Insider Selling: Cheniere Energy VP Sells 20,000 Shares of Stock (LNG)
Cheniere Energy (NYSE:LNG) VP R Keith Teague sold 20,000 shares of the stock on the open market in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $54.69, for a total value of $1,093,800.00. Following the completion of the transaction, the vice president now directly owns 1,021,591 shares in the company, valued at approximately $55,870,812. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
LNG has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Cheniere Energy presently has a consensus rating of “Buy” and an average price target of $64.47.
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 1-year low of $25.02 and a 1-year 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 target of some unusual options trading on Monday. Stock investors acquired 38,173 call options on the stock. This represents an increase of 112% compared to the average 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. Analysts expect that Cheniere Energy will post $-1.42 EPS for the current fiscal year.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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