Cheniere Energy VP Sells $1,673,500 in Stock (LNG)
Cheniere Energy (NYSE:LNG) VP R Keith Teague unloaded 25,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $66.94, for a total transaction of $1,673,500.00. Following the completion of the sale, the vice president now directly owns 976,591 shares in the company, valued at approximately $65,373,002. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Cheniere Energy (NYSE:LNG) traded up 0.10% during mid-day trading on Wednesday, hitting $68.80. 1,579,873 shares of the company’s stock traded hands. Cheniere Energy has a 1-year low of $25.02 and a 1-year high of $69.40. The stock has a 50-day moving average of $61.04 and a 200-day moving average of $51.69. The company’s market cap is $15.357 billion. Cheniere Energy also saw some unusual options trading on Monday. Stock traders purchased 7,084 put options on the company. This represents an increase of approximately 143% compared to the average daily volume of 2,919 put options.
Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data 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. On average, analysts predict that Cheniere Energy will post $-1.23 earnings per share for the current fiscal year.
LNG has been the subject of a number of recent research reports. Analysts at Raymond James initiated coverage on shares of Cheniere Energy in a research note on Tuesday, June 10th. They set a “market perform” rating on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Cheniere Energy in a research note on Monday, June 2nd. They now have a $75.00 price target on the stock, up previously from $65.00. Finally, analysts at Goldman Sachs raised their price target on shares of Cheniere Energy to $70.00 in a research note on Friday, May 30th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $65.66.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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