Insider Selling: Cheniere Energy Director Sells 10,000 Shares of Stock (LNG)
Cheniere Energy (NYSE:LNG) Director John M. Deutch sold 10,000 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $72.03, for a total value of $720,300.00. Following the transaction, the director now directly owns 54,436 shares in the company, valued at approximately $3,921,025. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Cheniere Energy (NYSE:LNG) traded up 0.07% on Wednesday, hitting $70.53. The stock had a trading volume of 2,323,944 shares. Cheniere Energy has a one year low of $26.72 and a one year high of $76.46. The stock’s 50-day moving average is $71.41 and its 200-day moving average is $58.62. The company’s market cap is $15.771 billion.
Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.90) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.33) by $0.57. The company had revenue of $67.65 million for the quarter, compared to the consensus estimate of $66.44 million. During the same quarter last year, the company posted ($0.71) earnings per share. Cheniere Energy’s revenue was up .6% compared to the same quarter last year. On average, analysts predict that Cheniere Energy will post $-1.19 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. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $65.66.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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