Cheniere Energy Target of Unusually Large Options Trading (LNG)
Cheniere Energy, Inc. (NYSE:LNG) was the recipient of some unusual options trading activity on Monday. Investors acquired 10,983 call options on the company. This is an increase of approximately 539% compared to the typical daily volume of 1,720 call options.
Shares of Cheniere Energy (LNG) opened at 43.00 on Thursday. Cheniere Energy has a 52-week low of $35.07 and a 52-week high of $51.41. The firm’s 50-day moving average is $47.05 and its 200-day moving average is $47.10. The firm’s market cap is $9.99 billion.
LNG has been the topic of a number of research reports. Zacks Investment Research raised shares of Cheniere Energy from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Wednesday, April 19th. Guggenheim initiated coverage on shares of Cheniere Energy in a report on Monday, April 17th. They set a “buy” rating and a $54.00 target price on the stock. Scotiabank set a $52.00 target price on shares of Cheniere Energy and gave the stock a “buy” rating in a report on Friday, July 21st. Morgan Stanley downgraded shares of Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 target price on the stock. in a report on Tuesday, June 13th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $58.00 price objective (up from $55.00) on shares of Cheniere Energy in a report on Saturday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $54.08.
Hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp increased its stake in shares of Cheniere Energy by 21.9% in the first quarter. Van ECK Associates Corp now owns 2,675 shares of the energy company’s stock valued at $126,000 after buying an additional 480 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Cheniere Energy during the first quarter valued at $142,000. Advisory Services Network LLC bought a new stake in shares of Cheniere Energy during the first quarter valued at $155,000. Toronto Dominion Bank increased its stake in shares of Cheniere Energy by 13.9% in the first quarter. Toronto Dominion Bank now owns 3,685 shares of the energy company’s stock valued at $174,000 after buying an additional 449 shares during the last quarter. Finally, Fiduciary Trust Co. bought a new stake in shares of Cheniere Energy during the second quarter valued at $188,000.
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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