Wolfe Research Initiates Coverage on Cheniere Energy to Outperform

Wolfe Research Initiates Coverage on Cheniere Energy(NYSEMKT:LNG). The shares have been rated Outperform. The rating by Wolfe Research was issued on Jun 22, 2016.

In a different note, 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. Bernstein said it Initiates Coverage on Cheniere Energy, according to a research note issued on May 11, 2016. The shares have been rated ‘Market Perform’ by the firm.

Cheniere Energy (LNG) shares turned negative on Mondays trading session with the shares closing down -1.05 points or -3.02% at a volume of 32,22,388. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $34.95. The peak price level was also seen at $34.95 while the days lowest was $33.38. Finally the shares closed at $33.75. The 52-week high of the shares is $71.11 while the 52-week low is $22.8. According to the latest information available, the market cap of the company is $7,948 M.

Cheniere Energy(LNG) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $69.08M. Analysts had an estimated revenue of $155.66M. Earnings per share were $-1.41. Analysts had estimated an EPS of $-0.44.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2016, Jack A Fusco (CEO) purchased 28,231 shares at $32.97 per share price.Also, On May 18, 2016, Greg W. Rayford (Sr. VP and General Counsel) sold 10,000 shares at $35.04 per share price.On Dec 23, 2015, Vicky A Bailey (director) sold 15,997 shares at $35.92 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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