US Capital Advisors Weighs in on Cheniere Energy, Inc.’s Q4 2019 Earnings (LNG)

Cheniere Energy, Inc. (NYSEAMERICAN:LNG) – Research analysts at US Capital Advisors issued their Q4 2019 earnings estimates for shares of Cheniere Energy in a research note issued to investors on Wednesday, January 16th. US Capital Advisors analyst C. Crosby expects that the energy company will post earnings per share of $1.65 for the quarter.

Several other analysts have also weighed in on LNG. Guggenheim restated a “buy” rating and issued a $85.00 price objective on shares of Cheniere Energy in a report on Tuesday, December 4th. UBS Group began coverage on Cheniere Energy in a report on Thursday, January 3rd. They issued a “buy” rating and a $72.00 price objective for the company. JPMorgan Chase & Co. began coverage on Cheniere Energy in a report on Wednesday, October 31st. They issued an “overweight” rating for the company. Barclays set a $78.00 price objective on Cheniere Energy and gave the company a “buy” rating in a report on Friday, October 12th. Finally, Goldman Sachs Group started coverage on Cheniere Energy in a report on Monday, October 8th. They set a “neutral” rating and a $77.00 target price for the company. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $76.08.

Shares of Cheniere Energy stock opened at $64.80 on Monday. Cheniere Energy has a fifty-two week low of $50.08 and a fifty-two week high of $71.03.

Cheniere Energy (NYSEAMERICAN:LNG) last announced its quarterly earnings data on Thursday, November 8th. The energy company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.61 billion. The firm’s revenue for the quarter was up 29.7% on a year-over-year basis. During the same period last year, the business posted ($1.24) EPS.

In other Cheniere Energy news, General Counsel Sean N. Markowitz acquired 1,700 shares of Cheniere Energy stock in a transaction that occurred on Wednesday, November 14th. The stock was purchased at an average cost of $59.10 per share, with a total value of $100,470.00. Following the purchase, the general counsel now owns 57,643 shares in the company, valued at $3,406,701.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jack A. Fusco acquired 15,000 shares of Cheniere Energy stock in a transaction that occurred on Wednesday, November 14th. The stock was acquired at an average cost of $59.20 per share, with a total value of $888,000.00. Following the completion of the purchase, the insider now owns 564,599 shares in the company, valued at approximately $33,424,260.80. The disclosure for this purchase can be found here.

A number of institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue lifted its stake in Cheniere Energy by 1.1% in the 4th quarter. State of Alaska Department of Revenue now owns 27,283 shares of the energy company’s stock worth $1,614,000 after acquiring an additional 289 shares in the last quarter. Stokes Capital Advisors LLC increased its position in Cheniere Energy by 5.5% in the 4th quarter. Stokes Capital Advisors LLC now owns 16,785 shares of the energy company’s stock worth $994,000 after purchasing an additional 870 shares during the last quarter. Linscomb & Williams Inc. increased its position in Cheniere Energy by 1.6% in the 3rd quarter. Linscomb & Williams Inc. now owns 56,275 shares of the energy company’s stock worth $3,911,000 after purchasing an additional 900 shares during the last quarter. DNB Asset Management AS increased its position in Cheniere Energy by 3.3% in the 4th quarter. DNB Asset Management AS now owns 29,851 shares of the energy company’s stock worth $1,767,000 after purchasing an additional 957 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Cheniere Energy by 1.4% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 70,192 shares of the energy company’s stock worth $4,878,000 after purchasing an additional 997 shares during the last quarter.

About Cheniere Energy

Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company operates in two segments, LNG Terminal Business, and LNG and Natural Gas Marketing. It owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.

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