Cheniere Energy Target of Unusually High Options Trading (LNG)
Shares of Cheniere Energy (NYSE:LNG) saw some unusual options trading activity on Thursday. Investors acquired 34,619 call options on the stock, StockRatingsNetwork.com reports. This is an increase of approximately 286% compared to the average daily volume of 8,974 call options.
In other Cheniere Energy news, CEO Charif Souki unloaded 30,000 shares of the stock on the open market in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $28.35, for a total value of $850,500.00. Following the completion of the sale, the chief executive officer now directly owns 7,307,920 shares in the company. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “hold” rating on shares of Cheniere Energy (NYSE:LNG) in a research note to investors on Tuesday, July 9th. Separately, analysts at Credit Suisse initiated coverage on shares of Cheniere Energy (NYSE:LNG) in a research note to investors on Tuesday, July 2nd. They set an “outperform” rating on the stock.
Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Cheniere Energy currently has a consensus rating of “Buy” and a consensus price target of $33.75.
Shares of Cheniere Energy (NYSE:LNG) traded up 3.53% during mid-day trading on Thursday, hitting $33.10. 10,294,040 shares of the company’s stock traded hands. Cheniere Energy has a 1-year low of $13.85 and a 1-year high of $32.00. The stock’s 50-day moving average is $28.69 and its 200-day moving average is $27.67. The company’s market cap is $7.196 billion.
Cheniere Energy (NYSE:LNG) last released its earnings data on Friday, August 2nd. The company reported ($0.71) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by $0.33. The company had revenue of $67.20 million for the quarter, compared to the consensus estimate of $66.10 million. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts expect that Cheniere Energy will post $-0.85 EPS for the current fiscal year.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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