The stock of Cheniere Energy, Inc. (NYSEMKT:LNG) is a huge mover today! About 1.97 million shares traded hands. Cheniere Energy, Inc. (NYSEMKT:LNG) has declined 0.36% since April 27, 2016 and is downtrending. It has underperformed by 5.58% the S&P500.
The move comes after 9 months positive chart setup for the $9.44B company. It was reported on Nov, 30 by Barchart.com. We have $44.38 PT which if reached, will make NYSEMKT:LNG worth $755.20M more.
Analysts await Cheniere Energy, Inc. (NYSEMKT:LNG) to report earnings on February, 17. They expect $-0.32 EPS, up 68.63% or $0.70 from last year’s $-1.02 per share. After $-0.41 actual EPS reported by Cheniere Energy, Inc. for the previous quarter, Wall Street now forecasts -21.95% 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. Credit Suisse initiated Cheniere Energy, Inc. (NYSEMKT:LNG) rating on Wednesday, August 5. Credit Suisse has “Outperform” rating and $86 price target. The firm has “Market Perform” rating given on Wednesday, May 11 by Bernstein. Global Hunter Securities initiated it with “Accumulate” rating and $76 target price in Thursday, July 23 report. Goldman Sachs upgraded the shares of LNG in a report on Tuesday, February 23 to “Buy” rating. Barclays Capital maintained Cheniere Energy, Inc. (NYSEMKT:LNG) rating on Tuesday, September 6. Barclays Capital has “Overweight” rating and $53.0 price target. Howard Weil upgraded the shares of LNG in a report on Tuesday, June 14 to “Sector Outperform” rating. On Wednesday, January 13 the stock rating was upgraded by Citigroup to “Buy”. The rating was maintained by Barclays Capital on Monday, October 12 with “Overweight”.
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 increased to 1.03 in 2016 Q2. Its up 0.14, from 0.89 in 2016Q1. The ratio increased, 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.
Van Eck Assoc accumulated 2,878 shares or 0% of the stock. Vanguard Group accumulated 15.75 million shares or 0.04% of the stock. The Texas-based Tph Asset Mngmt Llc has invested 0.34% in Cheniere Energy, Inc. (NYSEMKT:LNG). California Pub Employees Retirement accumulated 457,700 shares or 0.03% of the stock. Old West Inv Management Limited Co has 208,589 shares for 5.72% of their US portfolio. The New York-based Anchorage Capital Grp Ltd Liability Corporation has invested 2.31% in Cheniere Energy, Inc. (NYSEMKT:LNG). Gulf National Bank & Trust (Uk) Ltd holds 0.04% of its portfolio in Cheniere Energy, Inc. (NYSEMKT:LNG) for 66,760 shares. Teachers Advsr accumulated 275,858 shares or 0.02% of the stock. Private Advisor Group Limited Liability Corporation owns 7,606 shares or 0.01% of their US portfolio. Moreover, Us Commercial Bank De has 0% invested in Cheniere Energy, Inc. (NYSEMKT:LNG) for 3,596 shares. Twin Tree Management L P, a Texas-based fund reported 19,541 shares. Rhumbline Advisers holds 0.02% of its portfolio in Cheniere Energy, Inc. (NYSEMKT:LNG) for 174,099 shares. Valinor L P, a New York-based fund reported 7.19M shares. New York State Common Retirement Fund has invested 0.04% of its portfolio in Cheniere Energy, Inc. (NYSEMKT:LNG). Cornerstone Advisors reported 736 shares or 0.03% of all its holdings.
Insider Transactions: Since June 6, 2016, the stock had 9 insider buys, and 4 selling transactions for $7.86 million net activity. Another trade for 28,231 shares valued at $930,660 was bought by Fusco Jack A. $408,019 worth of Cheniere Energy, Inc. (NYSEMKT:LNG) shares were sold by BRANDOLINI NUNO. 1,500 shares with value of $54,270 were bought by Markowitz Sean N on Friday, November 11. 20,000 Cheniere Energy, Inc. (NYSEMKT:LNG) shares with value of $796,587 were sold by LEHOTSKY Ed. BOTTA G ANDREA had sold 9,018 shares worth $405,339. On Wednesday, August 17 the insider Wortley Michael J sold $67,438. The insider MERKSAMER SAMUEL J. bought $480,195.
More important recent Cheniere Energy, Inc. (NYSEMKT:LNG) news were published by: Prnewswire.com which released: “Cheniere Energy, Inc. Reports Third Quarter 2016 Results” on November 03, 2016, also Seekingalpha.com published article titled: “Cheniere Energy: Expect Strong Long-Term Gains”, Nasdaq.com published: “Cheniere Energy Inc (LNG) President and CEO Jack A Fusco Bought $575764 of Shares” on November 15, 2016. More interesting news about Cheniere Energy, Inc. (NYSEMKT:LNG) was released by: Bloomberg.com and their article: “Can the U.S. Become an Energy Super Power in 2017?” with publication date: November 30, 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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