FY2019 Earnings Estimate for Cheniere Energy, Inc. Issued By US Capital Advisors (LNG)

Cheniere Energy, Inc. (NYSEAMERICAN:LNG) – Research analysts at US Capital Advisors upped their FY2019 earnings per share (EPS) estimates for shares of Cheniere Energy in a research note issued on Wednesday. US Capital Advisors analyst J. Carreker now forecasts that the energy company will earn $0.99 per share for the year, up from their prior forecast of $0.98.

Cheniere Energy (NYSEAMERICAN:LNG) last issued its quarterly earnings data on Tuesday, November 14th. The energy company reported ($1.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($1.08). The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.27 billion. The business’s revenue was up 201.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.41) EPS.

A number of other research firms have also recently commented on LNG. Zacks Investment Research upgraded Cheniere Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, January 8th. JPMorgan Chase & Co. lowered their target price on Cheniere Energy from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, November 1st. BidaskClub upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Scotiabank restated a “buy” rating and issued a $52.00 target price on shares of Cheniere Energy in a research note on Wednesday, October 25th. Finally, Stifel Nicolaus initiated coverage on Cheniere Energy in a research note on Thursday, January 4th. They issued a “buy” rating and a $65.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. Cheniere Energy currently has an average rating of “Buy” and an average price target of $54.79.

Shares of Cheniere Energy (LNG) traded up $0.15 during mid-day trading on Friday, hitting $55.46. The stock had a trading volume of 953,563 shares, compared to its average volume of 2,210,000. The company has a market cap of $13,180.00, a price-to-earnings ratio of -31.51 and a beta of 1.81. Cheniere Energy has a 12-month low of $40.36 and a 12-month high of $56.80.

In other Cheniere Energy news, Director Nuno Brandolini sold 20,000 shares of Cheniere Energy stock in a transaction on Friday, December 15th. The stock was sold at an average price of $50.02, for a total transaction of $1,000,400.00. Following the completion of the transaction, the director now owns 232,271 shares in the company, valued at $11,618,195.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vicky A. Bailey sold 5,800 shares of Cheniere Energy stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $54.44, for a total value of $315,752.00. Following the transaction, the director now owns 35,765 shares of the company’s stock, valued at approximately $1,947,046.60. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock valued at $2,299,152 in the last quarter.

Several institutional investors have recently bought and sold shares of LNG. FMR LLC increased its holdings in shares of Cheniere Energy by 482.7% in the 2nd quarter. FMR LLC now owns 6,741,287 shares of the energy company’s stock worth $328,368,000 after purchasing an additional 5,584,446 shares in the last quarter. CI Investments Inc. bought a new stake in shares of Cheniere Energy in the 3rd quarter worth $120,279,000. Cohen & Steers Inc. increased its holdings in shares of Cheniere Energy by 92.1% in the 3rd quarter. Cohen & Steers Inc. now owns 2,655,409 shares of the energy company’s stock worth $119,600,000 after purchasing an additional 1,273,441 shares in the last quarter. Kensico Capital Management Corp increased its holdings in shares of Cheniere Energy by 8.7% in the 3rd quarter. Kensico Capital Management Corp now owns 12,185,000 shares of the energy company’s stock worth $548,812,000 after purchasing an additional 973,400 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of Cheniere Energy by 899.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,050,944 shares of the energy company’s stock worth $47,335,000 after purchasing an additional 945,777 shares in the last quarter.

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About Cheniere Energy

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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