Equities Analysts Set Expectations for Cheniere Energy, Inc.’s Q2 2024 Earnings (NYSEAMERICAN:LNG)

Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Get Rating) – Stock analysts at US Capital Advisors boosted their Q2 2024 earnings per share (EPS) estimates for shares of Cheniere Energy in a note issued to investors on Friday, May 19th. US Capital Advisors analyst J. Carreker now anticipates that the energy company will post earnings per share of $3.06 for the quarter, up from their prior estimate of $2.97. The consensus estimate for Cheniere Energy’s current full-year earnings is $16.23 per share. US Capital Advisors also issued estimates for Cheniere Energy’s Q3 2024 earnings at $3.14 EPS and Q4 2024 earnings at $4.14 EPS.

A number of other analysts have also weighed in on LNG. TheStreet upgraded shares of Cheniere Energy from a “c+” rating to a “b” rating in a report on Wednesday, May 3rd. StockNews.com raised shares of Cheniere Energy from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 4th. Royal Bank of Canada decreased their target price on shares of Cheniere Energy from $205.00 to $200.00 and set an “outperform” rating for the company in a research note on Monday, April 3rd. Scotiabank started coverage on shares of Cheniere Energy in a research note on Thursday, March 2nd. They set a “sector outperform” rating and a $194.00 target price for the company. Finally, Raymond James decreased their target price on shares of Cheniere Energy from $205.00 to $200.00 and set a “strong-buy” rating for the company in a research note on Friday, April 21st. Ten equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $202.08.

Cheniere Energy Stock Down 0.5 %

Cheniere Energy stock opened at $141.18 on Monday. Cheniere Energy has a 52 week low of $120.09 and a 52 week high of $182.35. The company’s 50 day moving average price is $153.03 and its two-hundred day moving average price is $155.92. The stock has a market cap of $34.38 billion, a P/E ratio of 24.64, a P/E/G ratio of 0.30 and a beta of 1.01.

Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The energy company reported $15.78 earnings per share for the quarter, beating the consensus estimate of $4.89 by $10.89. Cheniere Energy had a net margin of 4.27% and a negative return on equity of 488.45%. The business had revenue of $9.09 billion for the quarter, compared to analysts’ expectations of $8.72 billion.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 17th. Shareholders of record on Wednesday, May 10th were issued a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a yield of 1.12%. The ex-dividend date was Tuesday, May 9th. Cheniere Energy’s payout ratio is 27.57%.

Institutional Investors Weigh In On Cheniere Energy

Hedge funds have recently modified their holdings of the business. Scotia Capital Inc. increased its position in Cheniere Energy by 5.0% during the first quarter. Scotia Capital Inc. now owns 1,428 shares of the energy company’s stock worth $225,000 after purchasing an additional 68 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in Cheniere Energy by 0.8% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,810 shares of the energy company’s stock worth $1,321,000 after purchasing an additional 70 shares during the last quarter. Veracity Capital LLC increased its position in Cheniere Energy by 3.6% during the first quarter. Veracity Capital LLC now owns 2,185 shares of the energy company’s stock worth $344,000 after purchasing an additional 75 shares during the last quarter. Edge Capital Group LLC increased its position in Cheniere Energy by 6.0% during the third quarter. Edge Capital Group LLC now owns 1,333 shares of the energy company’s stock worth $221,000 after purchasing an additional 76 shares during the last quarter. Finally, Valley National Advisers Inc. increased its position in Cheniere Energy by 12.5% during the fourth quarter. Valley National Advisers Inc. now owns 684 shares of the energy company’s stock worth $102,000 after purchasing an additional 76 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Company Profile

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Cheniere Energy, Inc engages in liquefied natural gas (LNG) related businesses. It owns and operates LNG terminals, develops, constructs, and operates liquefaction projects near Corpus Christi, Texas, and at the Sabine Pass LNG terminal. The company was founded by Charif Souki in 1996 and is headquartered in Houston, TX.