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

Cheniere Energy, Inc. (NYSE:LNG) – US Capital Advisors reduced their Q2 2024 earnings per share (EPS) estimates for shares of Cheniere Energy in a research note issued 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 $8.54 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.

Several other brokerages have also issued reports on LNG. UBS Group decreased their target price 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. JPMorgan Chase & Co. raised 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. Stifel Nicolaus raised their target price on Cheniere Energy from $204.00 to $208.00 and gave the company a “buy” rating in a research report on Monday, May 6th. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Finally, TD Cowen decreased their price objective on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $198.00.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock opened at $158.78 on Wednesday. Cheniere Energy has a 1 year low of $135.30 and a 1 year high of $183.46. The stock has a market cap of $36.35 billion, a price-to-earnings ratio of 7.73 and a beta of 0.95. The company’s fifty day simple moving average is $158.59. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 2.58.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Sapient Capital LLC bought a new position in Cheniere Energy in the 4th quarter worth about $1,283,000. Mackenzie Financial Corp boosted its stake in Cheniere Energy by 28.9% in the 4th quarter. Mackenzie Financial Corp now owns 198,555 shares of the energy company’s stock worth $33,895,000 after purchasing an additional 44,508 shares during the period. Oak Thistle LLC bought a new position in Cheniere Energy in the 4th quarter worth about $1,144,000. Rheos Capital Works Inc. bought a new stake in shares of Cheniere Energy during the 4th quarter valued at about $8,894,000. Finally, Riverstone Advisors LLC boosted its position in shares of Cheniere Energy by 3.6% during the 4th quarter. Riverstone Advisors LLC now owns 14,882 shares of the energy company’s stock valued at $2,540,000 after acquiring an additional 513 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 10th were paid a $0.435 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.74 annualized dividend and a yield of 1.10%. Cheniere Energy’s dividend payout ratio is currently 8.48%.

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.