Cheniere Energy (NYSE:LNG) Issues Quarterly Earnings Results, Misses Expectations By $0.17 EPS

Cheniere Energy (NYSE:LNG - Get Free Report) announced its earnings results on Friday. The energy company reported $2.13 EPS for the quarter, missing analysts' consensus estimates of $2.30 by ($0.17), RTT News reports. The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $3.97 billion. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. Cheniere Energy's quarterly revenue was down 41.8% compared to the same quarter last year. During the same quarter last year, the company posted $6.89 EPS.

Cheniere Energy Price Performance

NYSE LNG traded down $3.09 during mid-day trading on Friday, hitting $157.54. The company's stock had a trading volume of 3,959,078 shares, compared to its average volume of 1,812,543. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59. Cheniere Energy has a 52-week low of $135.30 and a 52-week high of $183.46. The company has a fifty day moving average price of $157.83. The stock has a market cap of $36.34 billion, a price-to-earnings ratio of 3.89 and a beta of 0.95.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors 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 (DPR) is presently 4.30%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an "overweight" rating in a research report on Wednesday, January 17th. TD Cowen reduced their price target on Cheniere Energy from $185.00 to $178.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 27th. Redburn Atlantic began coverage on Cheniere Energy in a research report on Tuesday, April 16th. They issued a "neutral" rating and a $162.00 price objective for the company. StockNews.com downgraded Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Monday, April 8th. Finally, UBS Group lowered their price target on Cheniere Energy from $223.00 to $206.00 and set a "buy" rating for the company in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Cheniere Energy presently has a consensus rating of "Moderate Buy" and an average price target of $193.90.

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.