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:
Governance and Nominating Committee
- Ms. Bailey, Chairman
- Ms. Zichal
- Mr. Kilpatrick
- Mr. Robillard, Chairman
- Ms. Bailey
- Mr. Botta
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.