News stories about Cheniere Energy (NYSE:LNG) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cheniere Energy earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the energy company an impact score of 46.4610964106929 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Short Interest in Cheniere Energy, Inc. (LNG) Expands By 7.7% (americanbankingnews.com)
- Cheniere Energy, Inc. (LNG) Insider Purchases $1,005,100.00 in Stock (americanbankingnews.com)
- Notable Monday Option Activity: OI, SPLK, LNG – Nasdaq (nasdaq.com)
- Cheniere Energy Partners Announces $1 Billion Debt Offering – Oil & Gas 360 (oilandgas360.com)
- Hennessy Advisors Trims Position in Cheniere Energy, (wisdomsave.com)
Cheniere Energy (NYSE:LNG) traded down 0.71% during trading on Tuesday, hitting $42.19. The stock had a trading volume of 1,827,936 shares. Cheniere Energy has a 52-week low of $35.07 and a 52-week high of $51.41. The company’s market cap is $9.81 billion. The company has a 50-day moving average price of $43.14 and a 200-day moving average price of $46.17.
Several brokerages have weighed in on LNG. BidaskClub raised Cheniere Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 6th. ValuEngine lowered Cheniere Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Scotiabank set a $52.00 price objective on Cheniere Energy and gave the company a “buy” rating in a report on Friday, July 21st. Zacks Investment Research lowered Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Morgan Stanley lowered Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective for the company. in a report on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $54.08.
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In related news, CFO Michael J. Wortley acquired 5,000 shares of Cheniere Energy stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average cost of $41.96 per share, for a total transaction of $209,800.00. Following the purchase, the chief financial officer now directly owns 433,830 shares of the company’s stock, valued at approximately $18,203,506.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jack A. Fusco acquired 23,750 shares of Cheniere Energy stock in a transaction dated Monday, September 11th. The stock was bought at an average price of $42.32 per share, with a total value of $1,005,100.00. Following the completion of the purchase, the insider now directly owns 399,985 shares in the company, valued at $16,927,365.20. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 29,750 shares of company stock valued at $1,257,000.
About Cheniere Energy
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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