Cheniere Energy Target of Unusually Large Options Trading (LNG)
Cheniere Energy, Inc. (NYSE:LNG) was the recipient of unusually large options trading activity on Monday. Investors purchased 8,084 put options on the company. This represents an increase of approximately 300% compared to the average volume of 2,020 put options.
Cheniere Energy (NYSE:LNG) traded up 0.82% during mid-day trading on Monday, hitting $47.67. 1,247,504 shares of the company traded hands. The firm’s market capitalization is $11.08 billion. Cheniere Energy has a one year low of $33.37 and a one year high of $51.41. The firm has a 50 day moving average of $48.15 and a 200 day moving average of $46.00.
Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, May 4th. The energy company reported $0.23 EPS for the quarter, beating the consensus estimate of ($0.37) by $0.60. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $663.20 million. Cheniere Energy’s revenue was up 1655.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.41) EPS. Equities research analysts expect that Cheniere Energy will post $0.40 earnings per share for the current fiscal year.
A number of research analysts have issued reports on the stock. Barclays PLC increased their target price on shares of Cheniere Energy from $53.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 19th. Credit Suisse Group restated an “outperform” rating and set a $58.00 target price (up previously from $55.00) on shares of Cheniere Energy in a research report on Saturday, April 22nd. Zacks Investment Research lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 18th. Scotiabank restated a “buy” rating and set a $52.00 target price on shares of Cheniere Energy in a research report on Thursday, March 23rd. Finally, Morgan Stanley lowered shares of Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 target price on the stock. in a research report on Tuesday, June 13th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $53.69.
A number of institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp boosted its position in Cheniere Energy by 21.9% in the first quarter. Van ECK Associates Corp now owns 2,675 shares of the energy company’s stock worth $126,000 after buying an additional 480 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Cheniere Energy during the first quarter worth approximately $142,000. WFG Advisors LP boosted its position in Cheniere Energy by 113.8% in the fourth quarter. WFG Advisors LP now owns 1,067 shares of the energy company’s stock worth $154,000 after buying an additional 568 shares in the last quarter. Advisory Services Network LLC bought a new position in Cheniere Energy during the first quarter worth approximately $155,000. Finally, Toronto Dominion Bank boosted its position in Cheniere Energy by 13.9% in the first quarter. Toronto Dominion Bank now owns 3,685 shares of the energy company’s stock worth $174,000 after buying an additional 449 shares in the last quarter.
TRADEMARK VIOLATION WARNING: “Cheniere Energy Target of Unusually Large Options Trading (LNG)” was published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/06/19/cheniere-energy-target-of-unusually-large-options-trading-lng-2.html.
About Cheniere Energy
Cheniere Energy, Inc (Cheniere) is an energy company primarily engaged in liquefied natural gas (LNG)-related businesses. The Company operates through two segments: LNG terminal business, and LNG and natural gas marketing business. Its LNG terminal segment consists of the Sabine Pass and Corpus Christi LNG terminals.
Receive News & Ratings for Cheniere Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.