Cheniere Energy Short Interest Up 1.8% in June (LNG)
Cheniere Energy (NYSE:LNG) was the recipient of a large increase in short interest in June. As of June 13th, there was short interest totalling 19,362,761 shares, an increase of 1.8% from the May 30th total of 19,020,570 shares, StockRatingsNetwork reports. Currently, 8.8% of the company’s shares are sold short. Based on an average trading volume of 3,284,136 shares, the short-interest ratio is currently 5.9 days.
In other Cheniere Energy news, VP R Keith Teague unloaded 25,000 shares of Cheniere Energy stock on the open market in a transaction dated Monday, June 16th. The stock was sold at an average price of $66.94, for a total value of $1,673,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
LNG has been the subject of a number of recent research reports. 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. The stock presently has an average rating of “Hold” and a consensus price target of $65.66.
Cheniere Energy (NYSE:LNG) opened at 67.12 on Wednesday. Cheniere Energy has a 1-year low of $26.72 and a 1-year high of $69.59. The stock’s 50-day moving average is $62.68 and its 200-day moving average is $52.63. The company’s market cap is $14.982 billion.
Cheniere Energy (NYSE:LNG) last released its earnings data on Thursday, May 1st. The company reported ($0.23) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.54) earnings per share. Cheniere Energy’s revenue was up 2.5% compared to the same quarter last year. On average, analysts predict that Cheniere Energy will post $-1.23 earnings per share for the current fiscal year.
Cheniere Energy, Inc (NYSE:LNG) is engaged in liquid natural gas LNG-related businesses.
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