US Capital Advisors Comments on Cheniere Energy, Inc.’s FY2019 Earnings (LNG)

Cheniere Energy, Inc. (NYSEAMERICAN:LNG) – Equities research analysts at US Capital Advisors issued their FY2019 EPS estimates for shares of Cheniere Energy in a note issued to investors on Thursday, Zacks Investment Research reports. US Capital Advisors analyst J. Carreker forecasts that the energy company will earn $0.98 per share for the year.

Several other research firms have also recently issued reports on LNG. Zacks Investment Research cut shares of Cheniere Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 2nd. Stifel Nicolaus began coverage on shares of Cheniere Energy in a report on Thursday, January 4th. They issued a “buy” rating and a $65.00 target price for the company. JPMorgan Chase & Co. cut their target price on shares of Cheniere Energy from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, November 1st. Cowen began coverage on shares of Cheniere Energy in a report on Friday, November 17th. They issued a “market perform” rating and a $56.00 target price for the company. Finally, BidaskClub raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $54.46.

Cheniere Energy (NYSEAMERICAN LNG) traded up $0.56 during trading on Friday, hitting $54.44. 2,334,500 shares of the stock traded hands, compared to its average volume of 2,347,575. The company has a market capitalization of $13,120.00, a PE ratio of -30.93 and a beta of 1.81. Cheniere Energy has a 52-week low of $40.36 and a 52-week high of $56.14.

Cheniere Energy (NYSEAMERICAN:LNG) last released its earnings results on Tuesday, November 14th. The energy company reported ($1.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($1.08). The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the firm posted ($0.41) EPS. The company’s revenue for the quarter was up 201.7% compared to the same quarter last year.

Institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. raised its holdings in Cheniere Energy by 899.3% in the third 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. Janus Henderson Group PLC boosted its position in Cheniere Energy by 22.1% in the second quarter. Janus Henderson Group PLC now owns 42,389 shares of the energy company’s stock valued at $2,065,000 after buying an additional 7,667 shares during the last quarter. Brookfield Asset Management Inc. boosted its position in Cheniere Energy by 43.3% in the second quarter. Brookfield Asset Management Inc. now owns 1,873,390 shares of the energy company’s stock valued at $91,253,000 after buying an additional 566,100 shares during the last quarter. Hennessy Advisors Inc. boosted its position in Cheniere Energy by 6.5% in the third quarter. Hennessy Advisors Inc. now owns 1,600,417 shares of the energy company’s stock valued at $72,083,000 after buying an additional 98,000 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in Cheniere Energy by 1.2% in the third quarter. Asset Management One Co. Ltd. now owns 368,680 shares of the energy company’s stock valued at $16,582,000 after buying an additional 4,247 shares during the last quarter.

In related news, Director David B. Kilpatrick sold 20,000 shares of Cheniere Energy stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $49.15, for a total value of $983,000.00. Following the completion of the sale, the director now directly owns 2,464 shares in the company, valued at $121,105.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vicky A. Bailey sold 5,800 shares of Cheniere Energy stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $54.44, for a total value of $315,752.00. Following the completion of the sale, the director now owns 35,765 shares of the company’s stock, valued at $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 over the last three months.

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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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