in a research report on Wednesday, October 31st. They issued an “overweight” rating for the company. Morgan Stanley upgraded shares of Cheniere Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $70.00 to $80.00 in a research report on Wednesday, September 26th. Bank of America restated a “buy” rating and issued a $79.00 price objective on shares of Cheniere Energy in a research report on Tuesday, August 28th. Finally, Scotiabank set a $82.00 price objective on shares of Cheniere Energy and gave the stock a “buy” rating in a research report on Monday, August 20th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $75.09.

In other Cheniere Energy news, Director David B. Kilpatrick sold 15,000 shares of the company’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $68.88, for a total transaction of $1,033,200.00. Following the completion of the sale, the director now owns 4,397 shares in the company, valued at approximately $302,865.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Several institutional investors have recently modified their holdings of the business. US Bancorp DE raised its position in shares of Cheniere Energy by 15.6% during the 2nd quarter. US Bancorp DE now owns 6,264 shares of the energy company’s stock valued at $409,000 after acquiring an additional 847 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Cheniere Energy by 1.3% during the 2nd quarter. Bessemer Group Inc. now owns 70,530 shares of the energy company’s stock valued at $4,598,000 after acquiring an additional 888 shares during the last quarter. Linscomb & Williams Inc. raised its position in shares of Cheniere Energy by 1.6% during the 3rd quarter. Linscomb & Williams Inc. now owns 56,275 shares of the energy company’s stock valued at $3,911,000 after acquiring an additional 900 shares during the last quarter. Stokes Capital Advisors LLC raised its position in shares of Cheniere Energy by 6.1% during the 3rd quarter. Stokes Capital Advisors LLC now owns 15,915 shares of the energy company’s stock valued at $1,106,000 after acquiring an additional 920 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Cheniere Energy by 1.4% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 70,192 shares of the energy company’s stock valued at $4,878,000 after acquiring an additional 997 shares during the last quarter.

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About Cheniere Energy

Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company operates in two segments, LNG Terminal Business, and LNG and Natural Gas Marketing. It owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.

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Earnings History for Cheniere Energy (NYSEAMERICAN:LNG)

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