Cheniere Energy (LNG) reported quarterly earnings results on Tuesday, Aug-9-2016. The company reported $-0.61 earnings per share for the quarter, missing the analyst consensus estimate by $-0.12. Analysts had a consensus of $-0.49. The company posted revenue of $176.80 million in the period, compared to analysts expectations of $64.08 million. The company’s revenue was up 160.0% compared to the same quarter last year.
Many Wall Street Analysts have commented on Cheniere Energy. Scotia Howard Weil Upgraded Cheniere Energy on Jun 14, 2016 to ” Sector Outperform”, Price Target of the shares are set at $52.
Cheniere Energy opened for trading at $42.79 and hit $43.76 on the upside on Monday, eventually ending the session at $42.96, with a gain of 1.97% or 0.83 points. The heightened volatility saw the trading volume jump to 33,75,650 shares. Company has a market cap of $10,117 M.
In a different news, on Jul 19, 2016, Jack A Fusco (CEO) purchased 37,604 shares at $39.89 per share price. According to the SEC, on Jun 27, 2016, Meg Gentle (Executive VP – Marketing) sold 300,000 shares at $35.40 per share price. On May 18, 2016, Greg W. Rayford (Sr. VP and General Counsel) sold 10,000 shares at $35.04 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.