Traders Purchase High Volume of Cheniere Energy Call Options (LNG)
Shares of Cheniere Energy (NYSE:LNG) saw some unusual options trading on Friday. Traders bought 53,725 call options on the stock, AnalystRatingsNetwork.com reports. This represents an increase of approximately 366% compared to the typical volume of 11,532 call options.
In other Cheniere Energy news, VP R Keith Teague unloaded 20,000 shares of the company’s stock on the open market in a transaction dated Monday, September 16th. The stock was sold at an average price of $32.75, for a total value of $655,000.00. Following the transaction, the vice president now directly owns 1,211,932 shares in the company, valued at approximately $39,690,773. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on LNG shares. Analysts at TheStreet reiterated a “hold” rating on shares of Cheniere Energy (NYSE:LNG) in a research note to investors on Tuesday, July 9th. 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $33.75.
Cheniere Energy (NYSE:LNG) opened at 30.82 on Monday. Cheniere Energy has a 1-year low of $13.85 and a 1-year high of $33.83. The stock has a 50-day moving average of $29.4 and a 200-day moving average of $28.17. The company’s market cap is $6.700 billion.
Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Friday, August 2nd. The company reported ($0.71) EPS for the quarter, missing the Thomson Reuters 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 quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts predict that Cheniere Energy will post $-0.86 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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