Cheniere Energy Target of Unusually Large Options Trading (LNG)
Shares of Cheniere Energy (NYSE:LNG) were the target of some unusual options trading activity on Wednesday. Stock traders bought 5,374 put options on the stock, American Banking News.com reports. This is an increase of 206% compared to the average volume of 1,756 put options.
Several analysts have recently commented on the stock. Analysts at Alembic Global Advisors initiated coverage on shares of Cheniere Energy in a research note on Wednesday. They set a “neutral” rating and a $83.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Cheniere Energy from $79.00 to $93.00 in a research note on Tuesday. They now have an “overweight” rating on the stock. Finally, analysts at Howard Weil initiated coverage on shares of Cheniere Energy in a research note on Thursday, August 14th. They set a “sector perform” rating and a $79.00 price target on the stock. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $74.20.
Cheniere Energy (NYSE:LNG) traded up 1.93% during mid-day trading on Wednesday, hitting $83.84. The stock had a trading volume of 8,633,018 shares. Cheniere Energy has a 52 week low of $28.36 and a 52 week high of $82.98. The stock has a 50-day moving average of $73.85 and a 200-day moving average of $62.80. The company’s market cap is $18.747 billion.
Cheniere Energy (NYSE:LNG) last released its earnings data on Thursday, July 31st. The company reported ($0.90) EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted ($0.71) earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. Analysts expect that Cheniere Energy will post $-1.44 EPS for the current fiscal year.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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