Cheniere Energy Director Nuno Brandolini Unloads 2,500 Shares (LNG)
Cheniere Energy (NYSE:LNG) Director Nuno Brandolini sold 2,500 shares of the stock on the open market in a transaction dated Thursday, May 15th. The shares were sold at an average price of $57.10, for a total value of $142,750.00. Following the transaction, the director now directly owns 253,173 shares of the company’s stock, valued at approximately $14,456,178. The sale was disclosed in a filing with the SEC, which is available at this link.
Cheniere Energy (NYSE:LNG) traded down 0.52% on Monday, hitting $57.49. 2,237,138 shares of the company’s stock traded hands. 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 $56.55 and its 200-day moving average is $48.. The company’s market cap is $12.832 billion.
Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.23) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.27) by $0.04. The company had revenue of $67.55 million for the quarter, compared to the consensus estimate of $66.09 million. During the same quarter in the prior year, the company posted ($0.54) earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Analysts expect that Cheniere Energy will post $-1.26 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Cheniere Energy from $54.00 to $59.00 in a research note on Monday, May 5th. They now have an “equal weight” rating on the stock. They noted that the move was a valuation call. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Cheniere Energy in a research note on Thursday, April 17th. They now have a $62.00 price target on the stock. Finally, analysts at Morgan Stanley downgraded shares of Cheniere Energy to a “buy” rating in a research note on Wednesday, April 16th. They now have a $74.00 price target on the stock, up previously from $67.00. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Cheniere Energy has a consensus rating of “Hold” and an average target price of $63.61.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.