Cheniere Energy (LNG) was Initiated by Bernstein to “Mkt Perform” and the brokerage firm has set the Price Target at $38. Bernstein advised their investors in a research report released on May 11, 2016.
Many Wall Street Analysts have commented on Cheniere Energy. Cheniere Energy was Initiated by JP Morgan to “Overweight” on Mar 4, 2016. Cheniere Energy was Upgraded by Goldman to ” Buy” on Feb 23, 2016.
On the company’s financial health, Cheniere Energy reported $-1.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.89 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $-0.52. The company had revenue of $69.08 million for the quarter, compared to analysts expectations of $63.25 million. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.18 EPS.
Cheniere Energy opened for trading at $32.17 and hit $33.59 on the upside on Tuesday, eventually ending the session at $33.49, with a gain of 4.17% or 1.34 points. The heightened volatility saw the trading volume jump to 21,29,559 shares. Company has a market cap of $7,887 M.
In a different news, on Apr 19, 2016, Greg W. Rayford (Sr. VP and General Counsel) sold 10,000 shares at $37.54 per share price. According to the SEC, on Dec 23, 2015, Vicky A Bailey (director) sold 15,997 shares at $35.92 per share price. On Dec 17, 2015, Charif Souki (director) sold 50,000 shares at $40.04 per share price, according to the Form-4 filing with the securities and exchange commission.
Cheniere Energy Inc. is an energy company engaged in Liquefied natural gas (LNG) businesses. The Company operates through two segments: LNG terminal business and LNG and natural gas marketing business The Company owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners L.P. (Cheniere Partners) which is a publicly traded limited partnership. The Company owns 100% of the general partner interest in Cheniere Partners and 80.1% of Cheniere Energy Partners LP Holdings LLC (Cheniere Holdings) which is a publicly traded limited liability company that owns a 55.9% limited partner interest in Cheniere Partners. The Company is engaged in the development of two LNG terminal projects: the Sabine Pass LNG terminal in western Cameron Parish Louisiana and the Corpus Christi LNG terminal near Corpus Christi Texas.