Cheniere Energy (LNG) : Traders are bullish on Cheniere Energy (LNG) as it has outperformed the S&P 500 by a wide margin of 4.71% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.89%, 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 1.83% in the last 1 week, and is up 8.23% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 6.5% and the 50-Day Moving Average is 15.45%. Cheniere Energy, Inc. is up 7.59% in the last 3-month period. Year-to-Date the stock performance stands at 12.3%.
Cheniere Energy (NYSEMKT:LNG): stock turned positive on Friday. Though the stock opened at $41.19, the bulls momentum made the stock top out at $42.065 level for the day. The stock recorded a low of $40.66 and closed the trading day at $41.83, in the green by 0.80%. The total traded volume for the day was 1,928,440. The stock had closed at $41.5 in the previous days trading.
Also, Wolfe Research initiates coverage on Cheniere Energy (NYSEMKT:LNG). According to the latest information available, the shares are now rated Outperform by the analysts at the agency. 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.