Cheniere Energy (NYSE:LNG) Releases Quarterly Earnings Results, Beats Expectations By $11.57 EPS

Cheniere Energy (NYSE:LNGGet Free Report) issued its earnings results on Wednesday. The energy company reported $14.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $11.57, FiscalAI reports. The business had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $4.84 billion. Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.The company’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the firm posted $7.30 EPS.

Cheniere Energy Stock Up 3.6%

Shares of LNG traded up $9.19 during trading hours on Thursday, reaching $263.95. The company’s stock had a trading volume of 2,134,522 shares, compared to its average volume of 1,738,462. The firm has a market cap of $55.31 billion, a price-to-earnings ratio of 43.41 and a beta of -0.01. Cheniere Energy has a 1-year low of $186.20 and a 1-year high of $300.89. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. The company has a 50 day moving average of $247.87 and a two-hundred day moving average of $246.23.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th will be issued a $0.555 dividend. The ex-dividend date is Monday, August 10th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. Cheniere Energy’s dividend payout ratio is currently 36.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Zacks Research raised Cheniere Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Barclays upped their price objective on shares of Cheniere Energy from $271.00 to $274.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Wall Street Zen upgraded shares of Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Cheniere Energy from $327.00 to $334.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cheniere Energy presently has a consensus rating of “Buy” and an average target price of $298.88.

View Our Latest Stock Report on Cheniere Energy

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LNG. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Cheniere Energy during the 3rd quarter valued at $27,000. Strive Financial Group LLC purchased a new position in shares of Cheniere Energy during the 4th quarter valued at $25,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Cheniere Energy in the fourth quarter worth $39,000. Itau Unibanco Holding S.A. acquired a new position in shares of Cheniere Energy in the fourth quarter worth $53,000. Finally, Prosperity Bancshares Inc purchased a new stake in shares of Cheniere Energy during the fourth quarter worth $58,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Cheniere Energy

Here are the key news stories impacting Cheniere Energy this week:

Cheniere Energy Company Profile

(Get Free Report)

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.

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Earnings History for Cheniere Energy (NYSE:LNG)

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