Cheniere Energy (NYSE:LNG) Issues Quarterly Earnings Results, Beats Expectations By $1.59 EPS

Cheniere Energy (NYSE:LNG) released its quarterly earnings results on Thursday. The energy company reported $4.33 EPS for the quarter, topping the consensus estimate of $2.74 by $1.59, Zacks reports. The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%.

Cheniere Energy Trading Down 2.7 %

Shares of LNG opened at $220.90 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $223.08 and a 200-day simple moving average of $203.61. The stock has a market cap of $49.56 billion, a price-to-earnings ratio of 15.52 and a beta of 0.98. Cheniere Energy has a 1-year low of $152.31 and a 1-year high of $257.65.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.91%. Cheniere Energy’s payout ratio is 14.05%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LNG shares. The Goldman Sachs Group lifted their target price on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Scotiabank raised their price target on Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Barclays raised their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. TD Cowen increased their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, StockNews.com raised shares of Cheniere Energy from a “hold” rating to a “buy” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $235.75.

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.