The stock of Cheniere Energy, Inc. (NYSEMKT:LNG) is a huge mover today! The stock decreased 3.42% or $1.49 during the last trading session, hitting $42.11. About 3.13M shares traded hands or 69.19% up from the average. Cheniere Energy, Inc. (NYSEMKT:LNG) has risen 20.21% since March 1, 2016 and is uptrending. It has outperformed by 8.00% the S&P500.
The move comes after 5 months negative chart setup for the $9.98 billion company. It was reported on Oct, 4 by Barchart.com. We have $39.58 PT which if reached, will make NYSEMKT:LNG worth $598.80M less.
Analysts await Cheniere Energy, Inc. (NYSEMKT:LNG) to report earnings on November, 4. They expect $-0.26 EPS, up 80.15% or $1.05 from last year’s $-1.31 per share. After $-0.68 actual EPS reported by Cheniere Energy, Inc. for the previous quarter, Wall Street now forecasts -61.76% EPS growth.
Cheniere Energy, Inc. (NYSEMKT:LNG) Ratings Coverage
Out of 8 analysts covering Cheniere Energy Inc (NYSEMKT:LNG), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. Cheniere Energy Inc has been the topic of 12 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Barclays Capital maintained Cheniere Energy, Inc. (NYSEMKT:LNG) rating on Monday, October 12. Barclays Capital has “Overweight” rating and $64 price target. The rating was initiated by Bernstein with “Market Perform” on Wednesday, May 11. The company was upgraded on Tuesday, February 23 by Goldman Sachs. The firm has “Outperform” rating given on Wednesday, August 5 by Credit Suisse. Global Hunter Securities initiated the stock with “Accumulate” rating in Thursday, July 23 report. Citigroup upgraded Cheniere Energy, Inc. (NYSEMKT:LNG) on Wednesday, January 13 to “Buy” rating. Barclays Capital maintained the shares of LNG in a report on Tuesday, September 6 with “Overweight” rating. As per Tuesday, June 14, the company rating was upgraded by Howard Weil.
According to Zacks Investment Research, “Cheniere Energy, Inc. is a Houston-based energy company primarily engaged in liquefied natural gas related businesses. The company owns and operates the Sabine Pass liquefied natural gas terminal in Louisiana through its 57.9% ownership interest in and management agreements with Cheniere Energy Partners, L.P. (Ticker: CQP), which is a publicly traded partnership that the company created in 2007. The Sabine Pass LNG terminal is located on the Sabine Pass deep water shipping channel less than four miles from the Gulf Coast.”
Insitutional Activity: The institutional sentiment decreased to 0.89 in 2016 Q2. Its down 0.31, from 1.2 in 2016Q1. The ratio dropped, as 40 funds sold all Cheniere Energy, Inc. shares owned while 110 reduced positions. 40 funds bought stakes while 93 increased positions. They now own 206.38 million shares or 6.90% less from 221.68 million shares in 2016Q1.
Citigroup Incorporated has 0.01% invested in the company for 377,387 shares. Cordasco Fin Net has 0.01% invested in the company for 125 shares. Arrowpoint Asset Ltd Limited Liability Company has 399,638 shares for 0.3% of their US portfolio. Commonwealth Equity holds 0.01% or 40,187 shares in its portfolio. Farmstead Limited Liability Com has 450,304 shares for 6.61% of their US portfolio. Fifth Third Retail Bank last reported 576 shares in the company. Dalton Invs Lc has invested 6.65% of its portfolio in Cheniere Energy, Inc. (NYSEMKT:LNG). Glg Lc last reported 0.17% of its portfolio in the stock. Commerzbank Aktiengesellschaft Fi accumulated 110,635 shares or 0.03% of the stock. Nomura Asset Mgmt Limited, a Japan-based fund reported 21,930 shares. Anchorage Group Incorporated Ltd Liability Corporation accumulated 2.58 million shares or 2.31% of the stock. California Pub Employees Retirement Systems last reported 0.03% of its portfolio in the stock. Capital Guardian Comm has invested 0% of its portfolio in Cheniere Energy, Inc. (NYSEMKT:LNG). The Alabama-based Weiss Multi has invested 0.03% in Cheniere Energy, Inc. (NYSEMKT:LNG). Jpmorgan Chase And accumulated 166,207 shares or 0% of the stock.
Insider Transactions: Since April 15, 2016, the stock had 5 insider purchases, and 5 selling transactions for $5.33 million net activity. 44,762 shares were bought by Fusco Jack A, worth $1.50M. The insider Rayford Greg W. sold $350,400. Another trade for 8,999 shares valued at $408,019 was sold by BRANDOLINI NUNO. 1,500 shares were sold by Wortley Michael J, worth $67,438. BOTTA G ANDREA also sold $405,339 worth of Cheniere Energy, Inc. (NYSEMKT:LNG) on Thursday, August 18.
More notable recent Cheniere Energy, Inc. (NYSEMKT:LNG) news were published by: Businesswire.com which released: “Robbins Arroyo LLP: Acquisition of Cheniere Energy Partners LP Holdings, LLC …” on October 03, 2016, also Fool.com with their article: “3 Reasons Cheniere Energy, Inc. Stock Could Rise” published on September 12, 2016, Marketwatch.com published: “Cheniere Energy buyout bid for Cheniere Partners Holdings values company at …” on September 30, 2016. More interesting news about Cheniere Energy, Inc. (NYSEMKT:LNG) were released by: Prnewswire.com and their article: “Cheniere Energy, Inc. Announces New Executive Leadership Team” published on September 19, 2016 as well as Seekingalpha.com‘s news article titled: “What About Cheniere Energy Going Bust?” with publication date: September 14, 2016.
LNG Company Profile
Cheniere Energy, Inc., incorporated on March 25, 1983, is an energy firm primarily engaged in liquefied natural gas (LNG) related businesses. The Firm operates through two divisions: LNG terminal business and LNG and natural gas marketing business The Firm 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 Firm owns approximately 100% of the general partner interest in Cheniere Partners and over 80% of Cheniere Energy Partners LP Holdings, LLC (Cheniere Holdings), which is a publicly traded limited liability firm that owns approximately 56% limited partner interest in Cheniere Partners.
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