Equities Analysts Issue Forecasts for Cheniere Energy, Inc.’s Q3 2018 Earnings (LNG)

Cheniere Energy, Inc. (NYSEAMERICAN:LNG) – Investment analysts at US Capital Advisors increased their Q3 2018 EPS estimates for shares of Cheniere Energy in a report released on Friday, April 6th. US Capital Advisors analyst J. Carreker now forecasts that the energy company will post earnings of $0.05 per share for the quarter, up from their prior estimate of $0.04. US Capital Advisors also issued estimates for Cheniere Energy’s FY2019 earnings at $1.10 EPS.

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A number of other equities analysts have also commented on the stock. TheStreet raised shares of Cheniere Energy from a “d+” rating to a “c” rating in a research report on Wednesday, February 21st. Guggenheim reaffirmed a “buy” rating on shares of Cheniere Energy in a research report on Friday, February 16th. Scotiabank reaffirmed a “buy” rating and set a $65.00 price target on shares of Cheniere Energy in a research report on Monday, January 29th. Zacks Investment Research raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Barclays reaffirmed a “buy” rating and set a $62.00 price target on shares of Cheniere Energy in a research report on Friday, January 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $59.08.

NYSEAMERICAN LNG opened at $54.36 on Monday. Cheniere Energy has a 52-week low of $40.36 and a 52-week high of $60.22.

Cheniere Energy (NYSEAMERICAN:LNG) last posted its earnings results on Wednesday, February 21st. The energy company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.19. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.54 billion. The business’s quarterly revenue was up 205.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 EPS.

A number of hedge funds have recently added to or reduced their stakes in LNG. The Manufacturers Life Insurance Company increased its holdings in Cheniere Energy by 188.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,451,732 shares of the energy company’s stock valued at $185,841,000 after buying an additional 2,255,582 shares during the period. Kensico Capital Management Corp grew its holdings in shares of Cheniere Energy by 8.7% during the 3rd quarter. Kensico Capital Management Corp now owns 12,185,000 shares of the energy company’s stock valued at $548,812,000 after purchasing an additional 973,400 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Cheniere Energy by 899.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,050,944 shares of the energy company’s stock valued at $47,335,000 after purchasing an additional 945,777 shares during the last quarter. Tortoise Capital Advisors L.L.C. grew its holdings in shares of Cheniere Energy by 15.3% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 6,058,373 shares of the energy company’s stock valued at $272,869,000 after purchasing an additional 804,825 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Cheniere Energy by 179.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,173,500 shares of the energy company’s stock valued at $63,181,000 after purchasing an additional 753,900 shares during the last quarter.

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Cheniere Energy Company Profile

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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