Insider Selling: Greg W. Rayford Sells 12,000 Shares of Cheniere Energy Stock (LNG)
Cheniere Energy (NYSE:LNG) VP Greg W. Rayford sold 12,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $57.80, for a total transaction of $693,600.00. Following the sale, the vice president now directly owns 890,406 shares of the company’s stock, valued at approximately $51,465,467. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
LNG has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $63.61.
Shares of Cheniere Energy (NYSE:LNG) traded down 0.52% during mid-day trading on Monday, hitting $57.49. The stock had a trading volume of 2,237,138 shares. Cheniere Energy has a 52-week low of $25.02 and a 52-week high of $59.39. The stock has a 50-day moving average of $56.55 and a 200-day moving average of $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) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.54) earnings per share. Cheniere Energy’s revenue was up 2.5% compared to the same quarter last year. Analysts expect that Cheniere Energy will post $-1.26 EPS for the current fiscal year.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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