Short Interest in Cheniere Energy Drops By 17.7% (LNG)
Cheniere Energy (NYSE:LNG) was the recipient of a large drop in short interest in the month of January. As of February 14th, there was short interest totalling 13,842,617 shares, a drop of 17.7% from the January 31st total of 16,818,536 shares, American Banking and Market News reports. Based on an average daily volume of 3,508,623 shares, the short-interest ratio is presently 3.9 days. Approximately 6.3% of the shares of the stock are short sold.
A number of analysts have recently weighed in on LNG shares. Analysts at Deutsche Bank raised their price target on shares of Cheniere Energy from $52.00 to $57.00 in a research note on Wednesday, February 12th. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse upgraded shares of Cheniere Energy from a “neutral” rating to an “outperform” rating in a research note on Monday, February 10th. They now have a $50.00 price target on the stock, up previously from $48.00. Finally, analysts at Citigroup Inc. downgraded shares of Cheniere Energy from a “buy” rating to a “neutral” rating in a research note on Friday, January 10th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Cheniere Energy presently has an average rating of “Buy” and a consensus target price of $52.33.
Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Friday, February 21st. The company reported ($0.61) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.38) by $0.23. The company had revenue of $68.19 million for the quarter, compared to the consensus estimate of $65.29 million.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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