Q2 2024 Earnings Estimate for Cheniere Energy, Inc. (NYSE:LNG) Issued By US Capital Advisors

Cheniere Energy, Inc. (NYSE:LNG) – Equities research analysts at US Capital Advisors cut their Q2 2024 earnings per share estimates for shares of Cheniere Energy in a report released on Tuesday, May 21st. US Capital Advisors analyst J. Carreker now anticipates that the energy company will earn $1.37 per share for the quarter, down from their prior estimate of $1.38. The consensus estimate for Cheniere Energy’s current full-year earnings is $8.44 per share. US Capital Advisors also issued estimates for Cheniere Energy’s Q1 2025 earnings at $2.07 EPS, Q2 2025 earnings at $1.71 EPS and FY2026 earnings at $11.54 EPS.

A number of other research analysts have also recently issued reports on LNG. TD Cowen reduced their price objective on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a report on Tuesday, February 27th. Redburn Atlantic began coverage on Cheniere Energy in a research note on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price target for the company. Stifel Nicolaus increased their price objective on Cheniere Energy from $204.00 to $208.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. JPMorgan Chase & Co. lifted their target price on Cheniere Energy from $213.00 to $214.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Finally, UBS Group lowered their price target on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $198.00.

Cheniere Energy Trading Down 1.1 %

Shares of LNG stock opened at $157.16 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 2.58. The company’s fifty day simple moving average is $158.57. Cheniere Energy has a 12 month low of $135.30 and a 12 month high of $183.46. The company has a market cap of $35.98 billion, a price-to-earnings ratio of 7.66 and a beta of 0.95.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Friday, May 3rd. The energy company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.17). Cheniere Energy had a net margin of 28.55% and a return on equity of 48.19%. The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the firm earned $6.89 EPS. The company’s revenue was down 41.8% compared to the same quarter last year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 10th were given a dividend of $0.435 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.74 annualized dividend and a yield of 1.11%. Cheniere Energy’s payout ratio is currently 8.48%.

Institutional Trading of Cheniere Energy

A number of large investors have recently added to or reduced their stakes in the stock. Mutual Advisors LLC grew its stake in shares of Cheniere Energy by 1.0% during the 3rd quarter. Mutual Advisors LLC now owns 6,224 shares of the energy company’s stock worth $1,033,000 after acquiring an additional 64 shares during the period. Xcel Wealth Management LLC lifted its stake in Cheniere Energy by 3.4% in the fourth quarter. Xcel Wealth Management LLC now owns 1,961 shares of the energy company’s stock worth $335,000 after acquiring an additional 65 shares during the period. Keene & Associates Inc. raised its position in shares of Cheniere Energy by 3.8% in the 1st quarter. Keene & Associates Inc. now owns 1,798 shares of the energy company’s stock worth $290,000 after acquiring an additional 65 shares in the last quarter. Winch Advisory Services LLC grew its stake in shares of Cheniere Energy by 11.4% in the third quarter. Winch Advisory Services LLC now owns 647 shares of the energy company’s stock worth $107,000 after acquiring an additional 66 shares during the last quarter. Finally, Simon Quick Advisors LLC increased its position in shares of Cheniere Energy by 3.1% during the fourth quarter. Simon Quick Advisors LLC now owns 2,182 shares of the energy company’s stock valued at $373,000 after acquiring an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

About Cheniere Energy

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.