Cheniere Energy (LNG) Receiving Somewhat Favorable Media Coverage, Report Shows
News coverage about Cheniere Energy (NYSE:LNG) has been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cheniere Energy earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the energy company an impact score of 46.4794821717119 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Cheniere Energy (NYSE LNG) opened at 43.48 on Friday. The firm’s market capitalization is $10.11 billion. Cheniere Energy has a 52 week low of $35.07 and a 52 week high of $51.41. The firm has a 50-day moving average price of $42.75 and a 200-day moving average price of $45.98.
A number of research firms recently commented on LNG. Morgan Stanley downgraded Cheniere Energy from an “overweight” rating to an “equal weight” rating and set a $50.00 price target for the company. in a research note on Tuesday, June 13th. Zacks Investment Research upgraded Cheniere Energy from a “hold” rating to a “strong-buy” rating and set a $56.00 price target for the company in a research note on Tuesday, July 4th. BidaskClub downgraded Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Scotiabank set a $52.00 price target on Cheniere Energy and gave the stock a “buy” rating in a research note on Friday, July 21st. Finally, ValuEngine downgraded Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $54.08.
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In other Cheniere Energy news, General Counsel Sean N. Markowitz bought 1,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were acquired at an average price of $42.10 per share, with a total value of $42,100.00. Following the completion of the purchase, the general counsel now directly owns 10,022 shares in the company, valued at approximately $421,926.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jack A. Fusco bought 23,750 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was acquired at an average cost of $42.32 per share, for a total transaction of $1,005,100.00. Following the purchase, the insider now owns 399,985 shares of the company’s stock, valued at $16,927,365.20. The disclosure for this purchase can be found here. In the last three months, insiders purchased 29,750 shares of company stock worth $1,257,000.
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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