Company Update (NYSE:LNG): Cheniere Energy, Inc. Announces Election of Board Members


Cheniere Energy, Inc. (NYSE:LNG) announced that the shareholders at the 2015 Annual Meeting elected all nine members standing for re-election to the Board of Directors.

The Cheniere Directors re-elected to the Board are:

  • Charif Souki
  • Vicky A. Bailey
  • G. Andrea Botta
  • Nuno Brandolini
  • David I. Foley
  • David B. Kilpatrick
  • Donald F. Robillard, Jr.
  • Neal A. Shear
  • Heather R. Zichal

In addition, Cheniere announced the following committee assignments:

Lead Director

  • Mr. Kilpatrick

Governance and Nominating Committee

  • Ms. Bailey, Chairman
  • Ms. Zichal
  • Mr. Kilpatrick

Audit Committee

  • Mr. Robillard, Chairman
  • Ms. Bailey
  • Mr. Botta

Compensation Committee

Shares of Cheniere Energy closed yesterday at $72.31 . LNG has a 1-year high of $85 and a 1-year low of $58.10. The stock’s 50-day moving average is $75.13 and its 200-day moving average is $74.02.

On the ratings front, Cheniere Energy has been the subject of a number of recent research reports. In a report released yesterday, BTIG analyst William Frohnhoefer maintained a Buy rating on LNG, with a price target of $100, which implies an upside of 38.3% from current levels. Separately, on May 18, Goldman Sachs’ Steve Sherowski downgraded the stock to Hold and has a price target of $81.

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, William Frohnhoefer and Steve Sherowski have a total average return of 20.6% and 17.2% respectively. Frohnhoefer has a success rate of 48.3% and is ranked #553 out of 3621 analysts, while Sherowski has a success rate of 84.6% and is ranked #970.

Cheniere Energy Inc is engaged in LNG-related businesses. It owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners, L.P.

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