Insider Selling: Cheniere Energy CEO Sells 30,000 Shares of Stock (LNG)
Cheniere Energy (NYSE:LNG) CEO Charif Souki sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $80.90, for a total value of $2,427,000.00. Following the completion of the transaction, the chief executive officer now directly owns 5,960,207 shares of the company’s stock, valued at approximately $482,180,746. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Cheniere Energy (NYSE:LNG) traded down 2.43% during mid-day trading on Thursday, hitting $81.80. The stock had a trading volume of 5,125,580 shares. Cheniere Energy has a 52-week low of $28.90 and a 52-week high of $84.93. The stock has a 50-day moving average of $74.23 and a 200-day moving average of $62.96. The company’s market cap is $18.291 billion. Cheniere Energy also saw unusually large options trading activity on Wednesday. Traders purchased 5,374 put options on the company. This is an increase of approximately 206% compared to the average volume of 1,756 put options.
Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.90) earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted ($0.71) earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. Analysts expect that Cheniere Energy will post $-1.44 EPS for the current fiscal year.
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 assigned a buy rating to the stock. Cheniere Energy currently has an average rating of “Buy” and an average price target of $74.20.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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