Cheniere Energy (LNG) is Reiterated by Barclays to Overweight, Lowers Price Target to $ 53

Cheniere Energy (LNG) was Reiterated by Barclays to “Overweight” while Lowering the Price Target of the company shares to $ 53 from a previous price target of $64 . Barclays advised their investors in a research report released on Sep 6, 2016.

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.

On the company’s financial health, Cheniere Energy reported $-0.61 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $-0.49. The company had revenue of $176.80 million for the quarter, compared to analysts expectations of $64.08 million. The company’s revenue was up 160.0% compared to the same quarter last year.

Cheniere Energy closed down -0.23 points or -0.54% at $42.67 with 14,69,499 shares getting traded on Thursday. Post opening the session at $42.64, the shares hit an intraday low of $42.37 and an intraday high of $43.39 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Aug 19, 2016, Nuno Brandolini (director) sold 8,999 shares at $45.34 per share price. According to the SEC, on Aug 19, 2016, G Andrea Botta (director) sold 9,018 shares at $44.95 per share price. On Aug 19, 2016, Michael J Wortley (Sr VP and CFO) sold 1,500 shares at $44.96 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.

Cheniere Energy

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