US Capital Advisors Comments on Cheniere Energy, Inc.’s Q1 2024 Earnings (NYSE:LNG)

Cheniere Energy, Inc. (NYSE:LNG) – Equities researchers at US Capital Advisors dropped their Q1 2024 EPS estimates for shares of Cheniere Energy in a note issued to investors on Monday, April 29th. US Capital Advisors analyst J. Carreker now expects that the energy company will post earnings of $2.04 per share for the quarter, down from their previous forecast of $2.35. The consensus estimate for Cheniere Energy’s current full-year earnings is $8.39 per share. US Capital Advisors also issued estimates for Cheniere Energy’s Q3 2024 earnings at $1.58 EPS, Q4 2024 earnings at $2.32 EPS, FY2024 earnings at $7.32 EPS, Q1 2025 earnings at $2.30 EPS, Q4 2025 earnings at $2.44 EPS and FY2025 earnings at $8.43 EPS.

A number of other research firms also recently commented on LNG. TD Cowen reduced 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. Barclays upped their price objective on Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a research note on Wednesday, January 17th. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. UBS Group dropped their price target on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Finally, 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 price objective for the company. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $193.90.

Cheniere Energy Trading Down 0.5 %

LNG stock opened at $156.99 on Thursday. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.63 and a quick ratio of 1.51. The stock’s 50 day moving average is $157.77. The firm has a market capitalization of $36.21 billion, a P/E ratio of 3.88 and a beta of 0.95. Cheniere Energy has a twelve month low of $135.30 and a twelve month high of $183.46.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $3.06. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. 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 prior year, the business posted $15.78 earnings per share. Cheniere Energy’s revenue for the quarter was down 46.9% on a year-over-year basis.

Institutional Trading of Cheniere Energy

Several large investors have recently added to or reduced their stakes in LNG. HHM Wealth Advisors LLC bought a new position in shares of Cheniere Energy in the third quarter worth $25,000. Cooksen Wealth LLC bought a new position in Cheniere Energy in the 4th quarter valued at about $28,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Cheniere Energy by 203.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock worth $29,000 after buying an additional 118 shares in the last quarter. Riverview Trust Co acquired a new stake in shares of Cheniere Energy in the 1st quarter worth approximately $29,000. Finally, OFI Invest Asset Management bought a new position in shares of Cheniere Energy in the third quarter valued at approximately $40,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be given a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, May 9th. Cheniere Energy’s dividend payout ratio (DPR) is 4.30%.

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.