Insider Selling: Cheniere Energy SVP Sells 4,500 Shares of Stock (LNG)
Cheniere Energy (NYSE:LNG) SVP Katie Pipkin sold 4,500 shares of Cheniere Energy stock on the open market in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $54.59, for a total transaction of $245,655.00. Following the transaction, the senior vice president now directly owns 260,056 shares in the company, valued at approximately $14,196,457. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Cheniere Energy (NYSE:LNG) traded up 0.82% during mid-day trading on Thursday, hitting $55.28. The stock had a trading volume of 3,004,195 shares. Cheniere Energy has a 52-week low of $25.02 and a 52-week high of $59.39. The stock’s 50-day moving average is $53.65 and its 200-day moving average is $44.85. The company’s market cap is $12.328 billion. Cheniere Energy also was the recipient of some unusual options trading on Monday. Investors purchased 38,173 call options on the company. This is an increase of 112% compared to the average daily volume of 17,993 call options.
Cheniere Energy (NYSE:LNG) last announced its earnings results on Friday, February 21st. The company reported ($0.61) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.38) by $0.23. The company had revenue of $68.19 million for the quarter, compared to the consensus estimate of $65.29 million. On average, analysts predict that Cheniere Energy will post $-1.42 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Cheniere Energy in a research note on Thursday. They now have a $62.00 price target on the stock. Separately, analysts at Morgan Stanley downgraded shares of Cheniere Energy to a “buy” rating in a research note on Wednesday. They now have a $74.00 price target on the stock, up previously from $67.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Cheniere Energy in a research note on Wednesday. They now have a $74.00 price target on the stock, up previously from $67.00. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $64.47.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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