Cheniere Energy Sees Large Drop in Short Interest (LNG)
Cheniere Energy (NYSE:LNG) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 19,531,407 shares, a decline of 1.0% from the April 30th total of 19,329,708 shares, American Banking & Market News reports. Based on an average daily volume of 1,852,574 shares, the short-interest ratio is presently 10.5 days. Approximately 8.9% of the shares of the stock are sold short.
LNG has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Cheniere Energy from $54.00 to $59.00 in a research note on Monday, May 5th. They now have an “equal weight” rating on the stock. They noted that the move was a valuation call. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Cheniere Energy in a research note on Thursday, April 17th. They now have a $62.00 price target on the stock. Finally, analysts at Morgan Stanley downgraded shares of Cheniere Energy to a “buy” rating in a research note on Wednesday, April 16th. They now have a $74.00 price target on the stock, up previously from $67.00. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $63.61.
Cheniere Energy (NYSE:LNG) opened at 62.52 on Friday. Cheniere Energy has a 52 week low of $25.02 and a 52 week high of $62.71. The stock has a 50-day moving average of $57.02 and a 200-day moving average of $49.02. The company’s market cap is $13.955 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 $-1.41 EPS for the current fiscal year.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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