Cheniere Energy (LNG) was Upgraded by Scotia Howard Weil to ” Sector Outperform” and the brokerage firm has set the Price Target at $52. Earlier the firm had a rating of “Sector Perform ” on the company shares. Scotia Howard Weil advised their investors in a research report released on Jun 14, 2016.
Many Wall Street Analysts have commented on Cheniere Energy. Bernstein Initiated Cheniere Energy on May 11, 2016 to “Mkt Perform”, Price Target of the shares are set at $38.
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 closed down -2.33 points or -6.37% at $34.22 with 17,78,092 shares getting traded on Friday. Post opening the session at $36.08, the shares hit an intraday low of $34.22 and an intraday high of $36.1641 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Jun 8, 2016, Jack A Fusco (CEO) purchased 44,762 shares at $33.51 per share price. According to the SEC, on May 18, 2016, Greg W. Rayford (Sr. VP and General Counsel) sold 10,000 shares at $35.04 per share price. On Dec 23, 2015, Vicky A Bailey (director) sold 15,997 shares at $35.92 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.