Insider Selling: Cheniere Energy VP Sells 20,000 Shares of Stock (LNG)
Cheniere Energy (NYSE:LNG) VP R Keith Teague unloaded 20,000 shares of Cheniere Energy stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $32.75, for a total transaction of $655,000.00. Following the sale, the vice president now directly owns 1,211,932 shares in the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on LNG. 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $33.75.
Shares of Cheniere Energy (NYSE:LNG) traded down 0.43% during mid-day trading on Wednesday, hitting $32.15. 4,029,684 shares of the company’s stock traded hands. Cheniere Energy has a 52-week low of $13.85 and a 52-week high of $33.83. The stock’s 50-day moving average is $29.13 and its 200-day moving average is $28.04. The company’s market cap is $6.989 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. On average, analysts predict that Cheniere Energy will post $-0.92 earnings per share for the current fiscal year.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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