Stock Update (NYSE:LNG): Cheniere Energy, Inc. Declares Quarterly Dividend
Cheniere Energy, Inc. (NYSEMKT:LNG) announced that its Board of Directors declared a quarterly cash dividend of $0.020 per common share representing limited liability company interest in the Company. The dividend will be payable on February 29, 2016 to shareholders of record as of close of business February 19, 2016. (Original Source)
Shares of Cheniere Energy are down nearly 1% in after-hours trading. LNG has a 1-year high of $82.32 and a 1-year low of $23.14. The stock’s 50-day moving average is $32.54 and its 200-day moving average is $47.95.
On the ratings front, Cheniere Energy has been the subject of a number of recent research reports. In a report issued on January 14, BTIG analyst William Frohnhoefer maintained a Buy rating on LNG, with a price target of $100, which implies an upside of 308.8% from current levels. Separately, on January 13, Citigroup’s Faisel Khan upgraded the stock to Buy and has a price target of $47.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, William Frohnhoefer and Faisel Khan have a total average return of -33.6% and 10.0% respectively. Frohnhoefer has a success rate of 9.3% and is ranked #3528 out of 3556 analysts, while Khan has a success rate of 65.9% and is ranked #330.
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.