Cheniere Energy (NYSE:LNG) Posts Quarterly Earnings Results, Misses Estimates By $0.17 EPS

Cheniere Energy (NYSE:LNG) announced its earnings results on Friday. The energy company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17), RTT News reports. The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The company’s quarterly revenue was down 41.8% on a year-over-year basis. During the same quarter last year, the business earned $6.89 EPS.

Cheniere Energy Stock Down 1.9 %

NYSE:LNG traded down $3.09 on Friday, reaching $157.54. The company’s stock had a trading volume of 3,959,078 shares, compared to its average volume of 1,812,543. Cheniere Energy has a 12-month low of $135.30 and a 12-month high of $183.46. The company has a 50 day moving average of $157.83. The firm has a market capitalization of $36.34 billion, a price-to-earnings ratio of 7.67 and a beta of 0.95. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.435 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.74 annualized dividend and a yield of 1.10%. Cheniere Energy’s dividend payout ratio (DPR) is 8.48%.

Analyst Ratings Changes

Several equities analysts have issued reports on LNG shares. StockNews.com downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. UBS Group cut their price objective on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. TD Cowen decreased their target price on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. Barclays upped their price objective on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a research note on Wednesday, January 17th. 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 research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Cheniere Energy 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.