Today, a Major Shareholder at Cheniere Energy Inc (NYSE: LNG), Carl Icahn, sold shares of LNG for $584.4M.
Following Carl Icahn’s last LNG Sell transaction on December 22, 2015, the stock climbed by 28.8%. This is Icahn’s first Sell trade following 7 Buy transactions.
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Based on Cheniere Energy Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.24 billion and quarterly net profit of $357 million. In comparison, last year the company earned revenue of $1.24 billion and had a GAAP net loss of $285 million. Currently, Cheniere Energy Inc has an average volume of 2.44M.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $73.25, reflecting a -11.0% downside.
The insider sentiment on Cheniere Energy Inc has been negative according to 63 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Cheniere Energy, Inc. engages in liquefied natural gas (LNG) related businesses. It owns and operates LNG terminals; and develops, constructs, and operates liquefaction projects near Corpus Christi, Texas, and at the Sabine Pass LNG terminal. The company was founded by Charif Souki on February 21, 1996 and is headquartered in Houston, TX.
