Cheniere Energy (LNG) Scheduled to Post Earnings on Friday

Cheniere Energy (NYSE:LNG) is scheduled to release its earnings data before the market opens on Friday, May 3rd. Analysts expect Cheniere Energy to post earnings of $2.30 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, February 22nd. The energy company reported $5.76 EPS for the quarter, topping the consensus estimate of $2.70 by $3.06. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The firm had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same period in the prior year, the business posted $15.78 EPS. The business’s revenue for the quarter was down 46.9% compared to the same quarter last year. On average, analysts expect Cheniere Energy to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $159.53 on Friday. The business has a 50 day moving average of $157.98. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63. Cheniere Energy has a one year low of $135.30 and a one year high of $183.46. The firm has a market cap of $36.80 billion, a price-to-earnings ratio of 3.94 and a beta of 0.94.

Analysts Set New Price Targets

Several brokerages have recently commented on LNG. Barclays upped their price objective on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a report on Wednesday, January 17th. UBS Group reduced their target price on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a report on Wednesday. StockNews.com lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Redburn Atlantic assumed coverage on shares of Cheniere Energy in a report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 target price on the stock. Finally, TD Cowen reduced their target price on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.90.

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.