Cheniere Energy, Inc. (LNG) Set to Announce Earnings on Tuesday
Cheniere Energy, Inc. (NYSE:LNG) will post its quarterly earnings results before the market opens on Tuesday, August 8th. Analysts expect Cheniere Energy to post earnings of $0.01 per share for the quarter.
Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, May 4th. The energy company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.37) by $0.60. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $663.20 million. During the same period in the previous year, the firm earned ($1.41) EPS. The business’s revenue was up 1655.1% compared to the same quarter last year. On average, analysts expect Cheniere Energy to post $0.62 EPS for the current fiscal year and $1.20 EPS for the next fiscal year.
Shares of Cheniere Energy, Inc. (NYSE:LNG) opened at 44.68 on Friday. The company’s market cap is $10.38 billion. The firm has a 50-day moving average price of $47.05 and a 200-day moving average price of $47.10. Cheniere Energy, Inc. has a 1-year low of $35.07 and a 1-year high of $51.41.
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Several research firms have recently weighed in on LNG. Barclays PLC raised their target price on Cheniere Energy from $53.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday, April 19th. Zacks Investment Research cut Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 19th. Scotiabank set a $52.00 price target on Cheniere Energy and gave the company a “buy” rating in a report on Friday, July 21st. Morgan Stanley cut Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 price target for the company. in a report on Tuesday, June 13th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $58.00 price target (up previously from $55.00) on shares of Cheniere Energy in a report on Saturday, April 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $54.08.
Cheniere Energy Company Profile
Cheniere Energy, Inc (Cheniere) is an energy company primarily engaged in liquefied natural gas (LNG)-related businesses. The Company operates through two segments: LNG terminal business, and LNG and natural gas marketing business. Its LNG terminal segment consists of the Sabine Pass and Corpus Christi LNG terminals.
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