Cheniere Energy (NYSEMKT:LNG) : The consensus price target for Cheniere Energy (NYSEMKT:LNG) is $53 for the short term with a standard deviation of $10.55. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $65, however, the pessimist price target for the company is $38.
Other Equity analysts have also commented on the company shares. In a research note released to the investors, Scotia Howard Weil upgrades its rating on Cheniere Energy (NYSEMKT:LNG).The analysts at the brokerage house have a current rating of Sector Outperform on the shares. Earlier, the shares were rated a Sector Perform by the brokerage firm. The rating by the firm was issued on June 14, 2016.
Cheniere Energy (NYSEMKT:LNG): stock turned positive on Thursday. Though the stock opened at $35.95, the bulls momentum made the stock top out at $37.73 level for the day. The stock recorded a low of $35.63 and closed the trading day at $37.67, in the green by 6.26%. The total traded volume for the day was 3,675,745. The stock had closed at $35.45 in the previous days trading.
The company shares have dropped -49.74% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $72.80 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $34.04 and the 200 Day Moving Average price is recorded at $34.41. On the companys insider trading activities, Fusco Jack A, CEO of Cheniere Energy Inc, executed a transaction worth $930,776 on June 15, 2016. A total of 28,231 shares were purchased at an average price of $32.97. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.