Cheniere Energy (LNG) Shares Gap Down to $56.01

Cheniere Energy, Inc. (NYSEAMERICAN:LNG) gapped down before the market opened on Monday . The stock had previously closed at $57.16, but opened at $56.01. Cheniere Energy shares last traded at $54.99, with a volume of 2911648 shares changing hands.

A number of brokerages have issued reports on LNG. Zacks Investment Research raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Friday. Scotiabank reissued a “buy” rating and set a $65.00 target price on shares of Cheniere Energy in a research note on Monday, January 29th. Barclays reissued a “buy” rating and set a $62.00 target price on shares of Cheniere Energy in a research note on Friday, January 19th. Stifel Nicolaus began coverage on shares of Cheniere Energy in a research note on Thursday, January 4th. They set a “buy” rating and a $65.00 target price for the company. Finally, Cowen began coverage on shares of Cheniere Energy in a research note on Friday, November 17th. They set a “market perform” rating and a $56.00 target price for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. Cheniere Energy currently has an average rating of “Buy” and an average target price of $55.88.

The firm has a market cap of $13,310.00, a P/E ratio of -31.24 and a beta of 1.72.

Cheniere Energy (NYSEAMERICAN:LNG) last released its quarterly earnings data on Tuesday, November 14th. The energy company reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($1.08). The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the firm posted ($0.41) earnings per share. The company’s revenue was up 201.7% compared to the same quarter last year.

In related news, Director Vicky A. Bailey sold 5,800 shares of Cheniere Energy stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $54.44, for a total value of $315,752.00. Following the transaction, the director now owns 35,765 shares in the company, valued at approximately $1,947,046.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David B. Kilpatrick sold 20,000 shares of Cheniere Energy stock in a transaction on Friday, November 17th. The stock was sold at an average price of $49.15, for a total transaction of $983,000.00. Following the completion of the transaction, the director now owns 2,464 shares in the company, valued at approximately $121,105.60. The disclosure for this sale can be found here. Insiders sold a total of 45,800 shares of company stock worth $2,299,152 in the last quarter.

Several large investors have recently bought and sold shares of the company. Kensico Capital Management Corp increased its holdings in shares of Cheniere Energy by 8.7% during the 3rd quarter. Kensico Capital Management Corp now owns 12,185,000 shares of the energy company’s stock worth $548,812,000 after purchasing an additional 973,400 shares during the period. Tortoise Capital Advisors L.L.C. increased its holdings in shares of Cheniere Energy by 15.3% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 6,058,373 shares of the energy company’s stock worth $272,869,000 after purchasing an additional 804,825 shares during the period. Macquarie Group Ltd. increased its holdings in shares of Cheniere Energy by 29.6% during the 3rd quarter. Macquarie Group Ltd. now owns 3,206,592 shares of the energy company’s stock worth $144,425,000 after purchasing an additional 732,167 shares during the period. CI Investments Inc. bought a new position in shares of Cheniere Energy during the 3rd quarter worth about $120,279,000. Finally, Cohen & Steers Inc. increased its holdings in shares of Cheniere Energy by 92.1% during the 3rd quarter. Cohen & Steers Inc. now owns 2,655,409 shares of the energy company’s stock worth $119,600,000 after purchasing an additional 1,273,441 shares during the period.

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Cheniere Energy Company Profile

Cheniere Energy, Inc (Cheniere) is an energy company primarily engaged in liquefied natural gas (LNG)-related businesses. The Company operates through two segments: LNG terminal business, and LNG and natural gas marketing business. Its LNG terminal segment consists of the Sabine Pass and Corpus Christi LNG terminals.

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