On August 8, Cheniere declined 3.03% in regular trading, trading at $257.85/share, with turnover of $336 million. The pullback follows a post-earnings rally earlier in the week as profit-taking set in alongside broad sector weakness.
Cheniere reported Q2 adjusted EPS of $3.02, marginally missing the consensus estimate of $3.04 by 0.66%. However, quarterly revenue of $5.732 billion significantly beat the $4.895 billion estimate by 17.10%, and GAAP EPS surged to $14.65 from $7.30 a year earlier. On earnings day, shares had rallied approximately 3.4%, but the slight EPS miss provided a catalyst for subsequent selling pressure.
Within the Oil & Gas Storage & Transportation sector, the overall sector declined broadly. Among individual stocks, Targa Resources down 4.49%, ONEOK down 1.79%, Williams down 1.76%, Energy Transfer LP down 0.71%, Enbridge down 0.36%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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