Cheniere Energy (LNG) : Traders are bullish on Cheniere Energy (LNG) as it has outperformed the S&P 500 by a wide margin of 9.12% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.71%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.68% in the last 1 week, and is up 9.54% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Cheniere Energy, Inc. is up 32.94% in the last 3-month period. Year-to-Date the stock performance stands at 20.81%. The stock has recorded a 20-day Moving Average of 6.96% and the 50-Day Moving Average is 15.81%.
Cheniere Energy (NYSEMKT:LNG): The stock opened at $45.25 on Friday but the bulls could not build on the opening and the stock topped out at $45.57 for the day. The stock traded down to $44.77 during the day, due to lack of any buying support eventually closed down at $45.00 with a loss of -1.34% for the day. The stock had closed at $45.61 on the previous day. The total traded volume was 1,764,271 shares.
Also, Wolfe Research initiates coverage on Cheniere Energy (NYSEMKT:LNG). The current rating of the shares is Outperform, according to the research report released by the firm. The rating by the firm was issued on June 22, 2016.
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.