Insider Selling: John Deutch Sells 25,000 Shares of Cheniere Energy Stock (LNG)
Cheniere Energy (NYSE:LNG) Director John Deutch unloaded 25,000 shares of the stock on the open market in a transaction dated Friday, October 25th. The shares were sold at an average price of $38.90, for a total transaction of $972,500.00. Following the completion of the transaction, the director now directly owns 62,436 shares in the company, valued at approximately $2,428,760. The sale 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 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 analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Cheniere Energy currently has an average rating of “Buy” and an average target price of $36.40.
Cheniere Energy (NYSE:LNG) traded up 2.44% on Tuesday, hitting $39.88. 2,843,006 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 $28.93 and its 200-day moving average is $27.79. The company’s market cap is $8.670 billion.
Cheniere Energy (NYSE:LNG) last posted its quarterly 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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