Cheniere Energy, Inc. (NYSEAMERICAN:LNG) – Equities research analysts at US Capital Advisors upped their Q2 2019 earnings per share estimates for Cheniere Energy in a report released on Wednesday, July 17th. US Capital Advisors analyst J. Carreker now expects that the energy company will post earnings of $0.33 per share for the quarter, up from their prior estimate of $0.24. US Capital Advisors also issued estimates for Cheniere Energy’s Q3 2019 earnings at $0.47 EPS, Q4 2019 earnings at $0.73 EPS, FY2019 earnings at $2.08 EPS, Q1 2020 earnings at $0.99 EPS, Q2 2020 earnings at $0.57 EPS, Q3 2020 earnings at $0.90 EPS, Q4 2020 earnings at $1.10 EPS, FY2020 earnings at $3.56 EPS and FY2021 earnings at $3.47 EPS.
Several other research analysts have also recently weighed in on the stock. BTIG Research started coverage on shares of Farfetch in a research report on Tuesday, July 16th. They issued a “buy” rating and a $26.00 price objective for the company. Gabelli cut shares of Weatherford International from a “buy” rating to a “sell” rating in a research report on Monday, May 13th. Cowen set a $63.00 price objective on shares of TJX Companies and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Finally, Zacks Investment Research cut shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $77.80.
Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings data on Thursday, May 9th. The energy company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.25. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $1.90 billion. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.50 earnings per share.
A number of institutional investors have recently modified their holdings of LNG. Norges Bank acquired a new stake in Cheniere Energy in the fourth quarter valued at approximately $113,377,000. Millennium Management LLC lifted its holdings in shares of Cheniere Energy by 524.3% during the fourth quarter. Millennium Management LLC now owns 1,725,271 shares of the energy company’s stock worth $102,119,000 after purchasing an additional 1,448,922 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Cheniere Energy by 29.3% during the first quarter. The Manufacturers Life Insurance Company now owns 6,085,787 shares of the energy company’s stock worth $416,024,000 after purchasing an additional 1,378,792 shares during the period. American Century Companies Inc. lifted its holdings in shares of Cheniere Energy by 47.3% during the fourth quarter. American Century Companies Inc. now owns 2,724,014 shares of the energy company’s stock worth $161,234,000 after purchasing an additional 874,821 shares during the period. Finally, Key Square Capital Management LLC acquired a new position in shares of Cheniere Energy during the first quarter worth $38,754,000.
About Cheniere Energy
Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas. It also owns Creole Trail pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines; and operates Corpus Christi pipeline, a 23-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.
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