Q4 EPS Forecast for Cheniere Energy Increased by Analyst

Cheniere Energy, Inc. (NYSE:LNG) – Analysts at US Capital Advisors increased their Q4 2024 EPS estimates for shares of Cheniere Energy in a report issued on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now anticipates that the energy company will post earnings of $2.42 per share for the quarter, up from their previous estimate of $2.41. The consensus estimate for Cheniere Energy’s current full-year earnings is $11.26 per share.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. Cheniere Energy’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.37 earnings per share.

A number of other equities analysts also recently weighed in on LNG. Royal Bank of Canada boosted their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. UBS Group raised their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Stifel Nicolaus lowered their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. TD Cowen raised their price objective on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Barclays boosted their target price on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average target price of $212.89.

Cheniere Energy Trading Down 0.1 %

Shares of Cheniere Energy stock opened at $221.77 on Wednesday. The stock has a market cap of $49.76 billion, a P/E ratio of 14.16 and a beta of 0.94. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. Cheniere Energy has a 12-month low of $152.31 and a 12-month high of $225.44. The business’s 50 day moving average is $194.29 and its 200-day moving average is $180.07.

Cheniere Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is 12.77%.

Institutional Investors Weigh In On Cheniere Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. MCF Advisors LLC acquired a new position in Cheniere Energy in the 2nd quarter valued at $26,000. Lynx Investment Advisory acquired a new stake in Cheniere Energy during the second quarter worth about $27,000. Carolinas Wealth Consulting LLC increased its holdings in Cheniere Energy by 5,000.0% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after buying an additional 150 shares during the period. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Cheniere Energy in the 3rd quarter valued at approximately $27,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Cheniere Energy during the 3rd quarter worth approximately $28,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

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.