Cheniere Energy Target of Unusually High Options Trading (LNG)
Cheniere Energy (NYSE:LNG) saw unusually large options trading activity on Friday. Investors purchased 68,504 call options on the stock, AnalystRatings.Net reports. This is an increase of approximately 398% compared to the typical daily volume of 13,768 call options.
In other Cheniere Energy news, VP R Keith Teague sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $36.66, for a total value of $733,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on LNG. Analysts at Deutsche Bank raised their price target on shares of Cheniere Energy from $39.00 to $47.00 in a research note to investors on Wednesday, October 16th. They now have a “buy” rating on the stock. Separately, analysts at Clarkson Capital initiated coverage on shares of Cheniere Energy in a research note to investors on Wednesday, October 9th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $36.40.
Cheniere Energy (NYSE:LNG) opened at 39.00 on Monday. Cheniere Energy has a one year low of $13.85 and a one year high of $33.83. The stock has a 50-day moving average of $28.93 and a 200-day moving average of $27.79. The company’s market cap is $8.478 billion.
Cheniere Energy (NYSE:LNG) last announced its earnings results 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 $-0.90 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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