Cheniere Energy, Inc. (NYSE:LNG) to Post Q1 2024 Earnings of $2.04 Per Share, US Capital Advisors Forecasts

Cheniere Energy, Inc. (NYSE:LNG) – Analysts at US Capital Advisors decreased their Q1 2024 earnings estimates for shares of Cheniere Energy in a research note issued to investors on Monday, April 29th. US Capital Advisors analyst J. Carreker now forecasts that the energy company will post earnings of $2.04 per share for the quarter, down from their prior estimate of $2.35. The consensus estimate for Cheniere Energy’s current full-year earnings is $8.40 per share. US Capital Advisors also issued estimates for Cheniere Energy’s Q3 2024 earnings at $1.58 EPS, Q4 2024 earnings at $2.32 EPS, FY2024 earnings at $7.32 EPS, Q1 2025 earnings at $2.30 EPS, Q4 2025 earnings at $2.44 EPS and FY2025 earnings at $8.43 EPS.

Other equities research analysts have also issued reports about the company. UBS Group decreased their target price on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. TD Cowen decreased their price objective on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a report on Tuesday, February 27th. StockNews.com cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Redburn Atlantic began coverage on shares of Cheniere Energy in a report on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price target for the company. Finally, Barclays upped their price target on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy has an average rating of “Moderate Buy” and a consensus price target of $193.90.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $157.69 on Thursday. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59. The company has a market capitalization of $36.37 billion, a P/E ratio of 3.89 and a beta of 0.95. The company’s 50 day moving average is $157.83. Cheniere Energy has a fifty-two week low of $135.30 and a fifty-two week high of $183.46.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). The company had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The firm’s revenue for the quarter was down 41.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.89 earnings per share.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, May 9th. Cheniere Energy’s dividend payout ratio is presently 4.30%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LNG. HHM Wealth Advisors LLC acquired a new position in Cheniere Energy in the third quarter valued at approximately $25,000. Cooksen Wealth LLC purchased a new stake in Cheniere Energy during the fourth quarter worth $28,000. Whittier Trust Co. of Nevada Inc. grew its position in Cheniere Energy by 203.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock valued at $29,000 after buying an additional 118 shares during the period. Riverview Trust Co acquired a new stake in Cheniere Energy during the first quarter valued at $29,000. Finally, OFI Invest Asset Management purchased a new position in Cheniere Energy in the third quarter valued at $40,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

About Cheniere Energy

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.