Cheniere Energy, Inc. (NYSEAMERICAN:LNG) released its quarterly earnings results on Tuesday. The energy company reported ($1.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($1.08), Briefing.com reports. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.27 billion. The company’s revenue was up 201.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.41) earnings per share.
Cheniere Energy (NYSEAMERICAN:LNG) traded up $0.40 during midday trading on Wednesday, hitting $48.90. The company’s stock had a trading volume of 947,829 shares, compared to its average volume of 2,150,000. Cheniere Energy has a 52 week low of $36.41 and a 52 week high of $51.51.
LNG has been the topic of a number of recent analyst reports. Scotiabank reaffirmed a “buy” rating and set a $52.00 price target on shares of Cheniere Energy in a report on Wednesday, October 25th. Zacks Investment Research cut Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub raised Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. BMO Capital Markets initiated coverage on Cheniere Energy in a report on Monday, September 25th. They set an “outperform” rating and a $60.00 target price on the stock. Finally, J P Morgan Chase & Co dropped their target price on Cheniere Energy from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. Cheniere Energy has an average rating of “Buy” and an average price target of $52.61.
In related news, insider Jack A. Fusco purchased 23,750 shares of the company’s stock in a transaction on Monday, September 11th. The shares were bought at an average price of $42.32 per share, with a total value of $1,005,100.00. Following the completion of the acquisition, the insider now owns 399,985 shares of the company’s stock, valued at $16,927,365.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
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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