Revenue Update on Cheniere Energy(NYSEMKT:LNG)

Cheniere Energy(NYSEMKT:LNG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $65.62M. Analysts estimated a revenue of $64.08M. Earnings per share were $-0.61. Analysts had estimated an EPS of $-0.46.

In a different note, Wolfe Research said it Initiates Coverage on Cheniere Energy, according to a research note issued on Jun 22, 2016. The shares have been rated ‘Outperform’ by the firm. On Jun 14, 2016, Scotia Howard Weil said it Upgrades its rating on Cheniere Energy. The shares have been rated ‘Sector Outperform’ by the firm.

Cheniere Energy (LNG) made into the market gainers list on Wednesdays trading session with the shares advancing 1.47% or 0.65 points. Due to strong positive momentum, the stock ended at $44.86, which is also near the day’s high of $45.15. The stock began the session at $44.5 and the volume stood at 29,87,100 shares. The 52-week high of the shares is $68.94 and the 52 week low is $22.8. The company has a current market capitalization of $10,573 M and it has 23,56,89,130 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 19, 2016, Jack A Fusco (CEO) purchased 37,604 shares at $39.89 per share price.Also, On Jun 27, 2016, Meg Gentle (Executive VP – Marketing) sold 300,000 shares at $35.40 per share price.On May 18, 2016, Greg W. Rayford (Sr. VP and General Counsel) sold 10,000 shares at $35.04 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.

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