Cheniere Energy, Inc. has lost 9.41% in the last five trading days and dropped 24.01% in the last 4 weeks.
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According to a filing with the Securities and Exchange Commission, the funds that are controlled by Icahn now hold greater than twenty seven million shares of Cheniere. Through Monday’s close the stock has declined by almost a third this year. Analysts at the Credit Suisse have a current rating of Outperform on the shares. In his 13D regulatory filing last month, Carl Icahn said that shares of Cheniere Energy were undervalued and he would seek discussions on “operations, capital expenditures, financings and executive compensation”. The stake in the company amounted to 19.4 million shares in the company.
Icahn acquired over 2 million shares at $47.14 per share.
Separately, TheStreet Ratings team rates CHENIERE ENERGY INC as a Sell with a ratings score of D+. BTIG Research set a $100.00 price objective on shares of Cheniere Energy and gave the stock a “buy” rating in a research note on Wednesday, June 24th.
Many analysts have commented on the company rating. The rating by the firm was issued on August 5, 2015.
On Tuesday, September 15th, Charif Souki sold 150,000 shares of Cheniere Energy stock. The company presently has a consensus rating of “Hold” and an average target price of $82.63.
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The Houston-based Cheniere is preparing to export the first major amounts of liquefied natural gas from the U.S.by sea, with its first export plans expected to start up as early as year-end. The Company operates through two segments: LNG terminal business, and LNG and natural gas marketing business The Company owns and manages the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners, L.P. (Cheniere Partners), which is a publicly traded limited partnership.
