Cheniere Energy, Inc. (NYSEAMERICAN:LNG) Director Vicky A. Bailey sold 5,800 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $54.44, for a total transaction of $315,752.00. Following the sale, the director now owns 35,765 shares of the company’s stock, valued at approximately $1,947,046.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Cheniere Energy, Inc. (NYSEAMERICAN LNG) traded up $0.56 during mid-day trading on Thursday, hitting $54.44. 2,334,576 shares of the company’s stock were exchanged, compared to its average volume of 2,347,572. Cheniere Energy, Inc. has a 12-month low of $40.36 and a 12-month high of $56.14. The stock has a market capitalization of $13,120.00, a PE ratio of -30.93 and a beta of 1.81.
Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings data on Tuesday, November 14th. The energy company reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($1.08). The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the firm earned ($0.41) EPS. The company’s revenue for the quarter was up 201.7% on a year-over-year basis.
A number of research analysts have recently commented on LNG shares. JPMorgan Chase & Co. reduced their price target on shares of Cheniere Energy from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Cheniere Energy from a “strong sell” rating to a “hold” rating in a research report on Monday. BidaskClub upgraded shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Stifel Nicolaus started coverage on shares of Cheniere Energy in a research report on Thursday, January 4th. They set a “buy” rating and a $65.00 price target for the company. Finally, Cowen started coverage on shares of Cheniere Energy in a report on Friday, November 17th. They set a “market perform” rating and a $56.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $54.46.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC purchased a new stake in Cheniere Energy in the second quarter worth about $121,000. Van ECK Associates Corp grew its holdings in Cheniere Energy by 11.7% in the second quarter. Van ECK Associates Corp now owns 2,987 shares of the energy company’s stock worth $145,000 after purchasing an additional 312 shares during the period. Atlantic Trust LLC purchased a new stake in Cheniere Energy in the second quarter worth about $175,000. Fiduciary Trust Co. purchased a new stake in Cheniere Energy in the second quarter worth about $188,000. Finally, WINTON GROUP Ltd purchased a new stake in Cheniere Energy in the second quarter worth about $203,000.
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About Cheniere Energy
Cheniere Energy, Inc (Cheniere) is an energy company primarily engaged in liquefied natural gas (LNG)-related businesses. The Company operates through two segments: LNG terminal business, and LNG and natural gas marketing business. Its LNG terminal segment consists of the Sabine Pass and Corpus Christi LNG terminals.
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