Cheniere Energy (NYSE:LNG) Announces Quarterly Earnings Results

Cheniere Energy (NYSE:LNG - Get Free Report) announced its earnings results on Thursday. The energy company reported $4.33 EPS for the quarter, topping analysts' consensus estimates of $2.74 by $1.59, Zacks reports. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.44 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%.

Cheniere Energy Stock Performance

NYSE LNG traded down $6.02 during trading hours on Friday, reaching $220.90. The stock had a trading volume of 2,487,404 shares, compared to its average volume of 2,424,408. The stock has a fifty day moving average of $222.92 and a 200 day moving average of $203.27. The stock has a market cap of $49.56 billion, a P/E ratio of 14.11 and a beta of 0.98. Cheniere Energy has a 52-week low of $152.31 and a 52-week high of $257.65. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 0.91%. Cheniere Energy's dividend payout ratio is currently 14.05%.

Wall Street Analysts Forecast Growth

LNG has been the subject of a number of recent research reports. Stifel Nicolaus boosted their target price on shares of Cheniere Energy from $237.00 to $255.00 and gave the stock a "buy" rating in a report on Friday. Morgan Stanley boosted their target price on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. TD Cowen boosted their target price on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Scotiabank upped their price objective on shares of Cheniere Energy from $242.00 to $247.00 and gave the company a "sector outperform" rating in a report on Tuesday, January 21st. Finally, Barclays upped their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $235.75.

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.