Cheniere Energy, Inc. (NYSEAMERICAN:LNG) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 9,650,773 shares, an increase of 13.1% from the August 15th total of 8,529,370 shares. Based on an average daily volume of 1,713,858 shares, the short-interest ratio is presently 5.6 days. Currently, 3.9% of the company’s stock are short sold.
LNG stock traded down $0.96 during mid-day trading on Friday, hitting $66.58. The stock had a trading volume of 2,728,106 shares, compared to its average volume of 2,218,101. Cheniere Energy has a 52 week low of $43.83 and a 52 week high of $71.03.
Cheniere Energy (NYSEAMERICAN:LNG) last announced its quarterly earnings results on Thursday, August 9th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.32). The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.64 billion. The company’s revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.23) earnings per share.
A number of analysts have recently issued reports on the stock. US Capital Advisors restated a “buy” rating on shares of Cheniere Energy in a research note on Tuesday, July 17th. Barclays set a $77.00 target price on shares of Cheniere Energy and gave the stock a “buy” rating in a research note on Thursday, July 5th. Cowen upgraded shares of Cheniere Energy from a “market perform” rating to an “outperform” rating and set a $76.00 target price for the company in a research note on Wednesday, September 26th. BMO Capital Markets reiterated a “buy” rating and issued a $81.00 price objective on shares of Cheniere Energy in a research note on Friday, July 13th. Finally, Morgan Stanley upgraded shares of Cheniere Energy from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $70.00 to $80.00 in a research note on Wednesday, September 26th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $71.18.
In related news, Director David B. Kilpatrick sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $68.88, for a total value of $1,033,200.00. Following the completion of the transaction, the director now owns 4,397 shares of the company’s stock, valued at $302,865.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Several institutional investors have recently made changes to their positions in the stock. Barometer Capital Management Inc. boosted its position in Cheniere Energy by 209.0% during the 3rd quarter. Barometer Capital Management Inc. now owns 75,900 shares of the energy company’s stock worth $5,274,000 after buying an additional 51,340 shares during the period. Centre Asset Management LLC acquired a new stake in Cheniere Energy during the 3rd quarter worth approximately $223,000. Royal London Asset Management Ltd. acquired a new stake in Cheniere Energy during the 2nd quarter worth approximately $5,497,000. Northern Trust Corp boosted its position in Cheniere Energy by 2.8% during the 2nd quarter. Northern Trust Corp now owns 1,142,190 shares of the energy company’s stock worth $74,461,000 after buying an additional 31,593 shares during the period. Finally, Energy Opportunities Capital Management LLC boosted its position in Cheniere Energy by 25.7% during the 2nd quarter. Energy Opportunities Capital Management LLC now owns 26,310 shares of the energy company’s stock worth $1,715,000 after buying an additional 5,375 shares during the period.
About Cheniere Energy
Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company operates in two segments, LNG Terminal Business, and LNG and Natural Gas Marketing. It owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.
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