Cheniere Energy (NYSE:LNG) Releases Quarterly Earnings Results, Beats Estimates By $2.06 EPS

Cheniere Energy (NYSE:LNG) issued its quarterly earnings results on Thursday. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06, Briefing.com reports. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the company earned $2.37 EPS. Cheniere Energy’s revenue was down 9.5% on a year-over-year basis.

Cheniere Energy Stock Down 1.9 %

Shares of LNG stock traded down $3.71 on Friday, hitting $187.67. 2,041,105 shares of the stock were exchanged, compared to its average volume of 1,765,696. The business has a 50-day moving average of $183.22 and a 200 day moving average of $173.00. Cheniere Energy has a fifty-two week low of $152.31 and a fifty-two week high of $193.16. The firm has a market capitalization of $42.46 billion, a P/E ratio of 10.20 and a beta of 0.94. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63.

Cheniere Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, November 8th. Cheniere Energy’s dividend payout ratio is 9.28%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Barclays lifted their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Stifel Nicolaus dropped their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Royal Bank of Canada increased their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Bank of America assumed coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 target price for the company. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

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.