Cheniere Energy (LNG) Set to Announce Quarterly Earnings on Thursday

Cheniere Energy (NYSE:LNG) will be releasing its earnings data before the market opens on Thursday, October 31st. Analysts expect Cheniere Energy to post earnings of $1.83 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. On average, analysts expect Cheniere Energy to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $182.63 on Wednesday. The business’s fifty day moving average is $183.03 and its two-hundred day moving average is $172.81. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02. The firm has a market cap of $41.81 billion, a P/E ratio of 8.90 and a beta of 0.94. Cheniere Energy has a 52 week low of $152.31 and a 52 week high of $193.16.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.10%. Cheniere Energy’s dividend payout ratio (DPR) is 8.48%.

Analysts Set New Price Targets

LNG has been the subject of several research reports. Barclays raised their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Royal Bank of Canada upped their price objective on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Stifel Nicolaus dropped their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Bank of America began coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target on the stock. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.