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Despite lower earnings, Cheniere Energy's stock gets a boost from institutional investors, with revenue up 28% to $5.44B.
Cheniere Energy Inc., which operates liquefied natural gas (LNG) facilities, saw its stock position boosted by institutional investors in the first quarter.
Despite a weaker earnings report, with EPS of $1.57 falling short of estimates, the company's revenue increased by 28.0% year-over-year to $5.44 billion.
Analysts predict an EPS of 11.69 for the year and the stock has a "Moderate Buy" rating with a target price of $258.36.
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A pesar de las ganancias más bajas, las acciones de Cheniere Energy reciben un impulso de los inversores institucionales, con un aumento de ingresos del 28% a $5.44B.