Q3 2024 EPS Estimates for Cheniere Energy, Inc. Decreased by US Capital Advisors (NYSE:LNG)

Cheniere Energy, Inc. (NYSE:LNG) – US Capital Advisors lowered their Q3 2024 earnings estimates for Cheniere Energy in a note issued to investors on Tuesday, May 21st. US Capital Advisors analyst J. Carreker now forecasts that the energy company will earn $1.51 per share for the quarter, down from their prior estimate of $1.58. The consensus estimate for Cheniere Energy’s current full-year earnings is $8.44 per share. US Capital Advisors also issued estimates for Cheniere Energy’s Q4 2024 earnings at $2.16 EPS, FY2024 earnings at $7.21 EPS, Q3 2025 earnings at $1.95 EPS, Q4 2025 earnings at $2.74 EPS and FY2025 earnings at $8.45 EPS.

Several other equities research analysts have also recently weighed in on LNG. StockNews.com cut Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Redburn Atlantic assumed coverage on shares of Cheniere Energy in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price objective for the company. Stifel Nicolaus boosted their price target on shares of Cheniere Energy from $204.00 to $208.00 and gave the company a “buy” rating in a report on Monday, May 6th. TD Cowen dropped their price objective on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 27th. Finally, UBS Group reduced their price objective on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $198.00.

Cheniere Energy Stock Performance

Shares of NYSE LNG opened at $157.16 on Thursday. Cheniere Energy has a 52-week low of $135.30 and a 52-week high of $183.46. The stock has a market capitalization of $35.98 billion, a price-to-earnings ratio of 7.66 and a beta of 0.95. The company has a 50 day moving average price of $158.57. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 2.58.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Friday, May 3rd. The energy company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Cheniere Energy had a return on equity of 48.19% and a net margin of 28.55%. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the company earned $6.89 earnings per share. Cheniere Energy’s revenue was down 41.8% on a year-over-year basis.

Institutional Investors Weigh In On Cheniere Energy

A number of large investors have recently modified their holdings of the business. Sapient Capital LLC acquired a new stake in Cheniere Energy in the 4th quarter worth approximately $1,283,000. Mackenzie Financial Corp lifted its position in Cheniere Energy by 28.9% during the 4th quarter. Mackenzie Financial Corp now owns 198,555 shares of the energy company’s stock worth $33,895,000 after acquiring an additional 44,508 shares during the period. Oak Thistle LLC acquired a new stake in Cheniere Energy during the 4th quarter worth about $1,144,000. Rheos Capital Works Inc. purchased a new stake in Cheniere Energy during the 4th quarter valued at about $8,894,000. Finally, Riverstone Advisors LLC increased its holdings in shares of Cheniere Energy by 3.6% in the fourth quarter. Riverstone Advisors LLC now owns 14,882 shares of the energy company’s stock valued at $2,540,000 after purchasing an additional 513 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 10th were given a $0.435 dividend. The ex-dividend date was Thursday, May 9th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.11%. Cheniere Energy’s payout ratio is 8.48%.

Cheniere Energy Company Profile

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.