Traders Purchase Large Volume of Put Options on Cheniere Energy (LNG)

June 16:

Shares of Cheniere Energy (NYSE:LNG) saw some unusual options trading activity on Monday. Traders bought 7,084 put options on the company, Analyst Ratings Net reports. This is an increase of 143% compared to the average daily volume of 2,919 put options.
Several analysts have recently commented on the stock. Analysts at Raymond James initiated coverage on shares of Cheniere Energy in a research note on Tuesday, June 10th. They set a “market perform” rating on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Cheniere Energy in a research note on Monday, June 2nd. They now have a $75.00 price target on the stock, up previously from $65.00. Finally, analysts at Goldman Sachs raised their price target on shares of Cheniere Energy to $70.00 in a research note on Friday, May 30th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Cheniere Energy has an average rating of “Hold” and a consensus target price of $65.66.
Cheniere Energy (NYSE:LNG) traded up 2.14% on Monday, hitting $67.71. The stock had a trading volume of 3,003,393 shares. Cheniere Energy has a one year low of $25.02 and a one year high of $69.40. The stock has a 50-day moving average of $60.26 and a 200-day moving average of $51.10. The company’s market cap is $15.113 billion.
Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.23) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.27) by $0.04. The company had revenue of $67.55 million for the quarter, compared to the consensus estimate of $66.09 million. During the same quarter in the prior year, the company posted ($0.54) earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Analysts expect that Cheniere Energy will post $-1.31 EPS for the current fiscal year.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
Source: http://tickerreport.com/banking-finance/233664/traders-purchase-large-volume-of-put-options-on-cheniere-energy-lng/?

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